MADORA BAY MARKET SNAPSHOT- AUGUST 2025

Madora Bay experienced a very quiet August with only a couple of sales recorded while rental activity
remained strong and pricing stable across the board.

SALES

There were just 2 residential sales recorded for the month which is a sharp drop compared to July and 66.7 percent lower than this time last year. The median house price remained steady at $786,000 showing a modest annual increase of 2.7 percent.

LISTINGS

Listings were extremely limited with only 4 properties advertised for sale at the end of August down 20
percent from last year. The market remains supply constrained with low turnover.

LAND

Land activity was minimal with no sales officially reported. However the median land price remained at
$353,000 based on recent sales and 2 blocks were listed for sale at month’s end.

SALES TIME ON MARKET

Houses took a median of 32 days to sell in August slightly longer than earlier in the year but still reasonable in the context of limited stock. Land also recorded a 32 day median to sell.

RENTALS

The rental market remained active with 24 properties leased during the month. The median rent stayed
steady at $650 per week despite rising demand.

RENTALS TIME ON MARKET

There were 10 rental properties listed at the end of August. Homes leased in a median of 14
days indicating ongoing strong interest from tenants seeking beachside living.