The Local - Thursday, May 3, 2012 7
Market update for April Real Estate Tips Kenan MacKenzie Sunshine Coast Real Estate News
etached listings: There are 621 current detached listings and 142 sales, year-to-date. The current market’s hot price range is below $400,000, with 77 of the sales occurring in this price range. With the current pace of sales this represents a 17-month supply of listings. Comparing the previous year’s detached sales, in 2011 for the same time period we had 148 sales. The detached listing inventory climbed but with an increase of sales volume in March, the market supply decreased over the previous month.
Attached Listing: There are 145 current attached listings and 26 sales year-todate. With the current pace of sales this represents a 22-month supply of listings. Comparing the previous year’s attached sales, in 2011 for the same time period, we had 35 sales. Attached listings represent strata unit apartments, condos and townhouses. Attached listings climbed over January with the market supply. Land listing: There are 417 bare land listings and 15 sales year-to-date. With the current pace of sales this represents an 11-month supply. Comparing the previous year’s bare land sales, in 2011 for the same time period, we had 31 sales. Increase in sales over the previous month led to
a sharp decrease in the monthly supply. Well, April was a better month and the market seems to be getting warmer than the weather for May. The area of the market that is hottest is the up to $400,000 group, representing 77 sales. In the $400,000 to $500,000 there were 35 sales; $500,000 to $600,000 had 9 sales; $600,000 to $700,000 had 11 sales; $800,000 to $900,000 had 3 sales; $900,000 to $1,000,000 had 4 sales and only one sale over a $1,000,000 this year. Next week we’ll have a look at mortgage rates. Keep the letters coming in regards to improving the ferry service: Change will only come about if we make ourselves heard.
Mom and twins entertain at coffeehouse The Artesia Coffeehouse April 27 at the Sunshine Coast Arts Centre played to an appreciative crowd with four sets of live entertainment including Denise Olson and her twin daughters, Mira and Angie Sheppard, (left). Also playing were Keely Halward, Mick Bryant, Michelle Bruce and Lowry Olafson. The May 25 coffeehouse will be the last this season.
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