The Falcon property market recorded a median dwelling price of $780,000 in August, with eight sales and 39 properties listed for sale.
The median selling period was 21 days. The Falcon land market recorded a median price of $340,000, with one sale and five listings.
In the Falcon rental market, the median rent was $575 per week. Fifteen properties were leased during August and the median leasing period was 20 days.
What This Means
Buyers searching for property for sale in Falcon currently have more choice, meaning sellers need to compete effectively on price, presentation and marketing. Investors can use the $575 weekly median as a current rental benchmark.
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