The Meadow Springs property market recorded a median dwelling price of $830,000 in August, 13.8% higher than 12 months earlier. Fourteen sales were recorded and 35 properties were listed for sale.
The median selling period was 36 days. Residential land recorded a median price of $430,000.
The Meadow Springs rental market recorded a median rent of $660 per week, with 12 properties leased. The median time to lease was 19 days.
What This Means
Sellers considering the current Meadow Springs real estate market should factor longer selling times into their expectations. Buyers have a reasonable level of choice, while investors can benchmark potential rental property against the $660 weekly median.
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