FALCON MARKET SNAPSHOT – JULY 2025

Falcon’s market surged in July, with strong price growth, quick sales, and very limited stock driving a highly competitive environment.

SALES

There were 22 residential sales recorded during the month, marking a sharp 83.3% increase compared to a year ago. The median house price jumped to $695,000, up 1.5% for the month and nearly 21% year-on-year.

LISTINGS

Listings were extremely tight, with only 8 properties for sale at the end of July — down more than 60% compared to the same time last year.

LAND

Land activity remained modest, with 4 blocks sold in July. The median land price rose to $290,000, and only 1 block remained listed at month’s end, showing just how scarce land options are.

SALES TIME ON MARKET

Homes sold in a median of 19 days, which is faster than last year despite a mid-range price point. Land settled in a median of 21 days.

RENTALS

The rental market was quieter, with just 6 leases signed during the month. Median weekly rent for houses rose slightly to $575, continuing a gradual upward trend.

RENTALS TIME ON MARKET

There were 9 rental listings available at the end of July. Properties leased in a median of 24 days, slightly slower than earlier this year but still within a healthy range.