The Coodanup property market recorded a median dwelling price of $710,000 in August, with nine sales and 47 properties listed for sale. The median price was 17.4% higher than 12 months earlier.
The median time to sell was 26 days. Residential land had a median price of $310,000, with seven land listings recorded.
In the Coodanup rental market, the median rent was $582 per week. Four properties were leased during the month, with a median leasing period of 27 days.
What This Means
Sellers face more competition as the number of properties for sale in Coodanup increases. Buyers have more choice, while investors can use the current rental figures as a benchmark when assessing Coodanup investment property.
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