Torrens Creek Property Sales Overview
The median property value in Torrens Creek for December is $98,929.
Houses have increased by 0.12% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 8.00%, from 7.93% in January.
The number of properties sold this quarter is the same on last quarter from 0 to 0. This is down on the 5 year quarterly average of 1 indicating weaker demand.
What's the median House price in Torrens Creek in December 2021?
The median property value for houses in Torrens Creek is $98,929.
This is an increase of 0.12% ($98,808) from last month.
How much does it cost to rent a House in Torrens Creek?
Rent prices in Torrens Creek are the highest they've been in 12 months at $396.
This is up 7.61% from a 12 month low of $368 in December 2020 and a 2.59% up from last month.
What's the current rental yield in Torrens Creek?
Rental yields for houses in Torrens Creek is 8%.
This is up from a 12 month low of 7.93% in November 2021 and down from a 12 month high of 8.51% in March 2021.
How many properties sold in Torrens Creek in February?
Total sales volume in Torrens Creek is 0, which is the same from 0 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q3 2021 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 2 sales in Q1 2020.
How long did it take to sell a property in Torrens Creek in February?
54 days is the average time on market in Torrens Creek in December, which is the same from 54 in November and has been trending down since October 2021.
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 Torrens Creek?
December sees the vendor expectation error for Torrens Creek at -3.6% which means, on average, places sold for -3.6% 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 -3.6% as things can move pretty quickly.