Lake Macquarie West - Hunter - Sale Price Report
Posted on November 15, 2023 • 10 minutes • 1943 words
Property analysis sections
Welcome
Welcome to the Property Panther Lake Macquarie West sale price report! We value your feedback. Please take a moment to complete our survey and help us improve our property analysis.
Who is this useful for?
Home Buyers:
Understand property affordability in your preferred suburb. Get a detailed breakdown of property types and prices, market dynamics including time on market and transaction volume.
Investors:
Use our report to determine the right time to invest. Gain a comprehensive view of property demand, transaction volume, and current market situation to guide your strategies.
Sellers:
Get insights on potential selling time based on market trends. Understand market pace from ‘Time On Market’ and ‘Transaction Volume’, and learn to price your property competitively from ‘Property Price’.
Location Overview
Welcome to Lake Macquarie West, where picturesque landscapes meet vibrant communities. With a wide range of housing options, from waterfront properties to suburban family homes, this area offers a relaxed and outdoorsy lifestyle, perfect for those seeking a peaceful retreat by the lake.
Last Month Property Summary
In Lake Macquarie West in Hunter Region, the market has shifted towards a buyer’s market as the median days on market has increased from 35 to 62 and the number of new sale listings has decreased from 69 to 23, while the median sold price has slightly increased.
Property Type Breakdown
Discover the diverse property stock of Lake Macquarie West in NSW, where welcoming houses claim nearly half of the market, followed closely by attractive new house and land packages, inviting prospective homeowners to begin anew with ease.
Property Demand - Time On Market
Looking at the number of days it takes to sell a property is a good indicator of the amount of demand in a market because it shows how quickly properties are being purchased, reflecting interest and competition among buyers.
Time On Market - Overall
This chart shows how many properties were sold in Lake Macquarie West during the month of September. Each bar in the chart represents a range of days that properties were up for sale before they were sold. Properties that were on the market for more than 200 days are not included.
The average monthly change in the Days on Market for properties in Lake Macquarie West during the period shown below was 2 days.
This chart shows the trend of Days on Market over time. Each point on the line represents the average number of days a property was on the market before being sold in a particular month.
Time On Market - By Property Type
Time On Market - By Suburb
Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
Property Price
Price - Overall
This chart shows the distribution of property sale prices in Lake Macquarie West during the month of September. Each bar in the chart represents a range of prices for properties sold.
The average monthly change in the median sold price of properties in Lake Macquarie West during the period shown below was $1630. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
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