Lake Manchester Property Sales Overview
The median property value in Lake Manchester for December is $808,715.
Houses have increased by 1.74% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 3.54%, from 3.59% in January.
The number of properties sold this quarter is the same on last quarter from 0 to 0. This is the same on the 5 year quarterly average of 0 indicating no change in demand.
What's the median House price in Lake Manchester in December 2021?
The median property value for houses in Lake Manchester is $808,715.
This is an increase of 1.74% ($794,888) from last month.
How much does it cost to rent a House in Lake Manchester?
Rent prices in Lake Manchester are the highest they've been in 12 months at $473.
This is up 11.29% from a 12 month low of $425 in February 2021 and a 3.05% up from last month.
What's the current rental yield in Lake Manchester?
Rental yields for houses in Lake Manchester is 3.54%.
This is the same from a 12 month low of 3.54% in December 2021 and down from a 12 month high of 3.86% in January 2021.
How many properties sold in Lake Manchester in February?
Total sales volume in Lake Manchester is 0, which is the same from 0 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q3 2021 with 0 sales and 0% the same than the strongest quarter in the past 5 years which saw 0 sales in Q3 2021.
How long did it take to sell a property in Lake Manchester in February?
13 days is the average time on market in Lake Manchester in December, which is down from 14 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 Lake Manchester?
December sees the vendor expectation error for Lake Manchester at 2.3% which means, on average, places sold for 2.3% 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 2.3% as things can move pretty quickly.