Buccan Property Sales Overview
The median property value in Buccan for December is $763,902.
Houses have increased by 2.41% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 3.27%, from 3.29% in January.
The number of properties sold this quarter is down on last quarter from 12 to 2. This is down on the 5 year quarterly average of 25 indicating weaker demand.
What's the median House price in Buccan in December 2021?
The median property value for houses in Buccan is $763,902.
This is an increase of 2.41% ($745,912) from last month.
How much does it cost to rent a House in Buccan?
Rent prices in Buccan are the highest they've been in 12 months at $511.
This is up 10.13% from a 12 month low of $464 in February 2021 and a 1.39% up from last month.
What's the current rental yield in Buccan?
Rental yields for houses in Buccan is 3.27%.
This is the same from a 12 month low of 3.27% in December 2021 and down from a 12 month high of 3.55% in January 2021.
How many properties sold in Buccan in February?
Total sales volume in Buccan is 2, which is down from 12 in the previous quarter.
This is 100.00% stronger than the weakest quarter in the last 5 years which was Q2 2019 with 1 sales and -77.78% weaker than the strongest quarter in the past 5 years which saw 9 sales in Q3 2020.
How long did it take to sell a property in Buccan in February?
12 days is the average time on market in Buccan in December, which is down from 13 in November and has been trending down since December 2020.
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 Buccan?
December sees the vendor expectation error for Buccan at 3.4% which means, on average, places sold for 3.4% 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 3.4% as things can move pretty quickly.