Real estate sales in December 2024 considerably outpaced sales from December 2023 in the qathet region.
According to Powell River Sunshine Coast Real Estate Board president Curtis Yungen, for December 2024, compared to December 2023, there was a 157 per cent increase in single-family home sales, with 18 last year and seven in 2023.
“We also saw a large increase in total sales, up 56.25 per cent from 16 in 2023, to 25 in 2024,” said Yungen.
The median price for single family homes did have a slight decrease of -2.3 per cent compared to December 2023, going from $670,000 to $654,500, according to Yungen.
Sales for December 2024 for single family homes were down just slightly from November, from 20 to 18, but total sales remained the same at 25.
Yungen said median price was also almost the same from December to November, with only a $500 decrease from $655,000 to $654,500.
In terms of year-end statistics for single-family homes, for 2024, there was an increase for new listings and sales from 2023.
“There was 22.3 per cent increase in new listings and a 22.68 per cent increase in sales,” said Yungen. “New listings went from 408 in 2023, to 499 in 2024, and sales went from 194 in 2023, to 238 in 2024.”
According to Yungen, the median list price and median sell price for single-family homes remained almost the same, with only a 0.77 per cent increase in list price and a -0.94 per cent decrease in sell price. Yungen said there was an average $659,900 list price in 2023, compared to a $665,000 list price in 2024, and median sell price of $635,000 in 2023, to $629,000 in 2024.
Average days on market also remained consistent,with only a slight increase of one additional day, for a 2.74 per cent change, said Yungen.
“Overall, it was a stronger end to the year compared to the last few months of 2023,” said Yungen. “If it keeps up, it’ll be a welcome change from last year for the beginning of the year.”
According to statistics from the Powell River Sunshine Coast Real Estate Board, in December 2024, in the single-family homes category, there were 18 sales, valued at $13,017,900, in December 2024, compared to seven sales, valued at $4,479,900, in December 2023.
In the mobile and manufactured homes category, there were three sales in December 2024, valued at $547,000, compared to two sales, valued at $292,500, in December 2023.
There were three sales of condos, apartments and duplexes in December 2024, valued at $1,254,900, in December 2024, compared to five sales, valued at $2,023,000, in December 2023.
Totals for residential categories are 24 sales, valued at $14,819,800, in December 2024, compared to 14 sales, valued at $6,795,400, in December 2023.
On the nonresidential side, there was one parcel of vacant land sold in December 2024, valued at $225,000, compared to one parcel of vacant land sold in December 2023, valued at $399,000.
There was also one industrial, commercial and institutional transaction, valued at $1,600, in December 2023, compared to none in December 2024.
The total for nonresidential in December 2024 was $225,000, compared to $400,600 in December 2023.
Grand total for all sales was 25 units sold, valued at $15,044,800, in December 2024, compared to 16 units sold, valued at $7,196,000, in December 2023.
In terms of average house prices, in December 2024, it was $723,217, with an average of 78 days on the market, compared to $639,986 in December 2023, with an average of 65 days on the market.
There were 17 new residential listings in December 2024, and three new nonresidential listings, for a total of 20. At the end of December, there were 139 active residential listings and 67 nonresidential listings, for a total of 206.
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