Logan Village Property Sales Overview
The median property value in Logan Village for December is $769,907.
Houses have increased by 1.60% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 3.54%, from 3.52% in January.
The number of properties sold this quarter is down on last quarter from 43 to 4. This is down on the 5 year quarterly average of 81 indicating weaker demand.
What's the median House price in Logan Village in December 2021?
The median property value for houses in Logan Village is $769,907.
This is an increase of 1.60% ($757,795) from last month.
How much does it cost to rent a House in Logan Village?
Rent prices in Logan Village are the highest they've been in 12 months at $499.
This is up 10.64% from a 12 month low of $451 in February 2021 and a 0.60% up from last month.
What's the current rental yield in Logan Village?
Rental yields for houses in Logan Village have increased in December for the 2nd consecutive month.
This is up from a 12 month low of 3.49% in October 2021 and down from a 12 month high of 3.76% in December 2020.
How many properties sold in Logan Village in February?
Total sales volume in Logan Village is 4, which is down from 43 in the previous quarter.
This is -55.56% weaker than the weakest quarter in the last 5 years which was Q4 2018 with 9 sales and -84.62% weaker than the strongest quarter in the past 5 years which saw 26 sales in Q2 2021.
How long did it take to sell a property in Logan Village in February?
12 days is the average time on market in Logan Village in December, which is the same from 12 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 Logan Village?
December sees the vendor expectation error for Logan Village at 4.2% which means, on average, places sold for 4.2% 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 4.2% as things can move pretty quickly.