Sales up 24% for the month in western sub­urbs

Western Suburbs Weekly - - Residential -

IN the four weeks to July 3, 2017, there were 172 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 24 per cent over the four-week pe­riod.

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

The over­all Perth mar­ket sales have in­creased to 2505, a rise of 18 per cent over the four-week pe­riod and 8 per cent higher than the same time last year. Wem­b­ley tops the list for the high­est num­ber of sales at 23.

Prop­er­ties avail­able for sale in the lo­cal area have de­creased by 14 per cent over the past four weeks and 10 per cent on the same time last year.

To­tal list­ings in the Perth Metro Re­gion have de­creased by 5 per cent over the four­week pe­riod and 2 per cent on the same time last year.

The av­er­age time to sell in the lo­cal area has de­creased by eight days to 58 days for the three months to June 2017.

The av­er­age time to sell in the Perth Metro Re­gion has in­creased by three days to 70.

REIWA mem­bers re­ported 328 prop­er­ties leased for the four-week pe­riod, an in­crease of 3 per cent over the past four weeks and 11 per cent on the same time last year.

List­ings in the Western Sub­urbs Weekly area have risen by 1 per cent in the four-week pe­riod are 3 per cent lower than the same time last year.

The over­all mar­ket has seen list­ings re­main sta­ble over the four-week pe­riod but they are 3 per cent lower than the same time last year.

The me­dian weekly rent for the lo­cal area for the three months to June 2017 is $430/week, which is $10 lower than the same pe­riod last year.

The me­dian rent for Perth is $30 lower in the three months to June 2017. Av­er­age time to rent in the lo­cal area has re­mained sta­ble at 49 days in the three months to June 2017.

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