A New Year is upon us but how did the last one do?

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Well the market is still ticking along with steady sales and price growth continuing, but moderating.

The greater Samford area properties continue to have twice the buyer interest than the Queensland average (information from REA). The current demand would appear to be above the supply and as a result values have been rising over the current year. If interest rates are kept on hold or even reduce further by the Reserve Bank then this steady growth pattern should continue.

In 2009 the Average price for a home in Samford Valley was $710,000. The current average price is $805,000 (RP Data). Based on these figures house price values have increased by 13.38% since 2009; if you take into account inflation then the true growth in Samford Valley is approximately 2.9% since 2009. This figure is above the Queensland average growth after factoring in inflation of -0.8% thus indicating Samford remains a strong location for capital growth over the long term.

Below are the Samford & Dayboro property statistics last updated 26th January 2015 (R P Data)

According to statistics released by RP Data in the last 12 months Samford Valley has seen:

  • 34 Homes Sold
  • Median sale price of $805,000
  • With an average days on market of 114.

Highvale:

  • 27 Homes Sold
  • Median sale price of $730,000
  • With an average days on market of 91.

Wights Mountain:

  • 10 Homes Sold
  • Median sale price of $781,550
  • With an average days on market of 123.

Camp Mountain:

  • 12 Homes Sold
  • Median sale price of $767,500
  • With an average days on market of (no Data).

Samsonvale:

  • 12 Homes Sold
  • Median sale price of $742,000
  • With an average days on market of (no Data).

Dayboro:

  • 45 houses sold
  • $452,500 median sale price
  • 92 average days on market

With the New Year buying period upon us if the world markets continue to stabilise and grow then the long term should see continued growth in the local market home values.