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Sechelt Development - Silverstone Heights
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01-07-2014, 01:20 PM,
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RE: Sechelt Development - Silverstone Heights
Silverstone Heights is scheduled to open its sales centre and show home sometime this month as I mentioned in the previous post above. To recap, the new subdivision will offer 30 homes at the following prices:
I can now show the 2013 year end tally for Single Detached Home sales under $1 million by price range. As you can see in the table below, the majority of sales occurred in the $300,000 - $399,999 range followed by $200,000 - $299,999 range. Bear in mind, these are coast-wide sales, from the Gibsons area in the south to Earls Cove and Egmont in the north. Now, what sold in Sechelt during 2013 and how many of those sales were within the Silverstone Heights pricing range? To the best of my ability, here is what I have determined:
The largest number of single detached home sales in the DOS occurred in the $300,000 - $399,999 price range thus mirroring the coast as a whole. Just glancing through the list, I would guess the average square footage at 1600 with 3 beds/2baths. It would be interesting to learn if retirees were behind the majority of sales in the DOS and my guess is they were because unless you’re self-employed working out of your home you wouldn’t be moving to the coast for the job opportunities. If they are retirees, I think it would be safe to assume they have taken a real hit on their savings over the last 4 - 5 years because of low interest rates. So, if they managed to sell their previous home at a good price, I think they will want to tuck away as much of that equity as possible for the future and not see a good portion eaten up by a half million dollar plus, 4 bed/3bath home that they may have trouble selling in the future if all the dire warnings we now see in print prove true. I am sure Greypointe is taking all this into consideration and the layout of its subdivision is not etched in stone. Yes, they’ve chosen to show case the largest home (4 bed/3bath, 2616sf at $599,900), but if all people will buy is the smallest rancher then that’s what they will build if the topography allows it. I really don’t envy Greypointe or any developer on the coast going into 2014. This really has to be a nail-biting year for all concerned and it will be interesting to watch as the year unfolds especially in light of the ever increasing average detached home prices in Vancouver and Toronto. What will the federal do next? Stay tuned. Note: I have posted an overview of 2013 Sunshine Coast sales and it is found here: 'Sunshine Coast, BC: 2013 Real Estate Sales - The Big Picture'. There’s a pretty pie chart showing the SDH Sales by Price Range. |
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Messages In This Thread |
Sechelt Development - Silverstone Heights - by Skook - 07-24-2013, 08:40 AM
RE: Sechelt Development - Silverstone Heights - by Skook - 11-02-2013, 03:30 PM
RE: Sechelt Development - Silverstone Heights - by Skook - 11-29-2013, 12:09 PM
RE: Sechelt Development - Silverstone Heights - by Skook - 12-03-2013, 10:58 AM
RE: Sechelt Development - Silverstone Heights - by Skook - 12-28-2013, 12:03 PM
RE: Sechelt Development - Silverstone Heights - by Skook - 01-07-2014, 01:20 PM
RE: Sechelt Development - Silverstone Heights - by Skook - 06-11-2014, 08:20 AM
RE: Sechelt Development - Silverstone Heights - by Skook - 12-14-2014, 05:37 PM
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