Steiglitz Property Sales Overview
The median property value in Steiglitz for December is $690,981.
Houses have increased by 1.58% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 4.20%, from 4.14% in January.
The number of properties sold this quarter is down on last quarter from 5 to 0. This is down on the 5 year quarterly average of 13 indicating weaker demand.
What's the median House price in Steiglitz in December 2021?
The median property value for houses in Steiglitz is $690,981.
This is an increase of 1.58% ($680,222) from last month.
How much does it cost to rent a House in Steiglitz?
Rent prices in Steiglitz are the highest they've been in 12 months at $580.
This is up 17.17% from a 12 month low of $495 in December 2020 and a 1.75% up from last month.
What's the current rental yield in Steiglitz?
Rental yields for houses in Steiglitz is 4.2%.
This is up from a 12 month low of 4.13% in September 2021 and down from a 12 month high of 4.47% in January 2021.
How many properties sold in Steiglitz in February?
Total sales volume in Steiglitz is 0, which is down from 5 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q1 2020 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 8 sales in Q4 2020.
How long did it take to sell a property in Steiglitz in February?
11 days is the average time on market in Steiglitz 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 Steiglitz?
December sees the vendor expectation error for Steiglitz at 5.3% which means, on average, places sold for 5.3% 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 5.3% as things can move pretty quickly.