Halls Head saw a slowdown in sales during October, but prices remained firm across all property types and rental conditions remained stable with quicker leasing times.
Sales
There were 27 residential sales recorded during the month, down 20.6 percent from September and 20.6
percent lower than the same time last year. The overall median dwelling price rose slightly to $786,000, up 0.8 percent month on month and 10.7 percent year on year.
Listings
There were 39 properties listed for sale at the end of October, a 25.8 percent increase from September but still 40 percent lower than the same time last year. Stock remains tight but is beginning to build as spring activity picks up.
Land
Three land sales were recorded during October, with a median price of $595,000. This reflects strong annual growth of 48.4 percent. Land sold in a median of 13 days, indicating continued demand.
Sales Time on Market
Homes sold in a median of 13 days, one day quicker than the previous month. Houses settled in 15 days, units in 16 days, and land in 13 days, all reflecting relatively strong turnover for the suburb.
Rentals
There were 21 leases signed during October, a 40 percent increase from September. The median rent for
dwellings held steady at $650 per week, marking a 6.7 percent increase compared to the same time last
year
Rental Time on Market
There were 14 rental properties listed at the end of the month, down slightly from September. Homes leased in a median of 20 days, two days faster than the previous month.
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