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!
Wood burning stoves are still common on the Sunshine Coast. But it’s important to note, insurance companies will not insure a home heated with wood without a satisfactory Report from a WETT (Wood Energy Transfer Technology) professional. And the standards are stringent. The stove must be certified by an accredited laboratory like CSA, installed as per the manufacturer’s spec’s and adhere to certain clearances from combustible surfaces. For instance, there are 2 aspects of floor protection: protection from radiant heat and protection from embers. The appliance must be installed on non-combustible material which extends 8” beyond the rear and sides, and 18” in front of the wood loading door. There are also standards and clearances pertaining to the ceiling, stove pipe and chimney. RE/MAX Oceanview Agents are familiar with the process of WETT inspections.
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
MLS® HPI Benchmark Price $957,200
The real estate statistics for August are in. There were 29 detached housing sales, down 15% from July and 57% from last August. The YTD total is also down 33% from last year. The Benchmark Price – that is, the price of an average home, in an average area – dipped 4% to $957,200, the third decrease in 3 months. These statistics confirm downward pressure on prices. With condos and apartments, there were 7 sales, similar to July. However, the Benchmark Price for both categories dropped significantly – 7.7% for apartments and 3.1% for townhomes. These declines in prices are the first to affect the attached market in many months. As for vacant land, there was only 1 sale in August. At the same time, the 89 sales YTD is down 42% from 168 last year. The Benchmark Price for land is not available but we do not anticipate land prices remaining unaffected by this lack of sales activity. Meanwhile, the Sales to List Ratio is now in the low teens. Is a buyers’ market pending?
Sometimes even the best agents have trouble getting showings on their listings. When that happens, sellers may express doubt about the marketing plan. How about an ad in the paper? Or an open house? New pictures, perhaps? They forget that we do this for a living. We know what works and what doesn’t. And we know that for getting showings, nothing beats MLS. It’s the first place buyers and agents look for homes. It’s been so successful, that it’s made all other forms of advertising obsolete. So if you’re not getting showings, you don’t need more ads, open houses or new pictures. You need to lower the price. The market is competitive. Well-priced homes will get the first showings. Knowing this, our strategy is to lower the asking price in increments until we begin to get calls and showings. Once that happens, it’s likely an offer isn’t far behind. Finding the right price is a delicate, sometimes difficult task. But it’s critical to our success. We have the experience you can rely on to guide you along the way.
REALTOR® Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
MLS® HPI Benchmark Price $997,000
For the past 10 years, we have provided the Detached Sales To List Ratio as a part of our Weekly Report. This Ratio is based on the number of detached sales in the past 30 days divided by the current detached listing count. The number yielded helps us predict pricing trends. For instance, a figure below 12% for any sustained period of time suggests a buyer’s market and lower prices. A number between 12% and 19% indicates a balanced market with steady prices. And a number over 19%, as we saw between June 2020 and June 2022, shows a seller’s market and rising prices. This Week's Sales To List Ratio, 13%, supports the recent trend of a more balanced market. Where do we go from here? A lot depends on listings. If the supply stays low, the Ratio will likely remain in the teens. If the supply increases, the Ratio could fall into buyer’s market territory.
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.