Sunshine Coast, BC  July 2019

There were 63 sales of detached homes. That’s up significantly from 44 in June and 54 in July of last year. This marks just the second month of the last 17 where the monthly sales total is more than the corresponding month from the year before. However, the YTD total is 276, down 16% from 330 sales in 2018. The Benchmark Price – that is, the price of an average home in an average area – dipped .5% to $596,000. That makes it 3 months in a row the Benchmark Price has dropped. Despite July’s increase of detached housing totals, we continue to have trouble reading the market. We have slow weeks followed by busy weeks; slow months, like June, followed by busy months, like July. We’re describing the market as ‘uncertain’. Land sales continue to struggle, with just 2 sales in July. The YTD sales are also down – 41 compared to 89 sales last year. The condo and apartment market rebounded nicely in July with 13 sales, 6 more than June. However, the YTD total of 89 is still 11% less than last year’s total of 100. Once again, prices for land and attached appear to be unchanged by the slower activity.