Carruchan Property Sales Overview
The median property value in Carruchan for December is $426,283.
Houses have increased by 1.49% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 6.86%, from 6.93% in January.
The number of properties sold this quarter is down on last quarter from 11 to 0. This is down on the 5 year quarterly average of 6 indicating weaker demand.
What's the median House price in Carruchan in December 2021?
The median property value for houses in Carruchan is $426,283.
This is an increase of 1.49% ($420,015) from last month.
How much does it cost to rent a House in Carruchan?
Rent prices in Carruchan are the highest they've been in 12 months at $459.
This is up 11.68% from a 12 month low of $411 in December 2020 and a 0.88% up from last month.
What's the current rental yield in Carruchan?
Rental yields for houses in Carruchan is 6.86%.
This is up from a 12 month low of 6.76% in August 2021 and down from a 12 month high of 7.41% in March 2021.
How many properties sold in Carruchan in February?
Total sales volume in Carruchan is 0, which is down from 11 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q2 2021 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 4 sales in Q3 2021.
How long did it take to sell a property in Carruchan in February?
25 days is the average time on market in Carruchan in December, which is up from 24 in November.
This indicates a competitive market for buyers where the more organised you are the better chance you have of securing.
Are properties selling below or above the listing price in Carruchan?
December sees the vendor expectation error for Carruchan at -0.3% which means, on average, places sold for -0.3% less than the listing price.
This is a great sign for buyers looking to negotiate.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the -0.3% as things can move pretty quickly.