THE time it takes to sell a Sunshine Coast house is getting shorter despite an increase in the number of properties on offer.
In the 12 months to August 31, it took an average 85 days for houses across the council area to change hands.
The figure was two days less than for the previous 12 months when homes were on the market for about 87 days.
Real Estate Institute of Queensland data shows 7476 Sunshine Coast houses were listed for sale in the year to this August, an increase on the previous year when 7074 were on the market.
The average vendor discount on Sunshine Coast houses remained the same at 5.6%.
The average percentage of profit-making resales rose over the 12 months from 82% in 2014 to 89% in 2015.
In Noosa, 2031 houses took an average 104 days to sell in 2015, compared to 2025 taking an average 107 days the previous year.
Profit-making resales are where a home is bought and then resold within 12 months for a profit.
Vendor discount refers to the difference between the price a property sells for and the price it was first advertised at when it was put on the market.
The figure is an average of all non-auction sales selling for less than their initial asking price. –
BY THE NUMBERS
Sunshine Coast local government area August 2014-August 2015 house sales
Listings, average days on market, average vendor discount, % of profit-making resales
7476, 85, 5.6%, 89%
Sunshine Coast local government area August 2013-August 2014 house sales
Listings, average days on market, average vendor discount, % of profit-making resales
7074, 87, 5.6%, 82%
Noosa local government area August 2014-August 2015 house sales
Listings, average days on market, average vendor discount, % of profit-making resales
2031, 104, 6.5%, 87%
Noosa local government area August 2013-August 2014 house sales
Listings, average days on market, average vendor discount, % of profit-making resales
2025, 107, 6.7%, 81%
Source: REIQ
