Prudent home buyers are elbows up this spring

Sunshine Coast Real Estate Sales Statistics for March 2025

Sales over the month of March 2025 remained steady with no significant gains or losses compared to this time last year.  While the situation must be closely monitored, we are NOT seeing the economic instability being generated from down south translating into disaster!  There is a more cautious approach being displayed by the buying public in general. Nonetheless, we carry on albeit with “elbows up.”

Fully detached sales were up 1% in dollar volume to $36,000,000 and unit sales are down 11% to 31 homes sold in March.  The amount of inventory is up 7% to 362 available homes for sale.  Therefore our sales success ratio (the amount of sales versus the available inventory in a given month) is 8.5% making it, statistically, a buyer’s market.  

Year to date we see an increase in dollar volume by 12% to $102,300,000 and unit sales are up 13% to 99 homes sold.  

The average price for a home last month was $1,160,000 while the median sale price was $905,000.

Condos & Town Homes sales were up by 22% in dollar volume to $6,875,000 and unit sales were up 12% to 9 homes sold.  Inventory is up 29% to 84 available condos or town homes for sale.  Therefore our sales success ratio is 11% putting this segment of the market (just) in balanced territory.  

Year to date we are up 2.5% in dollar volume to $15,650,000 and unit sales are down 4% to 22 homes sold so far in 2025.  

The average sale last month was $720,000 while the median sale price was $762,000.

Land only sales were down by 66% in dollar volume to $825,000 and unit sales were down 71% to 2 bareland properties sold last month.  Inventory in this segment of the market is up 18% to 121 available lots.  

Year to date we are down 79% in dollar volume to $1,990,000 and unit sales are down 66% to 6 properties sold.

Sellers should make sure they are ready for market with curb appeal and interior “wow” factor.  Nothing stymies a sale more than deferred maintenance!

Buyers should be negotiating hard for a good mortgage rate and when you find what you like act quickly.  I have seen some well priced homes come to market that sell right away.  If the price is right and the property shows well, homes will sell quickly.

For market intelligence contact Russ and Jon at Coast Lifestyles Network.