LESMURDIE DE­FIES SLUG­GISH SALES

Avon Valley Gazette - - REAL SMART ESTATE -

IN the four weeks to April 9, there were 119 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 24 per cent over the four- week pe­riod.

Com­pared to the same time last year, sales are lower by 13 per cent.

The over­all Perth mar­ket sales de­creased to 2157, a fall of 7 per cent over the four­week pe­riod and re­mains 14 per cent lower than the same time last year.

Lesmurdie had the high­est num­ber of sales at 10.

Prop­er­ties for sale in the lo­cal area have in­creased by 3 per cent over the last four weeks but is 2 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion in­creased by 2 per cent but are three per cent lower than the same time last year.

The av­er­age time to sell has in­creased by five days to 85 days for the three months to March.

The av­er­age time to sell in the Perth metro re­gion has de­creased by two days to 70.

Reiwa mem­bers re­ported 192 to­tal prop­er­ties ( houses and units) leased for the four­week pe­riod, an in­crease of 9 per cent over the last four weeks but 6 per cent lower than the same time last year.

List­ings in the Hills Gazette area have fallen by 4 per cent in the four- week pe­riod and are 7 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings rise 1 per cent over the four- week pe­riod but are 19 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to March is $ 325/ week, which is $ 15 lower than the three months to March 2017. Sim­i­larly, the over­all me­dian rent for Perth has seen a $ 10 de­crease in the three months to March.

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