A mix of stability and transition.
In July Bowen saw 5 sales and 17 new listings, with homes that were sold averaging 33 days on the market. That’s faster than last year at this time, indicating that well-priced properties are still moving, even in a market where buyers have more choice.
Prices remain steady. The average July sale was $1.446 million with a median of $1.433 million. Over the past twelve months, the average sale price has held close to $1.56 million—just slightly below last year—while the median continues to climb. This tells us that Bowen homes are maintaining their value, even as the market adjusts.
Notable is the strength in dollar volume. July’s sales totalled just over $7 million, nearly double last July, and year-to-date we’ve seen more than $45 million in sales, well ahead of the past two years. High-value transactions are driving much of this activity.
At the same time, inventory is growing. New listings are up nearly 20 per cent year-to-date, and total inventory has risen more than 36 per cent over the past twelve months. More choice is good news for buyers, while sellers are reminded that presentation and pricing strategy remain key in attracting serious offers.
In short:
- Buyers are benefiting from more selection.
- Sellers are still seeing strong results—if priced and presented well.
- The market overall is balanced, steady, and resilient.
JUNE 2025 DETACHED HOMES
SALE PRICE vs LIST PRICE
Low $1,070,000 $1,099,000
High $1,850,000 $1,850,000
Average Sale in July $1,446,250
Median Sale in July $1,432,500
STATS ON BOWEN
is published monthly once all data for the previous month has been received.
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