Georgetown Property Sales Overview
The median property value in Georgetown for December is $66,097.
Houses have increased by 0.97% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 8.59%, from 8.39% in January.
The number of properties sold this quarter is down on last quarter from 3 to 0. This is down on the 5 year quarterly average of 2 indicating weaker demand.
What's the median House price in Georgetown in December 2021?
The median property value for houses in Georgetown is $66,097.
This is an increase of 0.97% ($65,461) from last month.
How much does it cost to rent a House in Georgetown?
Rent prices in Georgetown went up by 0.65% in December to $468 compared to $465 in November, down from a 12 month high of $472 in September 2021 and up from a 12 month low of $430 in March 2021.
What's the current rental yield in Georgetown?
Rental yields for houses in Georgetown is 8.59%.
This is up from a 12 month low of 7.83% in April 2021 and down from a 12 month high of 8.73% in October 2021.
How many properties sold in Georgetown in February?
Total sales volume in Georgetown is 0, which is down from 3 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 2 sales in Q3 2021.
How long did it take to sell a property in Georgetown in February?
54 days is the average time on market in Georgetown 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 Georgetown?
December sees the vendor expectation error for Georgetown 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.