Sunshine Coast, February 2020

The sales statistics for February are in. There were 31 sales of detached housing. That’s up from the 21 sales noted in January, but down from February of 2019. This marks the 1st month in the past 6 where the sales total is down from last year. The Benchmark Price – that is, the price of an average home in an average area – decreased 1.4% to $556,900, representing a drop of almost $80,000 from our peak Benchmark Price of $634,000. Condo and apartment sales were up slightly , showing 10 sales vs 7 sales in January, but falling short of January 2019’s total of 13. With land, there were 7 sales last month, a substantial improvement over the 4 sales we saw in January and also better than the 3 sales in February of last year. Prices for both attached and land remain stable. The listing supply of detached homes continues to be of some concern. There are currently only 272 homes on the market and the number of new listings taken this year is also down 10% from 2019