The sizzling summer market is cooling down and the numbers show we are now entering a balanced market, at least for single detached homes and condos. Townhomes remain in a seller’s market. The sales-to-active listings ratio was 22 per cent for detached homes, 20% for condos, and 48% for townhomes.
There were 321 active listings for single detached homes on the Sunshine Coast in August, representing a 43 per cent decline compared to August last year. The 72 sales for the month was up by 16 percent over last year, though, and averaging 51 days on the market. The benchmark price was $475,500, up 26% over August last year. That is a pretty hefty increase.
The 7 condo sales in August represented a 16 percent increase over this time last year, and the 11 townhome sales a whopping 175% increase.
See the complete report here: