Mount Coolum House Sale Update

Mount Coolum House Sale Update from Geoff Grover  - Mount Coolum Real Estate

By: Geoff Grover - Mount Coolum Real Estate  05-Dec-2012
Keywords: Real Estate, Property, Residential Real Estate

The volume of house sales in 2012 YTD over 2011 has increased significantly in the Coolum area, by 19% in Coolum Beach and a staggering 53% in Mt. Coolum. Accompanying this boost has been a dramatic shift in the price bands, with sales under $400k up to 36% of the total from 23% and the average price of these has fallen from $379k to $334k. Sales in the $450-$500k band have dropped as a % of total sales by 41% Sales over $600k have dropped as a % of total sales by 43%. The obvious conclusion is that most properties have dropped down to a lower price band, and we have created a new one we haven`t seen for a very, very long time, ie, under $350k. This is the foreseen effect of very aggressive price marketing and once again highlights the absolute need to use your local area expert to value and professionally market your property 2011 2012 YTD Under $400k 23.26% 36.36% $401-$450k 11.63% 16.36% $451-$500k 20.93% 12.73% $501-600k 16.27% 18.19% $600k + 27.91% 16.36% Total 100% 100%

Keywords: Houses for Sale, Property, Property Sales, Real Estate, Real Estate Investments, Realty, Residential Real Estate

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