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Sunshine Coast's Million Dollar Babies: Hush now, don't you cry!
12-05-2013, 08:56 AM, (This post was last modified: 12-05-2013, 08:58 AM by Skook.)
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RE: Sunshine Coast's Million Dollar Babies: Hush now, don't you cry!
December 5, 2013 Update:

After October's big, fat two sales, not one $1mill+ property sold in November; so, the year-to-date sales total remains unchanged at 15 and since there were no sales in November 2012 the sales comparison between this year and last year also remains unchanged at -25%.

[Image: attachment.php?aid=575]

The number of Active Listings for these dream digs has dropped significantly over the last few months. October opened at 94 and ended at 88; November opened at 85 and ended at 76; and December opened at 69 and remains at the level today. I have noticed when I check the daily stats, that it is rare to see price drops for these properties. I just went through the listings and only about a half dozen have dropped their prices at some point.

I did a random sampling and some the 'Asking Price Premiums' (List price vs Assessment) are in the stratosphere which likely means they paid a stupid price for the property to begin with. A few are very close to assessemnt which likely means they really want to sale. However, I don't think any of these sellers want to face the fact the day may come when they will have to accept a negative APP to unload. Unless, of course, they're all waiting for the dollar to drop to 70 cents vs the USD then they can sell to an American looking for a 5000sf waterfront "cottage." Of course, if the stock market is now a bubble....well, this could get interesting.


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RE: Sunshine Coast's Million Dollar Babies: Hush now, don't you cry! - by Skook - 12-05-2013, 08:56 AM

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