Inventory for Sunshine Coast Real estate continues to be at historically low levels. Younger buyers with families from Vancouver (or farther afield) are still looking to relocate here. These buyers are competing with the traditional retirees, which sets the stage for multiple offers and upward pressure on pricing.
Low inventory of detached homes combined with a busy summer travel season had an impact on the Sunshine Coast real estate market last month. Despite strong demand, many would-be buyers were forced to cancel showing appointments as they were not able to get on the ferry, due to heightened summertime demand.
Busy summer real estate market on BC's Sunshine Coast
The Sunshine Coast real estate market is about to go into overdrive once more. I expect the market to be busy for the rest of the summer as travel restrictions are relaxed and the vaccination rate passes 85%.
Working from home is the new normal so there will be lots of buyers looking to relocate t...
While province-wide restrictions for non-essential travel are still in effect until at least June 15, I believe the launch of BC's Restart plan signals that the Sunshine Coast real estate market is about to go into overdrive once more.
We finished April 2021 with 158 detached homes on the market. May 2021 came to a close with only 125 detached homes...