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Kellyville Market Snapshot

  • July 31, 2017
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Kellyville Market Snapshot

Kellyville Market Snapshot

Being a market leading agent in Kellyville, it has been a very interesting 12 months to say the least! We have ridden peaks and troughs and particularly over the last 3 months, we have seen the buyer pool shrink with more properties spending longer days on the market. This has forced owners to re-think their motivation for selling and assess whether to stay on the market, to rent their property or to remain in their property until the market shifts in their favour again.

My team and I like to be well informed at all times and being experts in the Kellyville market, are well qualified to talk to potential vendors about their options if they are considering selling their property. The following sales information has been compiled from RP Data for the period 1 July 2016 to 30 June 2017. I hope you find this a useful snapshot and gives you insights into the property trends of Kellyville.

Kellyville Market Snapshot 2016/17

  • Total number of houses sold: 424
  • Total number of units sold: 24
  • 52 properties have been excluded from the sales statistics as their sale price was not disclosed. So, in total, 500 properties were sold, however, we only have the sales figures for 448.
  • Median House Sale Price: $1,180,000, which is a 0.9% increase on last year
  • Median Unit Sales Price: $844,500, which is a 6.6% increase on last year
  • Supply of homes: flat – 500 properties were sold in 2016/17 compared to 500 in 2015/16

Currently on the market in Kellyville there are 225 houses. During the month of July 2017 there were 35 property sales, whereas in July 2016 there were 63 property sales, representing a large decline on last year of 44%. Winter is traditionally a quieter time in real estate and we expect more owners to come on the market to capitalise on the spring selling market.

This is just a brief snapshot on the Kellyville market. If you would like more detail or have any questions about the current market and what value your property may hold, please get in touch with me today.

Corie Sciberras

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