Riverina - Riverina - Sale Price Report
Posted on November 15, 2023 • 21 minutes • 4382 words
Property analysis sections
Welcome
Welcome to the Property Panther Riverina 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 vibrant region of Riverina! Known for its stunning landscapes, charming rural towns, and rich agricultural heritage, Riverina offers a diverse housing stock ranging from spacious country estates to modern suburban homes, catering to a variety of lifestyles.
Last Month Property Summary
In Riverina Region, it appears that the market has shifted towards a buyer’s market from the prior month, indicated by a decrease in new sale listings, an increase in median sold days on market, and a higher median sold price.
Property Type Breakdown
In the vibrant property market of Riverina in NSW Australia, house listings dominate the scene, accounting for approximately 49% of the available properties, closely followed by vacant land and rural properties, each comprising 22% and 10% of the market, respectively, offering plenty of options for those seeking to build their dream home or embrace the scenic countryside. With a diverse array of properties, including acreage/semi-rural, new house & land, specialist farm, and farm properties, making up the remaining 19%, there is undoubtedly something for everyone in this sought-after 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 Riverina 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 Riverina 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.