DE­CREASE IN LIST­INGS

Ellenbrook Advocate - - SUBURBAN SNAPSHOT -

IN the four weeks to April 9 there were 69 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 15 per cent over the four­week pe­riod. Com­pared to the same time last year, sales are higher by 3 per cent. Over­all Perth mar­ket sales have 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. El­len­brook tops the list for the high­est num­ber of sales at 21.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 11 per cent over the past four weeks but is 10 per cent lower than the same time last year.

To­tal list­ings in the Perth metro re­gion have in­creased by 2 per cent but is 3 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased by 11 days to 89 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 138 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, an in­crease of 57 per cent over the past four weeks and is 29 per cent higher than the same time last year.

List­ings in the Ad­vo­cate area have risen by 5 per cent in the four-week pe­riod but are 10 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 2018 is $350/week, which is un­changed from the three months to March 2017. Sim­i­larly, the over­all me­dian rent for Perth has seen a $10 de­crease in the three months to March.

The av­er­age time to rent in the lo­cal area has in­creased to 51 days in the three months to March.

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