Atherton Property Sales Overview
The median property value in Atherton for December is $383,414.
Houses have increased by 0.53% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 5.26%, from 5.16% in January.
The number of properties sold this quarter is down on last quarter from 104 to 11. This is down on the 5 year quarterly average of 173 indicating weaker demand.
What's the median House price in Atherton in December 2021?
The median property value for houses in Atherton is $383,414.
This is an increase of 0.53% ($381,405) from last month.
How much does it cost to rent a House in Atherton?
Rent prices in Atherton are the highest they've been in 12 months at $399.
This is up 8.72% from a 12 month low of $367 in March 2021 and a 1.53% up from last month.
What's the current rental yield in Atherton?
Rental yields for houses in Atherton have increased in December for the 2nd consecutive month.
This is up from a 12 month low of 5.15% in October 2021 and down from a 12 month high of 5.33% in March 2021.
How many properties sold in Atherton in February?
Total sales volume in Atherton is 11, which is down from 104 in the previous quarter.
This is -54.17% weaker than the weakest quarter in the last 5 years which was Q4 2018 with 24 sales and -82.26% weaker than the strongest quarter in the past 5 years which saw 62 sales in Q1 2021.
How long did it take to sell a property in Atherton in February?
25 days is the average time on market in Atherton in December, which is up from 24 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 Atherton?
December sees the vendor expectation error for Atherton at -0.3% which means, on average, places sold for -0.3% less than the listing price.
This is a great sign for buyers looking to negotiate.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the -0.3% as things can move pretty quickly.