Real estate sales figures in September 2024 were up substantially from September of the previous year.
According to Powell River Sunshine Coast Real Estate Board statistics director Neil Frost, it should be no surprise at this point that September 2024 was much busier than September 2023.
“We saw 30 residential sales in September 2024, compared to only 20 in September 2023,” said Frost. “Now, if we compare September 2024 to the previous month, August 2024, we had 32 total residential sales in September, compared to 31 in August, so totals are very similar when we compare the two previous months.”
In the single-family homes category, in September 2024, there were 27 sales, valued at $17,603,800, compared to 16 sales, valued at $14,247,500, in September 2023.
In the mobiles and manufactured homes category, in September 2024, there was one sale, valued at $332,500, compared to three sales, valued at $745,000, in September 2023.
There were two sales of condos, apartments and duplexes in September 2024, valued at $827,500, compared to one sale, valued at $375,000, in September 2023.
Totals for residential sales indicate 30 in September 2024, valued at $18,763,800, compared to 20 sales, valued at $15,367,500, in September 2023.
In nonresidential sales, there was one parcel of vacant land sold in September 2024, compared to three in September 2023, valued at $325,000.
In the industrial, commercial and institutional category, there was one sale, valued at $850, in September 2024, compared to two sales, valued at $803,152, in September 2023.
Totals for nonresidential indicate two sales, for $475,850, in September 2024, compared to five sales, valued at $1,128,152, in September 2023.
Grand totals for real estate sales in September 2024 were 32, valued at $19,239,650, compared to 25 sales in September 2023, valued at $16,495,652.
The average selling price for a single-family home in September 2024 was $651,993, with an average of 73 days on the market, compared to an average selling price of $890,469 in September 2023, down 26.8 per cent, with an average of 112 days on the market.
Frost said while the average selling price is down approximately 10 per cent year-over-year from 2024 to 2023, the median sale price is down only four per cent.
In terms of year-to-date sales, from January 1 to October 3, 2024, there were 408 new listings, compared to 331 in the same time period in 2023, for a 23.26 per cent change.
Sold listings in 2024 are 184, compared to 164 in 2023, for a 12.20 per cent change.
Frost said residential listings and sales are both up year-to-date, at nearly 25 per cent and 12 per cent respectively.
There were 55 new residential listings in September 2024 and seven new nonresidential listings, for a total of 62 new listings. There were 226 active residential listings at the end of September 2024, and 85 nonresidential, for a total of 311 active listings at the end of the month.
The dollar value for sales year-to-date in 2024 is $122,372,349, compared to $121,029,751 in 2023, for a 1.11 per cent change.
Average selling price is down. The 2024 figure is $665,067, compared to $737,986 in 2023, for a drop of 9.88 per cent.
The median list price in 2024 is $650,000, down from $679,900 in 2024, for a drop of 4.40 per cent.
Median selling price in 2024 is $620,000, down 3.88 per cent from $645,000 in 2023.
Average days on the market in both years, year-to-date, is 67.
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