MADORA BAY MARKET SNAPSHOT- JULY 2025

Madora Bay held steady in July, with moderate price growth, quick sales, and steady leasing activity despite low sales volumes and tight listing numbers.

SALES

There were 11 residential sales during the month — matching the previous month and nearly double the volume recorded a year ago. The median house price increased slightly to $780,000, up 0.7% for the month and 2.8% annually.

LISTINGS

Listings remained limited, with just 7 properties advertised for sale at the end of July. While this is 40% higher than a year ago, available stock remains low overall.

LAND

There were 3 land sales for the month, with a median land price of $353,000. Only 3 blocks were listed for sale at the end of July, showing a tightly held land market.

SALES TIME ON MARKET

Homes sold in a median of 30 days, three days faster than the previous month. Land sales also settled in a median of 30 days.

RENTALS

The rental market remained active, with 17 properties leased during the month. Median rent for houses sat at $650 per week, unchanged from June.

RENTALS TIME ON MARKET

There were 18 rental listings at the end of July. Properties leased in a median of 14 days, indicating strong ongoing demand from tenants.