Market Update for May 2014

(June 18, 2014)


Sunshine Coast Detached listings
There are 748 current detached listings up from May. Year to date detached sales ending May 31, 2014 there were 188 detached sales, in 2013 there were 201 sales and in 2012 there were 228 sales for the same time period. The current market’s hot price range is below $400,000, with 112 sales occurring in this price range. With the current pace of sales this represents a 20 month supply of listings.

Sunshine Coast Attached Listing
There are 179 current attached listings. Attached sales ending May 31, 2014 there were 42 sales, in 2013 there were 39 sales and in 2012 there were 41 sales for the same time period. With the current pace of sales this represents a 21 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 434 bare land listing. Land sales ending May 31, 2014 there were 15 sales, in 2013 there were 22 sales and in 2012 there were 26 sales. With the current pace of sales this represents a 144 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 51 sales
• $301,000 to $400,000 with 61 sales
• $401,000 to $500,000 with 21 sales
• $501,000 to $600,000 with 23 sales
• $601,000 to $700,000 with 9 sales
• $701,000 to $ 800,000 with 10 sales
• $801,000 to $900,000 with 1 sales
• $901,000 to $1,000,000 with 5 sales
• 7 sales over a $1,001,000 this month

Wow, things opened up in April with 70 detached sales occurring in the month with 4 sales over a million dollars. We are still down from the previous year’s sales but April was a banner month and the first few days of May are pointing to a busy month. Doing an unofficial poll it seems about 60 % of the buyers are from the Sunshine Coast and 40 % from off the Coast. It seems buyers are waking up to the deal that the Sunshine Coast has to offer. Buyer ‘s if you are looking for a great deal the Sunshine Coast it is a spot to invest, history shows us that it will not last and the Seller will be in the driver’s seat soon.

– Kenan