Pine Mountain Property Sales Overview
The median property value in Pine Mountain for December is $686,085.
Houses have increased by 1.63% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 3.91%, from 3.93% in January.
The number of properties sold this quarter is down on last quarter from 15 to 1. This is down on the 5 year quarterly average of 28 indicating weaker demand.
What's the median House price in Pine Mountain in December 2021?
The median property value for houses in Pine Mountain is $686,085.
This is an increase of 1.63% ($675,091) from last month.
How much does it cost to rent a House in Pine Mountain?
Rent prices in Pine Mountain are the highest they've been in 12 months at $464.
This is up 12.35% from a 12 month low of $413 in January 2021 and a 0.65% up from last month.
What's the current rental yield in Pine Mountain?
Rental yields for houses in Pine Mountain is 3.91%.
This is the same from a 12 month low of 3.91% in December 2021 and down from a 12 month high of 4.28% in December 2020.
How many properties sold in Pine Mountain in February?
Total sales volume in Pine Mountain is 1, which is down from 15 in the previous quarter.
This is -50.00% weaker than the weakest quarter in the last 5 years which was Q1 2021 with 2 sales and -91.67% weaker than the strongest quarter in the past 5 years which saw 12 sales in Q3 2019.
How long did it take to sell a property in Pine Mountain in February?
11 days is the average time on market in Pine Mountain in December, which is down 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 Pine Mountain?
December sees the vendor expectation error for Pine Mountain 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.