QLD / Townsville (C) / 4800 / Cannon valley

Cannon Valley Property Data December 2021

Updated 15 December 2021

Cannon Valley Property Sales Overview

The median property value in Cannon Valley for December is $861,659.

Houses have increased by 1.78% for the month and decreased 0% for the year.

Rental demand is up with yields decreasing in February to 5.00%, from 5.02% in January.

The number of properties sold this quarter is down on last quarter from 13 to 4. This is down on the 5 year quarterly average of 22 indicating weaker demand.

What's the median House price in Cannon Valley in December 2021?

The median property value for houses in Cannon Valley is $861,659.

This is an increase of 1.78% ($846,555) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Cannon Valley?

Rent prices in Cannon Valley are the highest they've been in 12 months at $552.

This is up 12.88% from a 12 month low of $489 in February 2021 and a 1.47% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Cannon Valley?

Rental yields for houses in Cannon Valley have decreased in December for the 2nd consecutive month.

This is up from a 12 month low of 4.94% in September 2021 and down from a 12 month high of 5.16% in July 2021.

Rental yield looking back 12 months

How many properties sold in Cannon Valley in February?

Total sales volume in Cannon Valley is 4, which is down from 13 in the previous quarter.

This is 300.00% stronger than the weakest quarter in the last 5 years which was Q1 2019 with 1 sales and -50.00% weaker than the strongest quarter in the past 5 years which saw 8 sales in Q3 2020.

Quarterly volume of sales looking back 5 years

How long did it take to sell a property in Cannon Valley in February?

23 days is the average time on market in Cannon Valley in December, which is the same from 23 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.

Number of days on market looking back 12 months

Are properties selling below or above the listing price in Cannon Valley?

December sees the vendor expectation error for Cannon Valley at -0.5% which means, on average, places sold for -0.5% 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 -0.5% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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