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Swan Valley Realty – Ellenbrook Property Market Update July 13 – June 14

3. September 2014 18:46  /  swanvalleyrealtyblog Comments (0)


WELCOME TO THE FIRST ELLENBROOK PROPERTY MARKET UPDATE PROVIDED BY SWAN VALLEY REALTY. 

Each month this update will focus on sales in either Ellenbrook or Aveley or the Rental Market in both suburbs. When sales are the focus in this update will track what price houses are selling for, how long it takes to sell a house and the capital growth of properties in Ellenbrook and surrounds for the previous 12 months. The rental Update we will cover the average prices properties are renting for in Ellenbrook, Aveley and surrounding suburbs and look at the vacancy rates for these areas.

 

Ellenbrook focus from 1 July 2013 to 30 June 2014

In the upper quartile houses are selling for $495,000

In the lower quartile houses are selling for $400,000

The median sale price in Ellenbrook for the last 12 months is $435,000

On average it takes 46 days to sell a house in Ellenbrook

The approximate market variance in the past 12 months for Ellenbrook is 4.8%

Growth of nearby suburbs, Aveley 6%,The Vines 9%, Henley Brook 6.6%

 

These figures were obtained from REIWA (The Real Estate Institute of Western Australia) and are based on settled sales as at 30 June 2014.