Bannockburn Property Sales Overview
The median property value in Bannockburn for December is $535,276.
Houses have increased by 0.95% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 3.91%, from 3.98% in January.
The number of properties sold this quarter is down on last quarter from 4 to 3. This is down on the 5 year quarterly average of 11 indicating weaker demand.
What's the median House price in Bannockburn in December 2021?
The median property value for houses in Bannockburn is $535,276.
This is an increase of 0.95% ($530,222) from last month.
How much does it cost to rent a House in Bannockburn?
Rent prices in Bannockburn are the highest they've been in 12 months at $469.
This is up 10.09% from a 12 month low of $426 in December 2020 and a 0.86% up from last month.
What's the current rental yield in Bannockburn?
Rental yields for houses in Bannockburn have decreased in December for the 5th consecutive month.
This is the same from a 12 month low of 3.91% in December 2021 and down from a 12 month high of 4.42% in May 2021.
How many properties sold in Bannockburn in February?
Total sales volume in Bannockburn is 3, which is down from 4 in the previous quarter.
This is 0% stronger than the weakest quarter in the last 5 years which was Q3 2020 with 0 sales and -40.00% weaker than the strongest quarter in the past 5 years which saw 5 sales in Q1 2018.
How long did it take to sell a property in Bannockburn in February?
12 days is the average time on market in Bannockburn in December, which is up from 11 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 Bannockburn?
December sees the vendor expectation error for Bannockburn at 5.2% which means, on average, places sold for 5.2% 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 5.2% as things can move pretty quickly.