Halls Head had a strong September with a sharp increase in sales activity, firm pricing, and a slight rise in rental supply as the market heads into spring.
Sales
There were 33 residential sales recorded for the month, up 37.5 percent from August and 26.9 percent higher than the same time last year. The median house price climbed to $800,000, showing 12.7 percent annual growth.
Listings
There were 20 houses listed for sale at the end of September, down from August and nearly 40 percent lower than a year ago. Total listings across all property types reached 31, offering slightly more choice than previous months.
Land
Only one land sale was recorded in September with a median price of $570,000. Six blocks were listed for sale at the end of the month, maintaining a steady presence in the local land market.
Sales Time on Market
Houses sold in a median of 12 days, three days faster than in August. Land sold in 13 days, while units took a median of 27 days to sell, reflecting slower movement in the attached dwelling segment.
Rentals
Rental activity softened slightly, with 16 leases signed during the month. The median rent held firm at $640 per week for houses and $510 for units, both in line with recent trends.
Rental Time on Market
There were 16 rental listings available at the end of September. Homes leased in a median of 22 days, while units leased in 21 days, both sitting within normal seasonal ranges.
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