Gilbert River Property Sales Overview
The median property value in Gilbert River for December is $161,312.
Houses have increased by 0.90% 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 the same on last quarter from 0 to 0. This is the same on the 5 year quarterly average of 0 indicating no change in demand.
What's the median House price in Gilbert River in December 2021?
The median property value for houses in Gilbert River is $161,312.
This is an increase of 0.90% ($159,881) from last month.
How much does it cost to rent a House in Gilbert River?
Rent prices in Gilbert River 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 Gilbert River?
Rental yields for houses in Gilbert River 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 Gilbert River in February?
Total sales volume in Gilbert River 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 0% the same than the strongest quarter in the past 5 years which saw 0 sales in Q3 2021.
How long did it take to sell a property in Gilbert River in February?
54 days is the average time on market in Gilbert River 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 Gilbert River?
December sees the vendor expectation error for Gilbert River 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.