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SC Listings & Sales 2011-2013
10-20-2013, 10:56 AM, (This post was last modified: 10-20-2013, 11:20 AM by Skook.)
#24
RE: SC Listings & Sales 2011-2013
Speaking of the Coast Reporter's bi-weekly real estate insert (see post above), it included an excellent end of September wrap-up of the Sunshine Coast real estate market in the October 11, 2013 edition. I have already used its land listing supply data for a post in another thread. I am going to post the entire piece here and commend the Realtor responsible for being so honest with the facts thus giving us a clear picture of the health of real estate on the SC.

Quote:September, 2013 Market Update
SC Realtor Kenan MacKenzie, Prudential Sussex Realty


Sunshine Coast Detached Listings:
There are 672 current detached listings in the same period last year we had 675 detached listings. Detached sales ending September 30 total 367, in 2012 there were 382 sales and in 2011 there were 379 sales. The current market’s hot price range is below $400,000, with more than half the sales occurring in this price range. With the current pace of sales this represents a 16-month supply of listings; we have one more month of supply over 2012.

Sunshine Coast Attached Listings:
There are 139 current attached listings this is up slightly over 2012 when in the same period we had 163 attached listings. Attached sales ending September 30 total 70, in 2012 there were 75 sales and in 2011 there were 84 sales. With the current pace of sales this represents a 18-month supply of listings. Attached listings represent strata unit apartments, condos and townhouses. Attached sales are down slightly over the previous year

Sunshine Coast Land Listing:
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.

September overall was rather flat. We can see by the stats that to date 2013 all sales are down. The market for detached sales has been fairly consistent over the last three years down slightly by 13 sales from 2011; attached sales are down 14 sales from 2011; and, in raw land sales are down by 21 sales almost a third from 2011.
  • $000 to $300,000 with 92 sales
  • $301,000 to $400,000 with 114 sales
  • $401,000 to $500,000 with 66 sales
  • $501,000 to $600,000 with 39 sales
  • $601,000 to $700,000 with 20 sales
  • $701,000 to $ 800,000 with 14 sales
  • $801,000 to $900,000 with six sales
  • $901,000 to $1,000,000 with three sales
  • Over $1,001,000 with 13 sales
We are starting to see the seasonal adjustments of our inventory. Across the board our listings inventory fell during the month of September. I would like to say this is due to sales but it is property owners taking their homes and property off the market for the winter. Only to return and try again in the spring with the return of daffodils so will be the real estate signs. The thing is we have buyers who look all year round and the seller who braves the winter will have less competition.

So, based on Mr. MacKenzie's single detached home sales data, 2013 sales to date (367) are 3.9% (-3.9%) lower than the same period in 2012 (382). This is a significant drop if we are to believe that 2012 sales were as bad as the media leads us to believe.

I will be looking forward to reading Mr. MacKenzie's next 'Real Estate Reflections' in November. Here's hoping he isn't ostracized for being a 'lone wolf' in presenting the honest facts to us all.
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Messages In This Thread
SC Listings & Sales 2011-2013 - by Skook - 04-08-2013, 01:33 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 04-09-2013, 07:38 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 04-12-2013, 04:13 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 05-01-2013, 04:22 PM
RE: SC Listings & Sales 2011-2013 - by susanu - 05-04-2013, 02:33 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 05-05-2013, 11:32 AM
RE: SC Listings & Sales 2011-2013 - by punnoval - 08-31-2013, 03:59 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-31-2013, 04:49 PM
RE: SC Listings & Sales 2011-2013 - by punnoval - 08-31-2013, 05:02 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-31-2013, 05:48 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 06-01-2013, 08:29 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 06-13-2013, 11:27 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 07-01-2013, 11:42 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 07-20-2013, 12:58 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-01-2013, 09:12 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 08-12-2013, 01:03 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 09-12-2013, 01:58 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-01-2013, 12:30 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-09-2013, 01:46 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-17-2013, 03:09 PM
RE: SC Listings & Sales 2011-2013 - by punnoval - 10-19-2013, 08:56 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-20-2013, 09:40 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-20-2013, 10:56 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 10-29-2013, 11:24 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-01-2013, 04:31 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-16-2013, 06:14 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-25-2013, 01:37 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 11-29-2013, 01:09 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-03-2013, 07:16 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-05-2013, 02:42 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-05-2013, 08:15 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-16-2013, 06:09 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-21-2013, 07:48 AM
RE: SC Listings & Sales 2011-2013 - by Skook - 12-27-2013, 02:37 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 01-04-2014, 01:45 PM
RE: SC Listings & Sales 2011-2013 - by Skook - 01-07-2014, 10:52 AM

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