Perth East Real Estate Statistics

Perth East real estate average sold price in the last 30 days (January 21 - February 19) was $781,200, which is $158,800 (20.3%) lower than the average price of $940,000 in the previous 30 day period (December 22 - January 20), and $146,450 (18.7%) up from the same period 1 year ago ($634,750). Perth East real estate prices over the last 30 days are also $157,447 (20.2%) higher than the average selling price of $623,753 over the past year.

Perth East average sold price for homes was $781,200 in the last 30 days (January 21 - February 19), which is $158,800 (20.3%) down from the average home price of $940,000 in the previous 30 day period (December 22 - January 20), and $146,450 (18.7%) higher than the same period 1 year ago ($634,750). In the last 30 days Perth East the average home price was $149,755 (19.2%) higher than the average selling price of $631,445 over the last 12 months.

Average selling price for Perth East real estate was $781,200 in the last 30 days (January 21 - February 19), which is collectively $63,180 (7.6%) lower than the average asking price of $834,760. This represents a decline of $34,914 (123.5%) compared to $28,266 (3.1%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Perth East during the last 12 months was recorded in May, 2024 with an average of $120,100 over the asking price, while the minimum occurring in June, 2024 with $37,500 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Perth East was 100.0% with 5 properties sold and 1 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 300.0% recorded during the previous 30 day period (December 22 - January 20), and a decrease from ∞ compared to the same period one year ago.

Over the the last year the highest SNLR in Perth East was 200.0% recorded in August and the lowest was in October at 0.0%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 5 properties that were successfully sold in Perth East in the last 30 days (January 21 - February 19) was 46 days, which is 28 days more than 18 days average in the previous 30 day period (December 22 - January 20) and 18 days longer than during the same period a year ago (28 days).

There were 1 delisted properties in Perth East, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 60 days on the market. This is 29 days shorter than the average of 89 days during the previous 30 day period (December 22 - January 20) and 81 days less compared to the same period last year average of 141 days on the market.

1 Perth East properties that didn't sell stayed on the market 30.4% longer than 5 that sucessfully sold over the last 30 days - 46 days when sold vs 60 days when delisted respectively.

Average Days on the Market in Perth East over the past 12 months for properties that have sold was 26.6 days, with 71.0 days for those properties that did not sell.

5 new properties were listed on the market in Perth East in the last 30 days (January 21 - February 19). During the same time 5 properties were sold and 1 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 1 properties (or 20.0%).

During the previous 30 day period (December 22 - January 20) there were 1 new properties listed, 3 sold and 3 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 5 new properties listed, the slowest - October with 0 new listings and a yearly average of 2 new listings per month.

There were a total of 5 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Perth East. This is a 66.7% increase compared with a previous 30 day period (December 22 - January 20) and 25.0% up from the same period a year ago. Over the past year an average of 12 homes are were sold per month.