Proserpine Property Sales Overview
The median property value in Proserpine for December is $346,724.
Houses have increased by 1.20% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 5.86%, from 5.71% in January.
The number of properties sold this quarter is down on last quarter from 39 to 8. This is down on the 5 year quarterly average of 64 indicating weaker demand.
What's the median House price in Proserpine in December 2021?
The median property value for houses in Proserpine is $346,724.
This is an increase of 1.20% ($342,597) from last month.
How much does it cost to rent a House in Proserpine?
Rent prices in Proserpine are the highest they've been in 12 months at $507.
This is up 14.45% from a 12 month low of $443 in February 2021 and a 2.01% up from last month.
What's the current rental yield in Proserpine?
Rental yields for houses in Proserpine have increased in December for the 2nd consecutive month.
This is up from a 12 month low of 5.63% in April 2021 and down from a 12 month high of 5.92% in July 2021.
How many properties sold in Proserpine in February?
Total sales volume in Proserpine is 8, which is down from 39 in the previous quarter.
This is 100.00% stronger than the weakest quarter in the last 5 years which was Q2 2017 with 4 sales and -63.64% weaker than the strongest quarter in the past 5 years which saw 22 sales in Q2 2021.
How long did it take to sell a property in Proserpine in February?
26 days is the average time on market in Proserpine in December, which is the same from 26 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 Proserpine?
December sees the vendor expectation error for Proserpine at -1.1% which means, on average, places sold for -1.1% 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 -1.1% as things can move pretty quickly.