Byron - Greater Area - Northern Rivers - Sale Price Report
Posted on November 15, 2023 • 8 minutes • 1536 words
Property analysis sections
Welcome
Welcome to the Property Panther Byron - Greater Area 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 Byron - Greater Area, a coastal paradise in New South Wales that offers a diverse range of housing options catering to an idyllic lifestyle. With its stunning natural beauty, vibrant arts scene, and a relaxed beach lifestyle, this sought-after region is a haven for property buyers looking for a slice of paradise.
Last Month Property Summary
The Byron - Greater Area in Northern Rivers shifted towards being more of a buyers market with a decrease in new sale listings, an increase in median sold days on market, and a slightly lower median sold price from the prior month.
Property Type Breakdown
With 67% of sale listings being houses, Byron - Greater Area offers a variety of residential properties for potential buyers, accompanied by a significant percentage of vacant land (9%), apartments/units/flats (9%), and acreage/semi-rural properties (5%), making it a diverse and attractive real estate market for those seeking to settle in this captivating 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 Byron - Greater Area 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 Byron - Greater Area during the period shown below was 5 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 Byron - Greater Area 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 Byron - Greater Area during the period shown below was $-28598. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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