Residential single-family housing sales in the qathet region in November 2024 were more than double the figures from November 2023.
Powell River Sunshine Coast Real Estate Board president Curtis Yungen said for November this year, double the number of single-family homes sold compared to those sold in November 2023, but the grand total of all units sold, including condos, mobile homes and land, was not far off from last year's numbers.
“This November was 27 compared to last November of 23,” said Yungen. “We also saw an increase in single-family sales in November (20) compared to October of this year (16).”
Yungen said year-to-date for single-family homes, the local market is trending upward in sales, with a 17.02 per cent increase.
“We’re at 220 sales this year, compared to 188 last year,” said Yungen.
“Median price for single-family homes is also up compared to last November. It’s $655,000 this year, compared to $540,000 for last year. The median price is up from October of this year, at $620,000, but down just very slightly for year-to-date compared to last year's year-to-date.”
In the single-family homes category in November 2024, there were 20 homes sold, valued at $15,051,200, compared to nine sales, valued at $6,178,000, in November 2023.
In the mobiles and manufactured homes category, there were three sales, valued at $612,500 in November 2024, compared to three sales, valued at $759,900 in November 2023.
There were two sales of condos, apartments and duplexes in November 2024, valued at $665,000, compared to two sales in November 2024, valued at $559,900.
Totals for residential sales were 25 units sold in November 2024, valued at $16,328,700, compared to 14 units, valued at $7,497,800, in November 2023.
In the nonresidential category, there were two parcels of vacant land sold in November 2024, valued at $420,000, compared to eight parcels of vacant land sold in November 2023, valued at $2,468,000.
There were no industrial, commercial and institutional sales in November 2024, and there was one, for $80,000, in November 2023.
Totals for nonresidential indicated two sales, valued at $420,000 in November 2024, compared to nine sales, valued at $2,548,000 in November 2023.
Grand totals for all sales show 27 units sold in November 2024, valued at $16,748,700, compared to 23 units sold, valued at $10,045,800, in November 2023.
Average selling price in November 2024 was $752,560 with an average of 103 days on the market, compared to $686,444 in November 2023, with an average of 73 days on the market. Median selling price in November 2024 was $655,000, compared to $540,000 in November 2023.
There were 52 new residential listings in November 2024, with 172 active residential listings at the end of the month. There were 12 new nonresidential listings in November 2024.
Grand total for active listings is 245.
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