BET­TER YEAR ON YEAR

Weekend Courier - - Wafl -

IN the four weeks to March 26 there were 200 lo­cal prop­erty sales across houses, units and land, which is a de­crease of 5 per cent over the four­week pe­riod.

Com­pared to the same time last year, sales are higher by 5 per cent.

Over­all Perth mar­ket sales have de­creased to 2276, a fall of 6 per cent over the four-week pe­riod and re­mains 2 per cent lower than the same time last year.

Bal­divis tops the list for the high­est num­ber of sales at 23.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 2 per cent over the past four weeks but is 7 per cent lower than the same time last year. To­tal listings in the Perth metro re­gion have in­creased by 4 per cent but are 2 per cent lower than the same time last year.

The aver­age time to sell in the lo­cal area has in­creased by two days to 86 for the three months to Fe­bru­ary.

The aver­age time to sell in the Perth metro re­gion has de­creased by three days to 69.

REIWA mem­bers re­ported 350 to­tal prop­er­ties (houses and units) leased for the four­week pe­riod, a de­crease of 1 per cent over the past four weeks and is 7 per cent lower than the same time last year.

Listings in the Courier area have re­mained sta­ble in the four-week pe­riod but are 29 per cent lower than the same time last year.

The over­all mar­ket has seen listings re­main sta­ble 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 Fe­bru­ary 2018 is $320/week, which is $10 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 47 days in the three months to Fe­bru­ary.

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