Pinjarra recorded a steady month in November, with solid price growth and quick sales times. Listings
remained limited, while rental activity stayed consistent with improved leasing speeds.
SALES
There were 11 residential sales recorded during the month, up 37.5% from October and 10% higher than the same time last year. The median dwelling price rose slightly to $612,000, reflecting 0.8% monthly growth and 17.8% annual growth.
LISTINGS
There were 8 properties listed for sale at the end of November, down 11.1% month on month and 20% lower than a year ago. Despite a 33.3% increase over three months, stock remains tight.
LAND
Only 1 land sale was recorded in November, with no price reported. The number of listings held steady at 1 block, and land sold in a median of 7 days.
SALES TIME ON MARKET
Homes sold in a median of 8 days, one day quicker than in October. Houses in particular moved fast, with a 2-day median to sell, down from 11 days a year ago.
RENTALS
There were 4 residential leases signed in November, up 33.3% from October and double the volume
recorded a year ago. The median rent held steady at $520 per week.
RENTALS TIME ON MARKET
There were 4 rental listings at the end of the month, down 20% from October but 300% higher than this time last year. Homes leased in a median of 25 days, 1 day slower than last month but still well within typical timeframes.
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