The Erskine property market recorded a median dwelling price of $800,000 in August, 14% higher than 12 months earlier. Eleven sales were recorded and 26 properties were listed for sale.
The median time to sell was 25 days, while the reported median land price was $659,000.
The Erskine rental market recorded a median rent of $620 per week, with eight properties leased. The median time to lease was just 14 days.
What This Means
For sellers considering Erskine real estate, increased sales activity is encouraging, although buyers still have choice. For investors, the combination of a $620 median weekly rent and 14-day leasing period provides a useful snapshot of current rental conditions.
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