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Sunshine Coast - Land Sales (2014 & Historical)
11-01-2013, 06:31 PM, (This post was last modified: 03-01-2014, 03:11 PM by Skook.)
#1
Sunshine Coast - Land Sales (2014 & Historical)
(Note: 2014 vacant land sales stats begin with post #4 below)

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On October 20th in my ‘SC Listings & Sales 2011-2013’ thread, I posted a September Sales summary prepared by SC Realtor Kenan Mackenzie. He had this to say about last month’s land sales and 2013 year-to-date sales compared to 2012 and 2011:

Quote:There are 436 bare land listing this is down slightly from 2012 when we had 453 listings. Land sales ending September 30 total 45 sales, in 2012 there were 49 sales and in 2011 there were 66 sales. With the current pace of sales this represents an 87-month supply.

So, at the SC’s current sales pace it would take 7 years and 3 months to exhaust the supply of bare land currently on the market. I have been sitting on a graph that I planned to use in a future post; however, I think now I will use it now. As you can see, seven years ago, in 2006 vacant land sales on the SC collapsed.

[Image: attachment.php?aid=511]

According to my data, peak land sales occurred in 2004 at 380 and by 2012 there were only 62 sales. Believe it or not, 2013 will not even reach that abysmal 2012 level.

I have created the following table showing 2013 sales by area. Within these areas, I have separated sales into those less than 1 acre (most “town” subdivision lots would fall here) and greater than or equal to 1 acre (most “rural” lots sold would fall here). This data comes from MLS sales only which may explain why my October year-to-date total is 45 while MacKenzie reached that figure at the end of September (he might have counted commercial land sales). The smallest lot sold in my table was 0.12 acres and largest parcel sold was 66 acres.

[Image: attachment.php?aid=510]

Another 17 land sales would be needed over November and December to reach the 2012 figure and it isn’t going to happen. I think another 10 sales before the year end would be reaching for the stars.

I’m going to stop here for now, but I’ll be adding to this thread in the weeks ahead.


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Sunshine Coast - Land Sales (2014 & Historical) - by Skook - 11-01-2013, 06:31 PM

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