“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.
“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.
“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.
A 30-minute drive past Sechelt, you will find Pender Harbour, a waterfront community known for its roots in fishing. Today, this beautiful community is home to many long-term residents and cabin goers who love the natural beauty of the Sunshine Coast. Throughout the pandemic, buyers have been looking in communities such as Pender Harbour for their perfect getaway home. This past June 2021, home prices were steady after several large final sale price increases this past spring.
This past June 2021, detached homes in Pender Harbour sold for an average price of $766,100, a 0.4% increase from May, yet a 43.3% increase from last June, which sold for an average price of $534,700. Although the majority of homes in the area are detached homes and land, the average final sale price for all residential properties in the area including, townhomes and condos, was $750,700, a 43% increase from last year, which sold for an average price of $524,800.
Halfmoon Bay possesses some of the most breathtaking beaches, parks, and trails on the Sunshine Coast. The unique beauty of Halfmoon Bay has brought homebuyers in over the years and more recently, the past year which has led to an increase in final sale prices in the area. Discover how the past year has affected final sale prices in the area.
This June, detached homes in Halfmoon Bay had an average selling price of $830,100, a 0.2% decrease from May, however, a 38.9% increase from last June. Although there are few townhomes and condos in Halfmoon Bay, the overall average final sale price for all residential properties in the area was $825,900, a 38.8% increase from last June 2020.
As prospective buyers invest in their dream home outside the busy neighbourhoods of Vancouver, many continue to search in the artistic and vibrant town of Roberts Creek. With large properties on acreages among the lush trees of the Sunshine Coast, housing prices in the area have seen a significant increase over the past year. Although, prospective buyers looking for their small and perfect townhome or condo in Roberts Creek won’t have any luck as the neighbourhood is home to land and detached homes, offering a feeling of seclusion that many are in search of.
Although Roberts Creek is a small town with under 5,000 residents, the prices for detached homes in the area are some of the most expensive on the Sunshine Coast. This June, detached homes in Roberts Creek had an average selling price of $982,200, a 44.4% increase from last June. Despite the overall higher price for a detached home in Roberts Creek, homeowners have the luxury of large lots with plenty of indoor space.
As the Metro Vancouver market eases, Sechelt continues to experience more affordable housing options compared to most communities on the Sunshine Coast. As Sechelt offers fantastic education options, access to other community amenities, nature, and affordable housing, there is no way you won’t fall in love with this neighbourhood! If you are a first-time buyer searching for housing on the Sunshine Coast, Sechelt may be the perfect community for you.
This June, detached homes in Sechelt sold for an average price of $766,600, a 0.2% decrease from May, however a 35.3% increase from last year. With 2 months in a row hovering at a 30% sales ratio, there is a steady stream of demand for detached homes in the area.
Townhomes for sale in Sechelt had an average sale price of $602,100, a 0.3% decrease from May 2021 however, a 35.9% increase from June 2020. Apartments in Sechelt did not see a significant increase in overall price throughout the last year. In June, apartments had an average sale price of $556,700, a 14.9% increase from last year.
As the Metro Vancouver housing market continues to normalize after several record months, we continue to experience high listing and sale activity throughout this past June. The benchmark price for residential housing on the Sunshine Coast this past June was $801,000, a 0.4% decrease from May 2021 yet a 35.8% increase from last June. Homebuyers continue to search for homes away from Vancouver city life in the quieter neighbourhoods of the Sunshine Coast.
This past June 2021, detached homes in Gibsons had a final sale price of $905,500, a 1.4% decrease from May 2021 but a 40.1% increase from last June 2020. One prominent reason for this overall large price increase in single-family homes in Gibsons is due to Vancouver residents relocating and investing in properties outside the city.
There are few attached homes currently in Gibsons however, the options available for homebuyers are more affordable than many options throughout the Lower Mainland. Townhomes in Gibsons had an average final sale price of $625,800, a 29.4% increase from last June. Apartments in Gibsons had an average sale price of $418,900, a 20.2% increase from last year.
For the full report on June 2021 Statistics on Great Vancouver Real Estate, including the Sunshine Coast, please click here.
Homeowners looking for their next home in Roberts Creek will find most properties on lots with tons of space, overlooking the ocean or secluded among the Sunshine Coast trees. With the abundance of space homeowners in Roberts Creek acquire, residents have the opportunity to offer more space for their kids and animals or devote more space to hobbies such as gardening and hosting outdoor events. With many Vancouverites now seeking this type of living, properties in these areas are gaining more popularity and, therefore, final sale prices continue to rise. Discover how the past year has affected final sale prices for these beautiful homes in the quaint community of Roberts Creek.
This May 2021, Roberts Creek had the highest average selling price for homes on the Sunshine Coast. Detached homes had an average selling price of $981,000, a 44.9% increase from last year and a 2.2% increase from last month. May 2020, detached homes in Roberts Creek sold for an average price of $677,200.
Sechelt remains an affordable neighbourhood on the Sunshine Coast and a great investment for first time buyers, individuals looking to relocate, or retire. As both Sechelt and the Sunshine Coast continue to grow as sought-after communities, housing prices continue to rise. Discover how the past year has affected final sale prices in homes in Sechelt.
Despite Sechelt having the largest town on the Sunshine Coast, the average selling price of detached homes in the area remains more affordable than other less populated areas like Pender Harbour and Halfmoon Bay. This May 2021, detached homes in Sechelt sold for an average price of $768,400, a 39.8% increase from last year. Last May, the average selling price of a single family home in Sechelt was $549,500.