“But My BC Assessment Says…” a phrase we hear often and understandably so.
BC Assessments offer a useful reference point but they don’t always align with what’s happening in the market right now.
In this post, we’ll look at this month’s closed sales, comparing sale prices to BC Assessment values.
Detached
| Address | Sold Price | Assessed | +\- | Brokerage |
|---|---|---|---|---|
| 25-5288 Selma Rd | $230,000 | $167,000 | +$63,000 | RE/MAX City |
| 28-5575 Mason Rd | $280,000 | $278,000 | +$2,000 | RE/MAX City |
| 4494 Rondeview Rd | $369,000 | $573,000 | -$204,000 | Royal LePage Wolstencroft |
| 101-4510 Sunshine Coast Hwy | $390,000 | $365,000 | +$25,000 | RE/MAX City |
| 5863 Sandy Hook Rd | $450,000 | $610,800 | -$160,800 | RE/MAX City |
| 5754 Binnacle Ave | $499,000 | $659,000 | -$160,000 | Holywell Properties |
| 5569 Sans Souci Rd | $599,900 | $591,000 | +$8,900 | Royal LePage Sussex |
| 3-699 Dougall Rd | $635,000 | $673,500 | -$38,500 | RE/MAX City |
| 5794 Trout Lake Rd | $648,000 | $511,000 | +$137,000 | Royal LePage Sussex |
| 6231 Kevins Rd | $722,500 | $735,000 | -$12,500 | Sotheby’s Intl Realty |
| 715 Bowen View Rd | $750,000 | $796,000 | -$46,000 | Royal LePage Elite West |
| 617 Gower Point Rd | $750,000 | $807,000 | -$57,000 | RE/MAX City |
| 1534 Cypress Way | $760,000 | $868,000 | -$108,000 | Sotheby’s Intl Realty |
| 682 Crucil Rd | $770,000 | $915,000 | -$145,000 | Royal LePage Sussex |
| 702 Gibsons Way | $780,000 | $718,000 | +$62,000 | RE/MAX City |
| 5641 Nickerson Rd | $799,900 | $806,000 | -$6,100 | Sotheby’s Intl Realty |
| 5549 Sans Souci Rd | $819,000 | $828,000 | -$9,000 | RE/MAX City |
| 631 Wyngaert Rd | $825,000 | $1,144,000 | -$319,000 | RE/MAX City |
| 512 S Fletcher Rd | $849,000 | $756,800 | +$92,200 | Royal LePage Sussex |
| 591 Gibsons Way | $875,000 | $940,900 | -$65,900 | RE/MAX City |
| 5656 Cook Pl | $918,000 | $943,000 | -$25,000 | RE/MAX City |
| 522 Eaglecrest Dr | $960,000 | $1,565,000 | -$605,000 | Sutton West Coast Realty |
| 614 Glen Rd | $964,000 | $986,000 | -$22,000 | RE/MAX City |
| 482 Elphinstone Ave | $1,066,750 | $1,213,000 | -$146,250 | RE/MAX Oceanview |
| 1454 Davidson Rd | $1,075,000 | $808,000 | +$267,000 | Sutton West Coast Realty |
| 5933 Sandy Hook Rd | $1,099,000 | $904,000 | +$195,000 | RE/MAX Oceanview |
| 1618 Ocean Beach Esplanade | $1,280,500 | $1,740,000 | -$459,500 | RE/MAX City |
| 636 Bay Rd | $1,321,500 | $2,247,000 | -$925,500 | RE/MAX City |
| 6323 Oracle Rd | $1,500,000 | $1,117,000 | +$383,000 | RE/MAX City |
| 63 Chadwick Rd | $1,790,000 | $2,388,000 | -$598,000 | Sutton West Coast Realty |
| 9195 Truman Rd | $1,900,000 | $2,188,000 | -$288,000 | RE/MAX Oceanview |
| 173 Witherby Rd | $1,900,000 | $1,866,000 | +$34,000 | Royal LePage Sussex |
| 1246 St Andrews Rd | $1,913,400 | $2,428,000 | -$514,600 | Sotheby’s Intl Realty |
| 1905 Lower Rd | $1,957,500 | $2,242,000 | -$284,500 | Sotheby’s Intl Realty |
Attached
| Address | Sold Price | Assessed | +\- | Brokerage |
|---|---|---|---|---|
| 110-518 Shaw Rd | $379,000 | $488,000 | -$109,000 | RE/MAX City |
| 45-689 Park Rd | $548,000 | $646,000 | -$98,000 | RE/MAX City |
| 47-735 Park Rd | $637,500 | $606,000 | +$31,500 | RE/MAX City |
| 26-555 Eaglecrest Dr | $660,000 | $725,700 | -$65,700 | RE/MAX Oceanview |
| 508 Marine Dr | $975,000 | $1,031,000 | -$56,000 | RE/MAX City |
| 203-5665 Teredo St | $1,000,000 | $941,000 | +$59,000 | RE/MAX Oceanview |
Land
| Address | Sold Price | Assessed | +\- | Brokerage |
|---|---|---|---|---|
| Lot 16 Sinclair Bay Rd | $198,000 | $178,000 | +$20,000 | RE/MAX Oceanview |
| 746 Gibsons Way | $300,000 | $448,000 | -$148,000 | RE/MAX City |
| Lot A Storvold Rd | $525,000 | $580,000 | -$55,000 | Royal LePage Sussex |
| 122-7101 Sakinaw Woods | $910,000 | $1,250,000 | -$340,000 | Royal LePage Sussex |
| District Lot 5270 | $925,000 | $1,889,900 | -$964,900 | RE/MAX Oceanview |
| 2763 Lower Rd | $2,725,000 | $2,664,000 | +$61,000 | RE/MAX City |
The standout anomaly this month is District Lot 5270, which sold $964,900 below assessment, followed closely by 636 Bay Road at $925,500 below assessment. On the upside, 6323 Oracle Road led detached sales at $383,000 above assessment.
This month’s sales highlight the continued gap between BC Assessment values and what buyers are willing to pay in today’s market. While several properties sold above assessment, the majority traded below, particularly in the detached and land categories. Some of the largest variances were seen among higher-priced homes and larger parcels, reinforcing that factors such as location, condition, pricing strategy and buyer demand often have a greater influence on value than assessment alone. As always, recent comparable sales remain the most reliable indicator of current market value on the Sunshine Coast.