REIQ data shows it takes an average of 100 days to sell a house in Gladstone
REIQ data shows it takes an average of 100 days to sell a house in Gladstone Max Fleet

Gladstone houses take less time to sell

THE time it takes to sell a Gladstone house is getting shorter as the number of properties on offer decreases.

In the 12 months to August 31, it took an average 100 days for houses across the council area to change hands.

The figure was 14 days less than for the previous 12 months when homes were on the market for about 114 days.

Real Estate Institute of Queensland data shows 1612 Gladstone houses were listed for sale in the year to this August, a drop on the previous year when 1729 were on the market.

The average vendor discount on Gladstone houses changed from 9.8% in 2014 to 9.4% in 2015.

The average percentage of profit-making resales dropped over the 12 months from 78% in 2014 to 65% in 2015.

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

Gladstone local government area August 2014-August 2015 house sales

Listings, average days on market, average vendor discount, % of profit-making resales

1612, 100, 9.4%, 65%

Gladstone local government area August 2013-August 2014 house sales

Listings, average days on market, average vendor discount, % of profit-making resales

1729, 114, 9.8%, 78%

Source: REIQ



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