Market Minute - August 2020

The summer real estate market on BC's Sunshine Coast continues to boom. Between last July and this July, the Sunshine Coast saw the number of sales increase by 35 per cent.

As telecommuting becomes more commonplace, living on the Sunshine Coast becomes more viable. We're seeing strong demand across all segments but detached houses, lots, and acreages are especially popular with buyers under 45. If being locked inside a high-rise with three kids for months on end doesn't have you yearning for the glory that is a fenced backyard, I don't know what would.

Commercial real estate is also busy as companies are providing allowances for telecommuting and smaller, decentralized offices.

Vancouverites are finally discovering what we've known all along – life is simply better on BC's beautiful Sunshine Coast.

This is a strong market for sellers. Call me when you're ready to sell and I'll put my proven sales and marketing system to work for you!

Tony Browton -
Personal Real Estate Corporation
Re/Max City Realty (Gibsons)
Mobile: 604-418-2695

July 2020 by the numbers*

  • Number of sales: 110
  • House: 65 (Average price: $866,930)
  • Lot: 18 (Average price: $251,778)
  • House with Acreage: 12 (Average price: $949,742)
  • Townhouse: 6 (Average price: $601,867)
  • Apartment: 5 (Average price: $365,700)
  • Manufactured: 2 (Average price: $115,000)
  • 1/2 Duplex: 1 (Average price: $500,000)
  • Manufactured with Land: 1 (Average price: $281,000)

  • Total dollar volume: $78,730,046
  • Average price: $715,728
  • Median price: $657,000
  • Average Discount from Original Asking Price: 5.3%
  • Median Discount from Original Asking Price: 3.6%
  • Average days on market: 117
  • Median days on market: 47
  • Number sold at original asking price or higher: 30 (27.3% of total)

*up to July 27, 2020