Buyers are super fast at Freshie
IF YOU are selling a home in Freshwater, Stratford or Caravonica, chances are it will sell quicker than houses listed in leafy Gordonvale or pricey Palm Cove.
According to the latest RP Data Market Trends report, the average time on the market for a house in Freshwater is just 39 days.
Stratford and Caravonica – also near the Cairns CBD – follow closely at 43 days.
For those hoping to sell their abode in the southern suburb of Gordonvale, you may be waiting a little longer to nab a buyer.
The selling time in the suburb sits at 96 days.
While Palm Cove has become the most expensive suburb to buy in the Cairns Freshwater: 39 days Stratford: 43 days Caravonica: 43 days Brinsmead: 45 days Manoora: 48 days Edge Hill: 52 days Woree: 52 days Mt Sheridan: 54 days Westcourt: 59 days Mooroobool: 60 days Kanimbla: 60 days region (the current median house price is an impressive $700,500), those with the funds are taking an average of 91 days to sign a contract.
Palm Cove also happens to be one of the more transient suburbs with homeowners only holding onto their property in the beachside suburb for an average of seven years before it time to hammer in the “for sale” sign.
The good news is, no matter which suburb you live, property in the Far North is selling quicker than most other regional centres.
Houses in the balmy Far North have the second quickest selling time, after the glittering Gold Coast.
FAST MOVER: This home in Freshwater sold for $660,000.