Dawesville experienced a steady August with stable prices and healthy turnover despite a dip in overall sales volumes compared to the previous month.
SALES
There were 20 residential sales recorded during the month which is slightly down from July but still in line
with longer term trends. The median house price remained unchanged at $765,000 showing 11.7 percent
annual growth.
LISTINGS
There were 23 properties listed for sale at the end of August which is 15 percent higher than last year. Listings have gradually improved from midyear lows but stock remains limited
LAND
Two land sales were recorded in August with a median price of $278,000. A total of 10 blocks were available for sale at month’s end reflecting a tight land market compared to last year.
SALES TIME ON MARKET
Homes took a median of 51 days to sell which is slightly quicker than last year but slower than most
surrounding suburbs. Land sold faster in August with a median of 22 days on market.
RENTALS
Rental activity remained strong with 18 leases signed during the month. Median rent held steady at $600
per week which is slightly up from a year ago.
RENTALS TIME ON MARKET
There were 14 properties listed for rent at the end of August. Homes leased in a median of 22 days
indicating continued solid demand from renters.
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