Coodanup experienced a quieter November with fewer sales and limited listings, but both house and land
prices remained strong and leasing activity stayed consistent.
SALES
There were 9 residential sales recorded for the month, unchanged from October but 30.8% lower over
three months. The overall median dwelling price dipped slightly to $617,000, down 0.4% for the month but still up 9.3% year on year.
LISTINGS
There were 4 properties listed for sale at the end of November, down 20% from the previous month and
75% lower than the same time last year. Stock remains tight and has fallen steadily over recent months.
LAND
There were 4 land sales recorded with a median price of $240,000. Prices held steady month on month
and rose 28.3% compared to last year. Land sold in a median of 7 days, moving quicker than in previous
months, while only 1 block was listed at month’s end.
SALES TIME ON MARKET
Homes sold in a median of 7 days, 3 days faster than October. Land also sold in 7 days, showing strong
buyer competition across both segments.
RENTALS
There were 10 leases signed during November, down 9.1% from October but double the volume from a
year ago. The median rent increased to $560 per week, up 1.8% month on month and year on year.
RENTALS TIME ON MARKET
There were 5 rental listings at the end of November, down 28.6% from last month.
Properties leased in a median of 21 days, 13 days faster than October and slightly
quicker than the same time last year
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