FALCON MARKET SNAPSHOT – SEPTEMBER 2025

Falcon’s market slowed in September with fewer sales recorded, but property prices remained strong and rentals continued to move steadily despite low supply.

Sales
There were 8 residential sales recorded during the month, down from August and 38.5 percent lower than the same time last year. The median house price held firm at $720,000, representing 18 percent annual growth.

Listings
There were 12 houses listed for sale at the end of September, double the number seen in August. Across all property types, the total number of listings rose to 15, giving buyers more choice than in previous months.

Land
Land activity picked up slightly with sales recorded at a median price of $375,000. Three blocks were listed for sale by the end of the month and land sold in a median of 10 days, highlighting continued demand for new builds.

Sales Time on Market
Houses sold in a median of 24 days, 20 days faster than the previous month. Land was even quicker, selling in a median of 10 days. Units took slightly longer, with a median of 34 days to sell.

Rentals
Rental activity remained steady, with 9 leases signed across houses and units. The median rent for houses dropped slightly to $580 per week, while units rose to $450 per week. Both have seen positive growth over the year.

Rental Time on Market
There were 7 rental listings available at the end of September. Homes leased in a median of 27 days, consistent with August, while units leased in a median of 37 days.