Market Update for July 2014

(August 09, 2014 )


Sunshine Coast Detached listings 

There are 762 current detached listings on the Sunshine Coast this is up from June. Year to date detached sales ending July 31, 2014 there were 313 detached sales, in 2013 there were 295 sales and in 2012 there were 328 sales for the same time period. The current market’s hot price range is between $300,000 and $400,000 with 111 sales occurring in this price range. With the current pace of sales this represents a 17 month supply of listings.

Sunshine Coast Attached Listing

There are 201 current attached listings. Attached sales ending July 31, 2014 there were 63 sales, in 2013 there were 54 sales and in 2012 there were 58 sales for the same time period. With the current pace of sales this represents a 22 month supply of listings .Attached listing represents strata unit apartments, condos and townhouses. Attached sales are up slightly over the previous year

Sunshine Coast Land listing

There are 476 bare land listing. Land sales ending July 31, 2014 there were 31 sales, in 2013 there were 32 sales and in 2012 there were 42 sales. With the current pace of sales this represents a 107 month supply.
The Stats below are for detached sales only and for the entire Sunshine Coast for the month of April

• $000 to $300,000 with 75 sales
• $301,000 to $400,000 with 111 sales
• $401,000 to $500,000 with 47 sales
• $501,000 to $600,000 with 38 sales
• $601,000 to $700,000 with 14 sales
• $701,000 to $ 800,000 with 15 sales
• $801,000 to $900,000 with 2 sales
• $901,000 to $1,000,000 with 5 sales
• 9 sales over a $1,001,000 this month

Inventory grew across all areas of the market in July and sales did not. If you were priced over $700,000 in July you probably still own your home with only 7 sales occurring above $700,000. and 202 homes for sale to compete with on the Sunshine Coast. Still Realtors were busy with showing Buyers and there is interest for homes on the Coast. The summer is noted for being a slower market with Buyers and Realtors taking advantage of the lovely summer weather. Here is looking forward to a busy fall market.

– Kenan