The following statistics give an indication of the health of the property market in Ellenbrook over the last year. I have also provided days on market information for the last 4 months.
Annual Growth in Ellenbrook – 4.5%
Growth of nearby suburb Aveley – 7%
Growth of nearby suburb Henley Brook – 10.7%
Upper Quartile sales – $500,000
Median Sales – $439,000
Lower Quartile -$402,375
The above information is based on settled sales as at 21 November 2014. From 1st Oct 2013 – 30th September 2014. All information obtained from the Real Estate Industry Of Western Austrlaia (REIWA)
Average days on market for last 4 months.
August – 49 days on market
September – 49 days on market
October – 43 days on market
November – 68 days on market
Thus average time for a house to remain on the market prior to selling for the last 4 months in Ellenbrook is 52 days.