Edens Landing Property Sales Overview
The median property value in Edens Landing for December is $487,202.
Houses have increased by 2.30% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 4.42%, from 4.46% in January.
The number of properties sold this quarter is down on last quarter from 58 to 13. This is down on the 5 year quarterly average of 115 indicating weaker demand.
What's the median House price in Edens Landing in December 2021?
The median property value for houses in Edens Landing is $487,202.
This is an increase of 2.30% ($476,266) from last month.
How much does it cost to rent a House in Edens Landing?
Rent prices in Edens Landing are the highest they've been in 12 months at $434.
This is up 10.43% from a 12 month low of $393 in December 2020 and a 0.46% up from last month.
What's the current rental yield in Edens Landing?
Rental yields for houses in Edens Landing have decreased in December for the 7th consecutive month.
This is the same from a 12 month low of 4.42% in December 2021 and down from a 12 month high of 4.98% in May 2021.
How many properties sold in Edens Landing in February?
Total sales volume in Edens Landing is 13, which is down from 58 in the previous quarter.
This is -7.14% weaker than the weakest quarter in the last 5 years which was Q2 2018 with 14 sales and -62.86% weaker than the strongest quarter in the past 5 years which saw 35 sales in Q4 2016.
How long did it take to sell a property in Edens Landing in February?
11 days is the average time on market in Edens Landing in December, which is the same from 11 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 Edens Landing?
December sees the vendor expectation error for Edens Landing at 5% which means, on average, places sold for 5% 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% as things can move pretty quickly.