Thursday, November 4, 2010

Top Suburbs in Perth Last Week

Some more statistics from REIWA for last week's sales and top selling suburbs in Perth last week

Property Sales for Perth #
Last Week 1045
4 weeks ago^ 960
Same week last year 1155
# Contract Sales reported by REIWA members
^May have changed due to sales falling through

Top Selling Suburbs

North of the River
Scarborough 18
Cottesloe 13
Ellenbrook 13
Nollamara 13
Morley 12

South of the River
Como 23
Baldivis 19
Gosnells 19
Armadale 13
Byford 13

Properties listed for Sale
Total* 16 833
Houses 11 068
Units 3 322
Land 2 443
*Listed on and other sources

3 months to September 2010
Average Selling Days 63
Average discount* 6.0%
*Difference between original listing and selling price

Whilst we saw an increase in activity last week, this week's interest rate announcement is likely to send a shudder through the market. So where to from here? Probably more sideways and even some downward movement in prices until the burgeoning stock of listings subsides.

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