acreage home

Increase In Demand In Homes In Suburban Communities

The pandemic that began over a year ago has had a dramatic impact on the real estate industry. Being in lock down for months has given homeowners and prospective buyers the opportunity to reevaluate what aspects of their home is important to them and for many, it is relocating to suburban communities with more space and affordable housing. 

Increased outdoor space

For many, living close to the office has become increasingly less important with more flexibility and opportunity to work from home. With the commute no longer a prevalent issue, many homeowners are taking the opportunity to get out of the city to find more space in the homes, especially outdoor space. Homeowners in areas such as the Sunshine Coast, have the opportunity to enjoy more outdoor space to relax, engage in outdoor hobbies, and host friends and family. Additionally, the Sunshine Coast is surrounded by breathtaking nature everywhere you go, a luxury that downtown Vancouver residents miss out on.  

Quieter Communities 

With homeowners relocating outside the city, they have the opportunity to take a step back from the hustle and bustle of the downtown life and enjoy quieter communities. These suburban areas such as the Sunshine Coast, offer a more laid back lifestyle, with more affordable housing options. 

Browse Detached homes on the Sunshine Coast listed on the MLS®
Browse land on the Sunshine Coast listed on the MLS®
Browse acreage homes listed on the Sunshine Coast listed on the MLS®

 

April 2021 Real Estate Market Statistics Halfmoon Bay, B.C.

As more homeowners are relocating to communities that include more opportunities for at-home outdoor space, Halfmoon Bay has seen an increase in demand for homes in the area. The majority of properties found in Halfmoon Bay include single-family homes, acreage homes, and land, creating plenty of opportunity for spacious dream homes. Halfmoon Bay’s laid-back and secluded-like atmosphere has been bringing homeowners to the community, especially since the COVID-19 outbreak over a year ago. Check out how this increase in demand has affected housing prices in the area. 

Real estate market stats for properties in Halfmoon Bay, Sunshine Coast

Residential properties in Halfmoon Bay had a final selling price of $811,800, a 43.2% increase from last April that had an average selling price of $567,000. As for detached houses in Halfmoon Bay, this April, they sold for an average price of $816,500, a 43.3% increase from last year with an average selling price of $569,700.

Thinking of finding your dream home in Halfmoon Bay? Let’s chat today!
Browse all detached homes in Halfmoon Bay listed on the MLS®
Browse all acreage homes in Halfmoon Bay listed on the MLS®
Browse all land in Halfmoon Bay listed on the MLS®