Sales saw an uptick on the coast with 12 sales for the week of Nov 26th – Dec 2nd.
Spurred by lowering interest rates, pent up demand and attractive prices, the sale to list ratio of 11% pushed the market condition to the top edge of a buyer’s market.
There was also a surprising bump of new listing; 18 in total but overall we are seeing the typical seasonal decline of homes offered for sale.
Coastal Market Recap:
- Sales this week: 12 (7 detached, 3 attached, 2 land)
- Sales location: Pender Harbour: 1, Halfmoon Bay: 1, Sechelt 7, Roberts Creek 0, Gibsons 3
- New Listings: 18 (Detached 14, Attached 2, Land 2)
- Total Listings: 510 (Detached 326, Attached 69, Land 115)
- Sales to Listing Ratio: 11% (top end of buyers market conditions)
- Average Days on the Market: 72
- Average Price: $900,000
If you’re considering entering the market as a buyer or seller, winter is a great time to prepare for a busy spring season. Let’s discuss your plans and get you feeling prepared.
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