Market Minute - June 2019

Between January 2018 and June 2018, the Sunshine Coast saw 458 sales and an average house sale price of $736,000. The median time on market was 29 days.

Let’s compare that to 2019. So far this year, we’ve seen 183 fewer sales and the average house price has dropped to $690,000. Median time on market has grown to 42 days. Fewer homes are selling for less money and it’s taking longer to do so.

If you’re thinking about selling, you’ll need to accept that we’re currently in a buyer’s market and price your property accordingly.

Avoid leaving “negotiating room” in your list price as this could result in you chasing the market down. This happens when a seller resists reducing their property’s list price for so long that, once they finally adjust it, the property value has dropped below the new adjusted price. This cycle leads to homes taking longer to sell and selling for less than they would have had the property been appropriately priced to start with.

Call me when you’re ready to sell and we can discuss my pricing and marketing strategy that’s designed to sell your home as quickly and for as much money as possible.