Lethebrook Property Sales Overview
The median property value in Lethebrook for December is $432,337.
Houses have increased by 1.24% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 5.60%, from 5.55% in January.
The number of properties sold this quarter is up on last quarter from 0 to 1. This is down on the 5 year quarterly average of 1 indicating weaker demand.
What's the median House price in Lethebrook in December 2021?
The median property value for houses in Lethebrook is $432,337.
This is an increase of 1.24% ($427,031) from last month.
How much does it cost to rent a House in Lethebrook?
Rent prices in Lethebrook are the highest they've been in 12 months at $520.
This is up 13.54% from a 12 month low of $458 in February 2021 and a 1.76% up from last month.
What's the current rental yield in Lethebrook?
Rental yields for houses in Lethebrook have increased in December for the 2nd consecutive month.
This is up from a 12 month low of 5.41% in June 2021 and down from a 12 month high of 5.7% in July 2021.
How many properties sold in Lethebrook in February?
Total sales volume in Lethebrook is 1, which is up from 0 in the previous quarter.
This is 1.00% stronger than the weakest quarter in the last 5 years which was Q3 2021 with 0 sales and 0% the same than the strongest quarter in the past 5 years which saw 1 sales in Q1 2021.
How long did it take to sell a property in Lethebrook in February?
23 days is the average time on market in Lethebrook 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.
Are properties selling below or above the listing price in Lethebrook?
December sees the vendor expectation error for Lethebrook at -1% which means, on average, places sold for -1% 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 -1% as things can move pretty quickly.