Real estate sales in qathet region were up in October 2024 compared to October the previous year.
According to Powell River Sunshine Coast Real Estate Board statistics director Neil Frost, October 2024 had increased slightly from the same month in 2023. He said of note was the sale of vacant lots in the qathet region this October.
According to statistics from the real estate board, there were 16 sales of single-family homes in October 2024, valued at $10,254,000, compared to 14 sales, valued at $8,653,399, in October 2023.
In the mobile and manufactured homes category, there were two sales, valued at $299,500 in October 2024, compared to two sales in October 2023, valued at $608,500.
There were three sales of condos, apartments and duplexes in October 2024, valued at $1,028,400, compared to three sales, valued at $540,000, in October 2023.
Total for residential sales amounts to 21, valued at $11,581,900 in October 2024, compared to 17 sales, valued at $9,801,899, in October 2023.
In the nonresidential category, there were five sales of vacant land, valued at $1,191,000, in October 2024, compared to three sales, valued at $621,599. in October 2023.
In October 2023, there were two sales of industrial, commercial and industrial properties, valued at $943,000. There were none in October 2024.
Totals for nonresidential in October 2024 are five sales, valued at $1,191,000, compared to five sales, valued at $1,564,599, in October 2023.
Grand totals for all sales indicate 26 sales in October 2024, valued at $12,772,900, compared to 22 sales in October 2023, valued at $11,366,498.
In terms of new listings in October 2024, there were 42 residential and five nonresidential, for a total of 47. The number of active residential listings at the end of October 2024 was 199, and there were 77 nonresidential listings, for a total of 276 at month’s end.
Average single-family dwelling price in October 2024 was $640,875, with an average of 66 days on the market, compared to an average selling price of $618,100 in October 2023, with an average of 72 days on the market. Median selling price in October 2024 was $620,000, compared to $597,500 in October 2023.
Frost said comparing October 2024 to September 2024, sales of residences had slipped from 30 in September to 21 in October, with 27 single-family homes in September, down to 16 in October.
In terms of year-to-date sales, from January 1 to November 1, 2024, sales are up 12.36 per cent from the same time span in 2023, said Frost. Average selling prices in 2024 are down 8.98 per cent compared to year-to-date in 2023, but median prices are only down 2.36 per cent, he added.
Join the Peak's email list for the top headlines right in your inbox Monday to Friday.
