This property market update will provide insight into the local house market in Kellyville Ridge NSW 2155 for September 2021.
The number of houses sold (indication for the supply).
In Kellyville Ridge this September, 7 houses have been sold. This number is less than the September monthly average within the past three years, where 7.5 homes sold which indicates a lower house supply.
Four of the properties sold were 4-bedroom houses (57%), two were at least 5-bedroom (29%) and one 3-bedroom house (14%).
This result is consistent with 2021, 75 houses sold were 4-bedroom houses (59%), 41 were 5 -bedroom houses (32%) and 11 were 3-bedroom houses (11%).
Property selling methods: auction vs private treaty.
All of the houses were sold through private treaty / by negotiation.
For comparison, in 2021: 83% of properties were sold by private treaty, and 17% at auction. The auction clearance rate for Kellyville Ridge in 2021 is 78.57%.
➞ Related: When you are selling which selling method is better: auction vs private treaty.
Average days on the market (indication for the demand).
In September 2021, the average days on the market for all properties were 27 days, seven days longer to sell than the average days within 12 months, which indicates a lower buyer demand or competition.
A three-bedroom house takes the shortest time to on the market (21 days), followed by a four-bedroom (average of 30 days) and a five-bedroom house (24 days).
This data is the opposite with 2021 so far, where a three-bedroom house takes the longest time on the market (average of 39 days), followed by a four-bedroom (average of 23 days) and a five-bedroom house (20days).
Median sold prices.
The median price for all houses was $1,410,000 (35% increase from September 2020 median price of $1,047,500 and 4% increase from this year median of $1,350,000).
The highest price for a house was $1,750,000 (The highest this year is $2,313,000).
The median for a three-bedroom house was $1,280,000 (20% higher than 2021 median so far, $1,070,000).
The median for a four-bedroom house was $1,470,000 (12% higher than 2021 median so far, $1,310,000).
The median for a five-bedroom house was $1,481,000 (2% higher than 2021 median so far, $1,445,000).
Conclusion.
In summary, the property market in Kellyville Ridge remains strong, supported by low supply of houses and strong demand by the buyers, showed through the median selling price across three to five-bedroom houses in the suburb outperforming the 2021 median price.
It's important to stay updated with your local property market, so if you want to know the value of your property in this current market, you can start with Kellyville Ridge house value assessment.
Irving Gunawan | RayWhite Kellyville
📞 0468 956 677
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