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Perth Market Snapshot for the week ending 7 November 2021

Posted by admin on November 8, 2021
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Sales activity decreased one per cent in Perth last week, with REIWA members reporting 1,097 transactions.

 

This decrease can be attributed to a four per cent increase in house sales, an eight per cent rise in unit sales, and a 51 per cent fall in vacant land sales over the week.

 

There were 8,863 properties for sale in Perth at the end of last week, which is two per cent more than the previous week.

 

A closer look at listing stock levels shows house listings increased by three per cent, listings for units increased by one per cent and listings for vacant land increased by two per cent.

 

Last week’s total figure is five per cent higher than levels seen four weeks ago, and 13 per cent lower than levels seen a year ago.

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Brendan Bowie has specialised in property sales, marketing, and leasing for more than 20 years. As a City of Belmont resident with a great knowledge of the local area, Brendan’s strategic and innovative property marketing approach, coupled with a strong networking focus, consistently yields quality outcomes for his clients.

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