Weekly Market Pulse - 6th December 2018
We are getting closer to the end of the year and ever so closer to a slowdown in the property market for a week or two. Right now however we are still seeing properties go under contract. The buyers are not withdrawing from the market just yet.
This year we have seen some great prices achieved in the top end of the market with a house at Bargara selling for $1.45m, the residential property record for highest sale price 2018. We have also seen some low prices with the cheapest house, also taking out the record, this time the lowest price in 2018 which was a 3 bedroom one bathroom timber home selling in Walkervale for $65,000.
This year to date the report number of sales is 1636 properties in the 4670 postcode. Last year to the same date there was 1814 properties sold in the 4670 postcode. These figures include units, houses, land and commercial properties. While the reported figures can be a couple weeks behind it does appear the 2018 market volume has decreased compared to last year but there are 3 weeks to go and the market is not slowing down yet.