REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
MLS® HPI Benchmark Price $868,100
Sunshine Coast Stats Jan 2023
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
MLS® HPI Benchmark Price $877,500
RE/MAX Oceanview Report Jan 17-23, 2023
Real estate sales have slowed significantly. There are fewer multiple offer situations and sellers must be more patient and more flexible with price. It’s a reminder that real estate markets are dynamic and change over time. The last significant slower market on the Coast began with the so-called financial meltdown in October of 2008 and ran until late 2013. Before that, the slow periods were 1998 to 2001, 1994 to 1995, and perhaps the deepest downturn of all, from 1981 to 1986, when interest rates hit 19%. In most previous cycles, prices dropped 10% to 20% before the market began to rebound. We’re about 12% off our peak at present. No matter what the market, the need to sell can arise at any time. Home sellers always still need good representation. Advice on staging, pricing, negotiations, contract terms... a good listing agent is essential to success in any market
Sunshine Coast Stats Dec 2022
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
MLS® HPI Benchmark Price $912,000
Sunshine Coast Stats Nov 2022
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
MLS® HPI Benchmark Price $890,400
Sunshine Coast Stats Oct 2022
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
MLS® HPI Benchmark Price $917,000
RE/MAX Oceanview Weekly Report Oct 18 - Oct 24, 2022
The terms “patent defect” and “latent defect” are important in real estate. A patent defect is a flaw in the structure or property that is plainly evident during a reasonable inspection. The general rule is when the defect is obvious, like a cracked window, the seller has no obligation to point it out. A latent defect is a flaw in the structure, land or title of a property that is hidden and not easily discoverable during a reasonable inspection. Sellers must disclose the existence of all known latent defects in writing, especially if they are serious or “material” like an unregistered easement, before the buyer makes an offer. If they don’t and it can be proved they knew of the defect, the buyer may rescind the contract and pursue additional action for damages. The seller’s agent is under the same obligation. They must disclose in writing to the buyers’ agents any material latent defects before the buyer makes an offer.
RE/MAX Oceanview Weekly Report Oct 4 - Oct 10, 2022
The real estate statistics for September are in. There were 36 sales of detached housing, up from the 29 sales in August. However, the YTD total of 432 is down 34% from last year. The Benchmark Price – that is, the price of an average home in an average area – dipped 1% to $946,500, the 4th decease in 4 months. These statistics confirm downward pressure on prices. With condo’s and apartments, there were 6 sales, similar to August. However, the Benchmark Price for both categories dropped significantly – 9.8% for apartments, 3.5% for townhomes. These declines are the steepest we’ve seen of any category so far this year. As for vacant land, there were no sales in September. And the 89 sales YTD sales are also more than 40% off 2021. The Benchmark Price for land is not available, but prices cannot stay the same amid this lack of activity. The Detached Sales to List Ratio is now at 11%, well into Buyer’s market territory. Will the trend continue? Stay in touch.
Sunshine Coast Stats Sept 2022
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
MLS® HPI Benchmark Price $946,500
I have sold a property at 5716 LOUISE WAY in Sechelt
I have sold a property at 5716 LOUISE WAY in Sechelt. See details here
This Cascade Heights Gem is right across from a neighbourhood park! Lovely 3 bedroom, 2 bathroom rancher with family room. South facing rear yard with patio and garden shed. Vaulted ceilings, wood blinds, gas fireplace, natural gas outlet on the patio, extra parking in front. Very well cared for home and property situated in a great area with easy care landscaping. Just move in and enjoy!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.