The Meadowridge Property Market in 2019
Category Market Update
Meadowridge remains a popular suburb for buyers of freehold and sectional title properties. According to Propstats the number of sales in Meadowridge averages 1 per month for the second half of 2018 and the first 8 months for 2019 reflects an average of 1 to 2 sales per month.
Comparisons between 2018 & 2019:
|
2018 |
2019 |
| Average sales per month |
1 |
1 |
| Average list price |
|
|
| Average sale price |
|
|
| Average differential between list and sale price |
|
|
| Average number of days listed |
|
|
The above statistics reflect that the Meadowridge Property market remains active and that the properties that are correctly priced, will sell.
We are however noticing that the higher priced properties are taking longer to sell and tend to be victims of price reductions.
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Author: Seeff Southern Suburbs
