October Market Update

Falling interest rates and easing prices are setting the tone for a more optimistic fall market across BC. Following another Bank of Canada rate cut, borrowing costs are becoming more manageable, giving buyers renewed confidence heading into the season. Greater Vancouver REALTORS® reported modest year-over-year gains in September, while the Sunshine Coast mirrored this trend with steady sales and higher inventory across all housing types — a clear sign that the fall market now favours buyers.

Detached sales rose 10.5% year-over-year (42 vs. 38), while active listings edged down 1.6% to 479. The benchmark price slipped 1.7% to $873,300, showing mild softening rather than steep correction. Average days on market climbed to 80, up nearly 38%, suggesting homes are taking longer to sell. With a sales-to-active ratio of 8.8%, detached homes remain in buyer’s market territory, giving purchasers more room to negotiate. Sellers will need to stand out through pricing strategy and property presentation.

Townhome activity stayed consistent year-over-year with 4 sales, but inventory jumped 71% to 53 listings. The benchmark price of $748,600 was down just 1.1%, showing relative stability amid supply growth. Average days on market dropped to 56 days, suggesting buyers are acting quickly on well-positioned listings. However, a sales-to-active ratio of 7.5% underscores that townhomes, too, sit in buyer’s market range.

Condo sales held steady at 4, but listings climbed 71% to 53. The benchmark price dropped 12.5% to $460,600, marking the steepest annual decline among all segments. The average days on market fell to 93 from 142, hinting that competitively priced units are moving while others linger. With a sales-to-active ratio of 10%, condos also lean firmly toward a buyer’s market, offering value-driven opportunities for downsizers and first-time buyers.

Gibsons & Area — Leaning Toward Buyer’s Market (≈11 months of inventory)

With 10 detached sales and 112 listings, Gibsons sits firmly in buyer’s territory. The benchmark price of $887,100 fell 3.9% year-over-year. Most of the oversupply lies in the $900K–$1.5M range, while entry-level listings continue to attract solid attention.

Sechelt District — Balanced, but Tilting to Buyers (≈10 months of inventory)

16 sales and 161 listings place Sechelt near a year of supply. The benchmark price of $847,400 dipped 0.8%, suggesting relative price stability. Homes below $1M remain the most active, while listings above $1.5M see limited movement.

Roberts Creek — Low Volume, Buyer’s Market (≈18 months of inventory)

Only 2 sales among 37 listings translate to one of the softest markets on the Coast. The benchmark price of $979,200 is down 3.3% year-over-year, with a glut of inventory between $1M–$1.5M. Buyers have plenty of leverage here.

Halfmoon Bay / Secret Cove / Redrooffs — Balanced to Slight Buyer’s Market (≈12 months of inventory)

With 5 sales and 61 listings, supply sits near one year. The benchmark price of $921,400 is nearly flat (-0.9%). Activity concentrates below $1M, while upper-end listings above $1.5M move more slowly.

Pender Harbour / Egmont — Buyer’s Market (≈9 months of inventory)

The area saw 9 sales and 82 listings, with the benchmark at $797,400 (no change year-over-year). Demand is steady under $800K, but higher-end homes remain sluggish. Buyers continue to prioritize value and waterfront opportunities.

🧭 Takeaway

Across the Sunshine Coast, months of inventory range from 9 to 18, confirming broad buyer’s market conditions. Prices are easing modestly, and activity is steady but deliberate. With high selection and improving financing conditions, buyers have the upper hand this fall — while motivated sellers can still achieve solid results through sharp pricing and strong presentation.

👉 For a closer look at what’s happening in the luxury market, check out the article next to this one for deeper insights into that segment.

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