Armidale - Greater Region - New England - Sale Price Report
Posted on November 15, 2023 • 7 minutes • 1453 words
Property analysis sections
Welcome
Welcome to the Property Panther Armidale - Greater Region 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
Armidale - Greater Region in NSW offers potential property buyers a charming rural lifestyle with a diverse housing stock, ranging from historic homes to modern developments. With its scenic landscapes, vibrant arts and culture scene, and access to quality education institutions, the area appeals to those seeking a relaxed yet vibrant community to call home.
Last Month Property Summary
In Armidale - Greater Region in New England, it appears to be a more balanced market between buyers and sellers, with a slight increase in median sold price and an increase in median days on market during the current month compared to the prior month.
Property Type Breakdown
Armidale - Greater Region in NSW Australia offers a diverse property stock, with houses being the most popular choice comprising 56% of sale listings, followed by vacant land at 26% - making it an ideal region for those seeking to build their dream home or invest in land for future developments.
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 Armidale - Greater Region 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 Armidale - Greater Region during the period shown below was -4 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
43 – 47
47 – 51
51 – 55
55 – 59
59 – 62
62 – 66
66 – 70
70 – 74
74 – 78
No data
Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
0 – 0
0 – 0
0 – 0
0 – 0
0 – 0
0 – 0
0 – 1
1 – 1
1 – 18
Property Price
Price - Overall
This chart shows the distribution of property sale prices in Armidale - Greater Region 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 Armidale - Greater Region during the period shown below was $9326. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
$760,100 – 1,031,200
$1,031,200 – 1,302,300
$1,302,300 – 1,573,400
$1,573,400 – 1,844,500
$1,844,500 – 2,115,600
$2,115,600 – 2,386,700
$2,386,700 – 2,657,800
$2,657,800 – 2,928,900
$2,928,900 – 3,200,000
No data
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