Mike Carson

Your local Sunshine Coast Realtor

Cell 604-740-1841

Office (24 hour pager) (888) 385-3295

Email: mikecarson604@gmail.com

MARKET RECOVERY

"The strong recovery in sales activity continued in July," said BCREA Chief Economist Brendon Ogmundson in the recently released press release, https://www.bcrea.bc.ca/wp-content/uploads/2020-07.pdf "Increased demand for more living space combined with an undersupplied market is producing significant upward pressure on home prices, particularly in the market for single-family homes."


That remark concerns the entire province, but if you break down the geographic areas you will see that the lower Sunshine Coast is still where the deals are to be had.  (In the graphic shown at the right, we are lumped in with Greater Vancouver).  Powell River has experienced a 30% increase in prices, while we on the Lower Coast have only risen less than 5%.  Check out the complete report on lower Sunshine Coast stats under "Market Statistics" here on my blog, http://sunshinecoastland.com/sunshine-coast-market-statistics.html

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