The Sunshine Coast real estate market is off to an active start in 2025, reflecting some of the broader trends seen across the Greater Vancouver region. Home prices are on the rise in most categories, inventory levels remain well below last summer’s peak, and buyer activity continues to show signs of resilience despite shifting market conditions.
Home Prices: Continued Growth in Detached Homes, Stability in Other Segments
The benchmark price for all property types on the Sunshine Coast reached $856,000 in January, marking a 6.9% increase from last year and up from $832,000 in December. This aligns with broader market trends, where price stability and modest increases are becoming more common.
- Detached homes saw the strongest growth, with the benchmark price reaching $924,000—a 7.8% increase year-over-year and up from $897,000 in December.
- Apartments, however, continue to see some downward pressure, with a benchmark price of $488,600, representing an 8.8% decline from last year. However, there was a month-over-month increase from $467,300 in December, suggesting some stabilization.
- Townhomes are holding steady, with a 2.9% year-over-year increase to $738,700. However, this is a slight decline from $747,100 in December, which could indicate buyer sensitivity at this price point.
Inventory: Well Below Mid-2024 Peaks
One of the biggest factors shaping the Sunshine Coast market right now is inventory. While active listings are higher than this time last year, they remain well below the peaks seen in July 2024, when inventory was at its highest.
- Total active listings: 361, up 15.7% year-over-year but down significantly from the peak of 606 in July 2024.
- Detached homes: 292 active listings, up 10.6% from last year, but much lower than the 519 listings seen in July.
- Attached properties (townhomes & condos): 64 active listings, a 42.2% increase year-over-year, though down from 81 listings in July 2024.
This decline in available homes, particularly in the detached segment, could contribute to continued price stability or growth in the coming months.
Sales Activity: Buyer Demand Shows Strength, but Price Sensitivity Remains
Sales activity is another important indicator of market health, and the Sunshine Coast saw mixed results in January.
- Detached home sales: 29 sales, up 38.1% year-over-year, showing strong buyer interest despite a slight dip from 35 sales in December 2024.
- Attached home sales ( townhomes & condos ): 4 sales, a 42.9% decrease from last year, but holding steady compared to December.
The fact that detached homes are seeing more activity suggests continued demand for single-family properties, while the attached market may still be adjusting to affordability constraints and buyer hesitation.
One trend worth noting is the increase in days on market, which signals that buyers are taking more time to make decisions.
- Detached homes: Median 76 days on market, reflecting a longer sales cycle.
- Attached homes: Median 83 days on market, indicating buyers are being more cautious in this segment.
How This Compares to Greater Vancouver
The Sunshine Coast’s price trends and inventory levels align with the broader Greater Vancouver market, where more sellers are coming to market, and buyers are showing steady but selective demand. While the overall market remains balanced, certain segments—particularly detached homes—continue to show resilience.
With inventory remaining lower than peak levels, and sales activity maintaining momentum, the Sunshine Coast market is likely to see continued strength in pricing, especially in the detached segment. However, extended days on market suggest that strategic pricing and preparation will be key for sellers in 2025.
If you're considering buying or selling, now is a great time to assess where you stand in the market. Reach out for a personalized market analysis to see how these trends impact your property goals!