So last year by the end of March there were 7 total residential sales on Pender Island. This year we are at 6 so that is down by one unit or approximately 14%. So it looks like we may be on track to make last year's numbers since a one unit fluctuation is easy to make up. Buyers seem very price motivated so those great deals are the ones getting all the attention. I have broken this year's sales down by price point so you can see what area of the residential real estate sales market is the most active.
When we look at the data above showing what price point each of the six residential real estate sales that happened as of March 31, 2013 we see that three units sold between $101,000.00 and $200,000.00. This is what I would consider the entry level. They are usually recreational properties or sometimes renters jumping into the market. One of these sales was waterfront which was a full unit at Currents. The cost of these are lower because there are monthly strata fees that are required for as long as you own the unit.
This graph above shows us the residential real estate sales on Pender Island and compares the overall sales to the waterfront sales specifically.
If you have any questions about these stats or Real Estate, Property Management or Strata Management on Pender Island please feel free to email me at email@example.com and I would be happy to try and answer your questions.