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2015 Sunshine Coast Monthly Sales Stats
04-16-2015, 09:23 AM, (This post was last modified: 04-16-2015, 09:50 AM by Skook.)
#4
RE: 2015 Sunshine Coast Monthly Sales Stats
Detached Sales-to-List Ratio:

Local Realtors© are suddenly making a big deal out of the SC having a “balanced” market when my Sales-to-Listing chart has shown a balanced market since our 2007 real estate melt down. Mind you in the last few years, the market barely snuck into balanced territory, but it was in there none the less. So, how are we doing so far this year?

Let’s start with an historical overview for the January, February, and March sales-to-list ratios going back to 2001. I’ve stuck this in for interest sake because on month-to-month basis I don’t think it means a whole lot because of that relationship between sales and new listings. But, it gives you something to think and talk about.

[Image: attachment.php?aid=1114]

What’s of more value, in my opinion, is the year-to-date sales-to-list ratio. At the end of March, we’re standing at 38% - barely into balanced market conditions. This is despite three months of substantially higher sales compared to past years.

[Image: attachment.php?aid=1115]

The REBGV Sunshine Coast Detached chart directly below on the left explains why we’re at 38% - it’s because of the new listings added over the first three months particularly in March (dark blue column) – definitely up compared to a year ago.

However, what’s more noteworthy in that chart is the level of total active detached listings which are down significantly from last year. At the end of March 2013, the figure came in at 677 and one year it’s 544 – a difference of 133 (data source: Realtor© Gary Little’s listing map).

If this lower supply of detached homes continues, we could eventually see a turnaround in falling home prices, but only if demand holds at present levels or greater. In the short term, we could see prices level out or inch up in certain price ranges depending on current supply. Those good old market forces of “supply and demand” will dictate.

[Image: attachment.php?aid=1116]

This completes the January to March 2015 SC sales stats postings. I need a drink – I’m sure you do, too.

******************************

I would like to add just a few more words. I have no idea how long I will continue to post. I’m doing okay, but I’m very tired. I’ll drop everything else and stick solely with stats if I find it too much. As well, I’m not sure how much life is left for the forum. It exists through the generosity of another not me. Perhaps by the end of year, we will both be “done like dinner.” So, I suggest if there are stats or any other info you would like to keep then grab it now while the getting is good. Smile


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RE: 2015 Sunshine Coast Monthly Sales Stats - by Skook - 04-16-2015, 09:23 AM

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