Price drops in Pelican Waters
Listings for sale in Pelican Waters, QLD 4551 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
16
23% of 71 live listings
Median cut
6.2%
$83K off the asking price
Days listed before cut
60
median, first listed to latest cut
Cuts, last 30 / 90 days
14 / 15
no current price rises
Pelican Waters price-drop summary
16 listings in Pelican Waters (23% of the 71 on the market) are advertised below an earlier asking price. The typical reduction is 6.2%, about $83K. House listings account for 10 of them, with a median cut of 3.9%.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 10 | 3.9% |
| Apartment | 6 | 11.4% |
Largest current cuts in Pelican Waters
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 90 Marina View Drive | $2,500,000 | $2,000,000 | -20.0% | 4 bed House | |
| 705/38 Mahogany Drive | $1,080,000 | $900,000 | -16.7% | 2 bed Apartment | |
| 111/38 Mahogany Drive | $350,000 | $299,000 | -14.6% | 1 bed Apartment | |
| 1202/38 Mahogany Drive | $2,249,000 | $1,950,000 | -13.3% | 3 bed Apartment | |
| 6 Lake Vista Lane | $4,950,000 | $4,300,000 | -13.1% | 5 bed House | |
| 704/38 Mahogany Drive | $995,000 | $900,000 | -9.5% | 2 bed Apartment | |
| Unit 705/38 Mahogany Drive | $995,000 | $900,000 | -9.5% | 2 bed Apartment | |
| 19 New Holland Drive | $1,400,000 | $1,300,000 | -7.1% | 4 bed House | |
| 54 Westholme Circuit | $3,690,000 | $3,495,000 | -5.3% | 5 bed House | |
| 707/38 Mahogany Drive | $900,000 | $860,000 | -4.4% | 2 bed Apartment | |
| 8 Otter Court | $1,350,000 | $1,295,000 | -4.1% | 3 bed House | |
| 51 Bells Esplanade | $1,450,000 | $1,395,000 | -3.8% | 4 bed House | |
| 13 Grace Court | $1,349,500 | $1,299,050 | -3.7% | 4 bed House | |
| 47 Marina View Drive | $1,900,000 | $1,829,000 | -3.7% | 4 bed House | |
| 31 The Promenade | $1,350,000 | $1,325,000 | -1.9% | 4 bed House | |
| 12 The Passage | $3,000,000 | $2,950,000 | -1.7% | 4 bed House |
Suburb profile
Pelican Waters market data
Median prices, rents, growth and vacancy for Pelican Waters.
Sold prices
Recent sales in Pelican Waters
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Pelican Waters: common questions
How many properties in Pelican Waters have had a price drop?
16 listings for sale in Pelican Waters QLD 4551 are currently advertised below an earlier asking price, 23% of the 71 listings on the market. 14 of those cuts were recorded in the last 30 days and 15 in the last 90.
How much are Pelican Waters sellers cutting their prices by?
The median cut is 6.2%, or $83K, measured from the previous advertised asking price to the current one on each listing.
How long are Pelican Waters listings on the market before the price drops?
A median of 60 days from when the listing first appeared to its latest price cut, across 16 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.