RE­CENT RISE IN SALES

Melville Times - - Residential -

IN the four weeks to April 10 2017 there were 169 lo­cal prop­erty sales across houses, units and land which is an in­crease of 31 per cent over the four-week pe­riod. Com­pared to the same time last year, sales are higher by 59 per cent.

Over­all Perth mar­ket sales have in­creased to 2624, a rise of 11 per cent over the four-week pe­riod and re­mains 26 per cent higher than the same time last year. Mt Pleas­ant tops the list for the high­est num­ber of sales at 20.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 1 per cent over the past four weeks but is 6 per cent higher than the same time last year.

To­tal list­ings in the Perth metro re­gion have re­mained sta­ble over the four-week pe­riod but is 3 per cent higher than the same time last year.

The av­er­age time to sell in the lo­cal area has in­creased by one days to 67 days for the three months to March 2017. The av­er­age time to sell in the Perth metro re­gion has in­creased by four days to 72 days.

REIWA mem­bers re­ported 199 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, an in­crease of 10 per cent over the past four weeks and is 34 per cent higher than the same time last year.

List­ings in the Melville Times area have re­mained sta­ble in the four-week pe­riod and are 2 per cent higher than the same time last year.

The over­all mar­ket has seen list­ings rise 1 per cent over the four-week pe­riod and is 6 per cent higher than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to March 2017 is $400 per week, which is $50 lower than the three months to March 2016.

Sim­i­larly, the over­all me­dian rent for Perth has seen a $40 de­crease in the three months to March 2017.

The av­er­age time to rent in the lo­cal area has de­creased to 48 days in the three months to March 2017. 20 18

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