Real estate sales in the qathet region fell in March 2025 compared to sales in March 2024. According to Powell River Sunshine Coast Real Estate Board president Curtis Yungen, there were drops in several categories.
While total sales were in the $11 million range for March 2025, they were in the $15 million range for February 2025 and $16.8 million range for March 2024, according to Yungen.
“The median price for single-family homes also went down,” said Yungen. “For March 2025, it was $587,000, compared to $639,000 for February 2025, but not far off from where it was last year, March 2024, at $590,000.”
Yungen said total units sold also declined, with 20 in March 2025, 26 in February 2025, and 30 in March 2024.
“For single-family homes year-to-date, we did see an increase of 6.65 per cent in median selling price, from $600,000 in 2024, to $639,000 in 2025,” said Yungen. “We also had an increase in new listings of 21.14 per cent from 123 year-to-date in 2024, to 149 year-to-date in 2025. However, we did see a small decrease in sold listings of 7.27 per cent, from 55 year-to-date in 2024, to 51 year-to-date in 2025. There was also a minor decrease in volume of 4.72 per cent, from $35,774,650 in 2024, to $34,086,300 in 2025.”
In the single-family homes category, in March 2025 there were 15 sales, valued at $8,888,700, compared to 23 sales, valued at $16,368,900, in March 2024.
There were no sales in the mobile and manufactured homes category in March 2025, compared to one in March 2024, valued at $215,000.
In the condo, duplex and apartments category, in March 2025, there were four sales, valued at $2,044,900, compared to three sales in March 2024, valued at $1,524,000.
Totals for residential sales indicate 19 units sold, valued at $10,933,600 in March 2025, compared to 27 sales in March 2024, valued at $16,368,900.
For nonresidential sales, there was one unit of vacant land sold in March 2025, valued at $95,000, compared to two units in March 2024, valued at $478,000.
Total for nonresidential sales was one for $95,000 in March 2025, and two for $478,000 in March 2024.
Grand totals indicated 20 sales in March 2025, valued at $11,028,600, compared to 30 sales in March 2024, valued at $16,846,915.
Average monthly selling price in March 2025 was $592,580, with an average of 43 days on the market, compared to $636,083 in March 2024, with an average of 83 days on the market.
There were 72 new residential listings in March 2025, with 207 active listings at the end of the month. There were 32 new nonresidential listings in March 2025, with a total of 85 active listings at the end of the month. Grand total for listings at the end of March 2025 is 292.
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