Luscombe Property Sales Overview
The median property value in Luscombe for December is $729,747.
Houses have increased by 1.79% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 3.96%, from 3.94% in January.
The number of properties sold this quarter is down on last quarter from 2 to 0. This is down on the 5 year quarterly average of 3 indicating weaker demand.
What's the median House price in Luscombe in December 2021?
The median property value for houses in Luscombe is $729,747.
This is an increase of 1.79% ($716,938) from last month.
How much does it cost to rent a House in Luscombe?
Rent prices in Luscombe are the highest they've been in 12 months at $632.
This is up 17.25% from a 12 month low of $539 in December 2020 and a 2.27% up from last month.
What's the current rental yield in Luscombe?
Rental yields for houses in Luscombe is 3.96%.
This is up from a 12 month low of 3.94% in November 2021 and down from a 12 month high of 4.2% in April 2021.
How many properties sold in Luscombe in February?
Total sales volume in Luscombe is 0, which is down from 2 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q1 2021 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 3 sales in Q1 2018.
How long did it take to sell a property in Luscombe in February?
13 days is the average time on market in Luscombe in December, which is up from 12 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 Luscombe?
December sees the vendor expectation error for Luscombe at 4.6% which means, on average, places sold for 4.6% 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 4.6% as things can move pretty quickly.