Fifteen Mile Property Sales Overview
The median property value in Fifteen Mile for December is $613,778.
Houses have increased by 1.37% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 4.37%, from 4.46% in January.
The number of properties sold this quarter is down on last quarter from 1 to 0. This is down on the 5 year quarterly average of 2 indicating weaker demand.
What's the median House price in Fifteen Mile in December 2021?
The median property value for houses in Fifteen Mile is $613,778.
This is an increase of 1.37% ($605,464) from last month.
How much does it cost to rent a House in Fifteen Mile?
Rent prices in Fifteen Mile are the highest they've been in 12 months at $459.
This is up 10.07% from a 12 month low of $417 in December 2020 and a 0.22% up from last month.
What's the current rental yield in Fifteen Mile?
Rental yields for houses in Fifteen Mile have decreased in December for the 2nd consecutive month.
This is the same from a 12 month low of 4.37% in December 2021 and down from a 12 month high of 4.61% in July 2021.
How many properties sold in Fifteen Mile in February?
Total sales volume in Fifteen Mile is 0, which is down from 1 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 -100.00% weaker than the strongest quarter in the past 5 years which saw 2 sales in Q4 2019.
How long did it take to sell a property in Fifteen Mile in February?
14 days is the average time on market in Fifteen Mile in December, which is down from 15 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 Fifteen Mile?
December sees the vendor expectation error for Fifteen Mile at 2.5% which means, on average, places sold for 2.5% 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 2.5% as things can move pretty quickly.