Sales
Coodanup experienced a slower month in September with fewer sales recorded. There were 7 residential sales during the month, nearly half the number seen in August and 41.7 percent lower than the same time last year. The median house price held at $602,000, showing 11.6 percent growth over the year.
Listings
There were 9 properties listed for sale at the end of September, slightly up from August but still 10 percent lower than this time last year. Stock remains limited, keeping the market competitive despite softer turnover.
Land
Only one land sale was recorded during September with a median price of $247,000. One block was listed for sale by the end of the month. Land sold in a median of 12 days, showing continued interest despite low volume.
Sales Time on Market
Homes sold in a median of 12 days, four days quicker than in August, indicating strong buyer activity. Land also turned over quickly, reflecting demand for development or lifestyle blocks in the area.
Rentals
Rental activity remained consistent with 11 leases signed in September. The median rent held firm at $550 per week, unchanged from both August and this time last year.
Rental Time on Market
There were 9 rental properties listed at the end of September. Homes leased in a median of 36 days, slightly longer than the previous month and 19 days slower than a year ago, suggesting a slight easing in urgency among renters.
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