Boom! $1 million house sale sets new record for Nambour
The four-bedroom house in Nambour Heights sold in less than a week and attracted 10 offers.
RE/MAX Nambour has made real estate history after a home topped the $1 million mark recently.
Agency Principal Tristan Brown said the sale heralded a bright future for the already-blossoming local real estate scene and predicted more records would tumble after 9 Pearl Parade, Nambour, sold for over $1.15 million.
It was the first time a house on 1000m2 or less had sold for more than $1m in Nambour which has a median house value price of $533,493. In 2017 Nambour’s median house price was just $360,000 and weekly incomes about $300 less than the rest of the Sunshine Coast.
Mr Brown said Nambour was becoming a more desirable postcode for people priced out of other Sunshine Coast suburbs.
“It’s further recognition of the gentrification that is occurring in our area. Nambour offers a great relaxed lifestyle, it’s only 20 minutes to the beach, 10 minutes to the hinterland and still presents great value for buyers.
“Despite the uplift in pricing, buyers are continuing to recognize value in comparison to neighbouring suburbs. People are commenting on the excitement and fresh energy that is permeating through Nambour. It’s an area that is on the rise and is full of potential.”
RE/MAX Nambour’s Tristan Brown
Mr Brown said he received 10 offers, eight of those being for more than $1m. The home was sold to a Brisbane buyer after offers came from Sunshine Coast, Sydney, Melbourne and New Zealand.
“The buyers are thrilled! A property of this ilk rarely comes to the market and they can’t wait to move in. The seller is humbled that the right buyer has purchased the home and he was very pleased with the result.
“We now have nine high end buyers still desperately seeking to purchase a home in the area. We would love to assist these buyers and are on the look out for similar homes to sell.”
The architect-designed multi-level home offers expansive, versatile, family-friendly living on a prime east-facing 918m2 block showcasing stunning views over town and across the Bli Bli valley to the ocean.
Mr Brown had already been edging toward the million dollar mark after selling 7 St James Court, Nambour Heights, in August for $915,000.
Median House Prices around Nambour
Burnside – median sale price of $589,932
Coes Creek – median sale price of $608,353
Nambour – median sale price of $533,493
Palmwoods – median sale price of $703,459
Woombye – median sale price of $660,312