market-update-dec-20

21 December 2016

Source : reiwa.com

Leading up to Christmas, there was a four per cent decline in sales activity in Perth for the week-ending 20 December 2016. According to REIWA, 528 transactions were recorded.

The decline, which was likely influenced by the upcoming holiday season, was because of a 10 per cent decrease in house sales.

Unit sales experienced a notable 26 per cent increase in sales, while vacant land sales were stable.

Listings for sale

The total number of properties for sale in Perth declined by two per cent this week to 15,092.

Listings for all houses, units and vacant land decreased by two, three and two per cent respectively over the week.

The total number of listings recorded this week is three per cent lower than four weeks ago and two per cent higher than the same time last year.

Perth rental market

REIWA members reported that the total number of properties for rent in Perth was stable over the week, holding at 10,506. This is one per cent lower than four weeks ago and 13 per cent higher than the same time last year.

Take a look at the breakdown for late December (week to 20 December 2016) or to view St Ives Realty’s latest listings for Perth rental properties and Perth property for sale, click here.

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