Home price index for December 2023

Happy New year!!

Seriously? Can you believe it's now 2024..........Wow!

As I've mentioned previously, I'm not much of a blogger. I would say that's rather apparent since my last blog was years ago!

However, I thought I would try it this year. Something different with, hopefully, some interesting content.

The market here on the Sunshine Coast (that's BC btw, not Austraila) has been quite sluggish since about July of 2023.

Most believe it's due to the increase in interest rates, which I won't argue. It probably is the main cause of the slow down.

Even with this though, some areas are still super busy. The Vancouver market has not slowed down much at all.

Believe it or not, it remains mainly a Seller's market here on the coast. During a "normal, stable market" we generally carry approx 500-600 listings. Give or take :-)

This is just detached homes, no condos, townhomes, or bare land.

As of today we have exactly 237 listings. Let that sink in for a moment............

Benchmark price for December 2023:

Single Family Detached home - $826,400

Townhome - $753,200

Condos - $616,400

I would love to hear your thoughts on this and what you think the market will do once we hit spring.

If your curious what your home is worth, or perhaps you are considering buying a home? Either way, I'd be happy to answer any questions you may have, and/or provide you with a free home evaluation of the present market value.

Warmest regards,


Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.