The Local Weekly The heart and soul of our communities with news and information about the Sunshine Coast
Detached listings
There are 533 current detached listings and 450 sales year-to-dates. The current market’s hot price range is between $301,000 and $400,000, with the 138 of the sales occurring in this price range. With the current pace of sales this represents a 13 month supply of listings. Comparing the previous year’s detached sales, in 2011 for the same time period we had 440 sales.
Attached Listing
There are 148 current attached listings and 85 sales year-to-date. With the current pace of sales this represents a 19-month supply of listings. Comparing the previous year’s attached sales, in 2011 for the same time period, we had 89 sales.
Land listing
There are 373 bare land listing and 61 sales year-to-dates. With the current pace of sales this represents a 65-month supply. Comparing the previous year’s bare land sales, in 2011 for the same time period we had 75 sales. I still feel this is great area for investment some of the lot prices will not cover the cost of servicing the lot.
We are seeing some seasonal softness in the market and I would not be overly alarmed if in the next year we should see some improvement in overall confidence. The baby boomers who dreamed of early retirement till the stock market crash of 2008 are still working but they will start retiring and taking advantage of the excellent home prices on the Sunshine Coast soon.
