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Real estate prices up, sales down

Real estate prices up, sales down

A summary of residential real estate sales on the Sunshine Coast during 2017 shows a drop in sales of 26.3 per cent. But the median price of the properties that were sold was up 26.6 per cent.

Graphs prepared by Gary Little of Sussex ROYAL LePAGE show that sales of detached dwellings last year totalled 695, down 24.7 per cent from the 923 sales in 2016. The median price of the detached dwellings jumped 24.5 per cent to $620,000, up from $498,000.

Sales of apartments, and other attached dwellings, were essentially the same: 232 sold in 2016 and 234 in 2017. But the median price of the attached dwellings jumped 29.8 per cent to $383,200, up from $295,330 in 2016.

Sales of vacant land dropped 48.2 per cent to 200 lots in 2017, down from 386 the previous year. And, again, the median price for lots was up sharply, rising 46.7 per cent to $286,000 in 2017, compared to $106,500 in 2016.

All the charts and graphs can be seen on the stats page at http://stats.GaryLittle.ca/

Staff

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