It is an excellent time to be buying a property with many options to choose from and interest rates remaining competitive. For Sellers wanting to change properties it is also advantageous to move within the same market conditions. There are currently 179 detached properties listed for sale, 255 attached and 51 vacant land listings. The average list price for a detached property is $792,000 for 3 bedrooms/2 baths & 2500 sqft. The average attached property is currently $408,000 for 2 bedrooms/1 bath & 1243 sqft. For vacant land listings under $350,000 the average is a 8150 sqft lot for $306,000.
For the period from October 1st to November 15th there were 7 detached home sales with a high of $879,000 and an average of $549,000 for a 2300 sqft 3 bedroom, 2 bath house. During the same time frame 5 attached properties sold with a high of $345,000 and an average of $318,000 for an 1100 sqft 2 bedroom, 1 bath unit. There was one vacant land sale for $199,000.
Compared to the same period last year it is clear there has been a shift in the volume of sales. The year to date sales and averages for January 1st to November 15th over the last 3 years are outlined below.
2008 2007 2006
Detached 151 244 244
Average $506,000 $471,000 $410,000
Attached 194 378 279
Average $365,000 $342,000 $301,000
Land 19 52 19
Average $405,000 $295,000 $405,000
If you would like up-to-date market information for the Sea to Sky Corridor please feel free to contact me at anytime.