SALES SLIGHTLY LOWER

Joondalup Weekender - - Residential -

IN the four weeks to March 12, there were 415 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 9 per cent over the four-week pe­riod.

Com­pared to the same time last year, sales are lower by 1 per cent.

Over­all Perth mar­ket sales have in­creased to 2402, a rise of 9 per cent over the four-week pe­riod and re­mains 3 per cent higher than the same time last year.

But­ler tops the list for the high­est num­ber of sales at 19.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 3 per cent over the past four weeks and is 1 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion have in­creased by 3 per cent but are 4 per cent lower than the same time last year.

The av­er­age time to sell in the lo­cal area de­creased by two days to 64 for the three months to Fe­bru­ary. The av­er­age time to sell in the Perth metro re­gion de­creased by two days to 70.

REIWA mem­bers re­ported 511 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, a de­crease of 21 per cent over the past four weeks and is 44 per cent lower than the same time last year.

List­ings in the Wanneroo Week­ender area have risen by 2 per cent in the four­week pe­riod but are 27 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings fall 1 per cent and 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 Fe­bru­ary 2018 is $350/week, which is $20 lower than the three months to Fe­bru­ary 2017.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $10 de­crease in the three months to Fe­bru­ary.

The av­er­age time to rent in the lo­cal area has de­creased to 49 days in the three months to Fe­bru­ary.

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