New England - North West - New England - Sale Price Report

Posted on November 15, 2023 • 25 minutes • 5165 words

Property analysis sections

Welcome
- Who is this useful for?
Location Overview
Last Month Property Summary
Property Type Breakdown
Property Demand - Time On Market
Property Transaction Volume
Property Price

Welcome

Welcome to the Property Panther New England - North 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 the charming region of New England - North West, located in New South Wales. Known for its picturesque landscapes, this area offers a diverse housing stock ranging from historic cottages to modern suburban homes, accommodating various lifestyle preferences for potential property buyers.

Last Month Property Summary

In the North West region of New England, there has been a shift towards a seller’s market as reflected by a decrease in new sale listings, a decrease in median days on market, and an increase in median sold price.

Property Type Breakdown

New England - North West in NSW Australia offers a diverse property stock, with houses being the most sought-after option at 49% of listings, followed by vacant land (19%) and rural properties (17%), providing a range of opportunities for buyers to find their perfect piece of this picturesque region.

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 New England - North 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 New England - North West during the period shown below was 0 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 New England - North 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 New England - North West during the period shown below was $5761. The trend shows an increase in the median sold price over time.

Price - By Property Type

Price - By Suburb

Thanks for reading our property analysis! We value your feedback. Please take a moment to complete our survey.