“Real estate watchers have been monitoring the data for signs of renewed strength in demand in response to recent mortgage rate reductions, but the September figures don’t offer the signal that many are watching for,” Andrew Lis, GVR’s director of economics and data analytics said. “Sales continue trending roughly 25 per cent below the ten-year seasonal average in the region, which, believe it or not, is a trend that has been in place for a few years now. With the September data, sales are now tracking slightly below our forecast however, but we remain optimistic sales will still end 2024 higher than 2023.”
The last few weeks our team has been involved in many transactions, mainly as Buyers agents on the Sunshine Coast. Buyers are still willing to make a move but they want to feel like they’re getting a deal. We have even seen multiple offers on properties that have sat on the market for quite some time. We are happy to say our last detached sales in Sechelt, we were able to successful negotiate a chunk off of the purchase price for our clients. If you’re looking to buy or sell on the Sunshine Coast, please reach out. We are always happy to help or just chat without any pressure or commitment.