Property Market Not Slowing Down

Article from REIWA & Pulse Property Group

December 7th, 2021



Sales activity increased nine per cent in Perth during November 2021, with reported sales data showing the average weekly sales figure was 1,048 during the month, which is 24 per cent higher than November 2020.


Our sales team have sold 7 properties, with multiple offers being written in a competitive buyer environment.


REIWA President Damian Collins said the spring selling season had turned up a notch, with November marking the fourth consecutive month of increased sales.


“It was another strong month of sales in Perth, with REIWA members on the ground reporting high sales turnovers across all price points. The Perth residential sales market is in a very good position for further growth as we exit 2021 and move into 2022,” Mr Collins said.


Rossmoyne and Shelley have both seen price growth with Rossmoyne increasing to $1,270,063 and Shelley to $880,666.


Listings for sale

“As is typical for this time of year, we’ve seen a steady increase throughout spring in the number of properties for sale in Perth as sellers look to capitalise on the strong market conditions,” Mr Collins said.


Our sales team have listed 8 new properties in the last week, with the local property market showing no signs of slowing down;


Between their unique sales campaigns and exceptional market knowledge, our team is achieving more profitability for our owners and helping more families upsize, purchase their first home or invest in their future.


Time on market

The median time to sell a house during November was 14 days, which is one day faster than it took in October and eight days faster than November 2020.


Our team sold properties very quickly in November, with the median time to sell less than two weeks, illustrating buyers are needing to act swiftly in this market and put in competitive offers to ensure they don’t miss out on a property.


If you’d like to be added to our VIP buyers list, contact our team on the below details; you’ll be sent a VIP notice of new properties before they go public.


0477 997 288



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