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10 Years ago on the Sunshine Coast

10 Years ago on the Sunshine Coast

Time and Date February 10th, 2013 User by menno@menno.ca Comments 8 Comments

The month of February in the year 2003 was busy with 55 real estate sales of single family homes on the Sunshine Coast. There were other real estate transactions as well (vacant land, condo apartments and multi-family) to a total of a whipping 93 transactions during that month.

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10 Years ago on the Sunshine Coast

10 Years ago on the Sunshine Coast

Time and Date February 10th, 2013 User by menno@menno.ca Comments 8 Comments

The month of February in the year 2003 was busy with 55 real estate sales of single family homes on the Sunshine Coast. There were other real estate transactions as well (vacant land, condo apartments and multi-family) to a total of a whipping 93 transactions during that month.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

Things were quite different, 10 years ago exactly. There were significantly more real estate transactions than today – the prices were also significantly lower but trending up at the same time.

Below is a small selection of real estate deals that “went firm” during that month – now exactly 10 years ago. Enjoy the differences!

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

Sunshine Coast vacant land might have been an excellent investment vehicle.

LAND FOR $5,000, IS THAT EVEN POSSIBLE?

This irregularly shaped lot sold for $5,000, after having been on the market for several years at a much higher price. The circumstances of this sale included another parcel of land that was sold in a package. The exact value of each lot is, therefore, not entirely clear. Marketed by Re/Max top 20 Realty.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

Condo apartments have also gone up tremendously in value over the past 10 years.

A BARGAIN OCEANVIEW APARTMENT CONDO

Just $62,000 for an 800 sq ft apartment condo in the heart of Gibsons was an excellent price, particularly since the unit had an ocean view of sorts.  This was (is) a 2-bedroom unit in an, obviously, great location to everything the village has to offer. This offering was marketed by Prudential Sussex Realty.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

Good strategy to also get land when you're thinking of buying a mobile home.

PENDER HARBOUR AND VERY AFFORDABLE

A nice piece of land (100×200′) in an excellent location within walking distance to the docks and stores. The 1,000 sq ft mobile home was in good condition; another home on this parcel could even have a water view. Took two months to sell for $85,000. Marketed by Pender Harbour Realty.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

Bungalow living may, again, be the preferred dwelling type of future times.

BUNGALOW IN SECHELT

Sold within days for the asking price of $185,400, this bungalow in Sechelt measured almost 1500 sq ft and included three bedrooms and a rec room, a den, a fireplace, french doors and a fenced yard. The 75×150′ lot was full of nice trees: hazel, cherry, maple. Marketed by One Percent Realty.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

Roberts Creek, some call it the Kitsilano of the Sunshine Coast.

RECENT BUNGALOW IN ROBERTS CREEK

It took a few months for this listing to sell at $237,000. The buyers would get 1.5 Acres of lush land and a very recent home with 3 bedrooms and 2 baths. Its location just a few blocks to the beach was also appealing, as was its south-facing ocean view. Marketed by Prudential Sussex Realty.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

There's security of investment when moving into a very nice neighbourhood.

GIBSONS SUBURBAN STYLE HOME

This large and luxurious home was set in one of Gibsons’ more prestigious neighbourhoods. As a four-bedroom home with a double garage, its contemporary architectural style would have appealed to many. The listing sold within weeks for the list price of $319,900. Marketed by Prudential Sussex Realty.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

Waterfront living will probably never go out of style.

WATERFRONT LUXURY

For $610,000, you could have purchased this large luxurious waterfront home in Pender Harbour. The sunset views were spectacular and home was spacious (3,000 sq ft) and comfortable. The home was only six years old and packed with luxuries. Marketed by Pender Harbour Realty.

Time appears to have stood still on the Sunshine Coast - in some respects. Not so with the real estate market, there have been substantial changes here in the past 10 years.

To get an even clearer view of what the real estate market has done over the past 10 years, please enjoy some other issues of this series (links below).

10 Years ago on the Sunshine Coast (January 2003): http://www.menno.ca/?p=19400

Month prior (December 2002): http://www.menno.ca/?p=18943

The results during the month prior:  http://www.menno.ca/?p=18441

How to perform real estate negotiations: http://www.menno.ca/?p=17531

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8 Responses to 10 Years ago on the Sunshine Coast

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