The Silver Sands property market recorded a median dwelling price of $908,000 in August. Five sales were recorded, while just six properties were listed for sale.
The median selling period was 16 days. Residential land recorded a median price of $505,000, with two listings.
The Silver Sands rental market recorded a median rent of $630 per week, although only one property was leased. The median leasing period was 29 days.
What This Means
Limited stock means buyers searching for property for sale in Silver Sands may have fewer options. Sellers face less competing inventory, while investors should be cautious about drawing broad conclusions from the small number of August rental transactions.
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