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Upper Barron Property Data December 2021

Updated 15 December 2021

Upper Barron Property Sales Overview

The median property value in Upper Barron for December is $957,102.

Houses have increased by 0.43% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 5.05%, from 4.94% in January.

The number of properties sold this quarter is down on last quarter from 2 to 0. This is down on the 5 year quarterly average of 8 indicating weaker demand.

What's the median House price in Upper Barron in December 2021?

The median property value for houses in Upper Barron is $957,102.

This is an increase of 0.43% ($953,003) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Upper Barron?

Rent prices in Upper Barron are the highest they've been in 12 months at $422.

This is up 8.48% from a 12 month low of $389 in February 2021 and a 1.44% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Upper Barron?

Rental yields for houses in Upper Barron have increased in December for the 3rd consecutive month.

This is up from a 12 month low of 4.89% in April 2021 and down from a 12 month high of 5.08% in December 2020.

Rental yield looking back 12 months

How many properties sold in Upper Barron in February?

Total sales volume in Upper Barron is 0, which is down from 2 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 6 sales in Q2 2017.

Quarterly volume of sales looking back 5 years

How long did it take to sell a property in Upper Barron in February?

22 days is the average time on market in Upper Barron in December, which is up from 21 in November.

This indicates a competitive market for buyers where the more organised you are the better chance you have of securing.

Number of days on market looking back 12 months

Are properties selling below or above the listing price in Upper Barron?

December sees the vendor expectation error for Upper Barron at 0% which means, on average, places sold for 0% 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% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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