Vancouver

“Screaming Deals” To Be Had in South Coast and Island Real Estate: Agent

As prices of homes just a ferry ride from Vancouver are now on average $600,000 cheaper than in the city, local Real Estate Agent says buyers are getting wise to the "crazy reality"

By
Business in Vancouver
December 3, 2014






Sunshine Coast homes under $400k
Both of these oceanfront Sunshine Coast homes are listed by local agent John Thompson for less than $400,000, a full $600,000 below the Metro Vancouver average

Home prices on the Sunshine Coast or on Vancouver Island now average about $600,000 less than Metro Vancouver, a look at the latest figures by REW.ca’s sister publication Business in Vancouver shows.

And now buyers, mostly retirees or those seeking a more laid-back lifestyle, are getting wise to what Sechelt Real Estate Agent John Thompson calls “a crazy reality.”

Thompson cites the “screaming deals” that he said dominate the 90 Sunshine Coast properties he has currently listed for sale. These include a three-bedroom renovated house on the ocean at Roberts Creek for less than $400,000  and a four-bedroom Sechelt waterfront home for $349,000 among many others.

In West Vancouver, nine kilometers away by ferry, the average single-family detached home price in November was $1.9 million, according to the latest figures from the Real Estate Board of Greater Vancouver.

To read the full story, click here.


Frank O'Brien is the editor of Western Canada's biggest commercial real estate newspaper, Western Investor, as well as a contributing editor at West Coast Condominium, real estate contributor to Business in Vancouver and a regular media commentator on real estate investment.
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