Alligator Creek Property Sales Overview
The median property value in Alligator Creek for December is $549,118.
Houses have increased by 1.19% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 4.91%, from 4.97% in January.
The number of properties sold this quarter is down on last quarter from 15 to 4. This is down on the 5 year quarterly average of 32 indicating weaker demand.
What's the median House price in Alligator Creek in December 2021?
The median property value for houses in Alligator Creek is $549,118.
This is an increase of 1.19% ($542,653) from last month.
How much does it cost to rent a House in Alligator Creek?
Rent prices in Alligator Creek are the highest they've been in 12 months at $468.
This is up 9.09% from a 12 month low of $429 in March 2021 and a 0.43% up from last month.
What's the current rental yield in Alligator Creek?
Rental yields for houses in Alligator Creek have decreased in December for the 2nd consecutive month.
This is up from a 12 month low of 4.87% in September 2021 and down from a 12 month high of 5.1% in December 2020.
How many properties sold in Alligator Creek in February?
Total sales volume in Alligator Creek is 4, which is down from 15 in the previous quarter.
This is 33.33% stronger than the weakest quarter in the last 5 years which was Q4 2018 with 3 sales and -69.23% weaker than the strongest quarter in the past 5 years which saw 13 sales in Q4 2020.
How long did it take to sell a property in Alligator Creek in February?
20 days is the average time on market in Alligator Creek in December, which is the same from 20 in November and has been trending down since December 2020.
This can indicate a buyers market where sellers are finding it harder to make a sale.
Are properties selling below or above the listing price in Alligator Creek?
December sees the vendor expectation error for Alligator Creek at 0.4% which means, on average, places sold for 0.4% more than the listing price.
This is handy to know as a buyer to set your expectation and to give you a more realistic view of what you might expect properties to sell for on auction day.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the 0.4% as things can move pretty quickly.