Nedlands Market Update

by Morgan Sudlow | 18/07/2017 4:40:55 PM

Nedlands Property Report

 

The size of Nedlands is approximately 6 square kilometres. It has 6 parks covering nearly 9% of total area. The population of Nedlands in 2006 was 10,022 people. By 2011 the population was 10,170 showing a population growth of 1% in the area during that time. The predominant age group in Nedlands is 0-14 years. Households in Nedlands are primarily couples with children and are likely to be repaying between over $4000 per month on mortgage repayments. In general, people in Nedlands work in a Professional occupation. In 2006, 68.6% of the homes in Nedlands were owner-occupied compared with 68.4% in 2011. Currently the median sales price of houses in the area is $1,440,000.

With Recent information collected by CoreLogic RP Data, Nedlands, April this year the median sales price for a home in Nedlands was $1440,000, although down $60,000 from the same time last year, it is still up by $60,000 from April 2013.

With 139 properties sold in Nedlands in the past 12 months, the majority (97 properties) were sold between $1 and $2 Million dollars, with 23 properties sold for over $2 Million.

In the past 10 years Nedlands has seen the median house prices change as much as -19.23% in 2007 to +11.65% in 2013, and most recently in 2016 -0.66%.

 

 

 

Recent Median Sale Prices (Past 5 years)


Median Sales Price

Year 2013
Year 2014
Year 2015
Year 2016
Year 2017
Period
Median Price
Median Price
Median Price
Median Price
Median Price
January
$1,365,000
$1,500,000
$1,585,500
$1,515,000
$1,498,000
February
$1,355,000
$1,512,500
$1,575,000
$1,515,000
$1,448,500
March
$1,360,000
$1,510,000
$1,600,000
$1,500,000
$1,440,000
April
$1,380,000
$1,520,000
$1,575,000
$1,500,000
$1,440,000
May
$1,395,000
$1,540,000
$1,575,000
$1,520,000
n/a
June
$1,400,000
$1,550,000
$1,575,000
$1,500,000
n/a
July
$1,425,000
$1,577,250
$1,530,000
$1,500,000
n/a
August
$1,445,000
$1,577,250
$1,530,000
$1,500,000
n/a
September
$1,465,000
$1,580,250
$1,530,000
$1,500,000
n/a
October
$1,470,000
$1,600,000
$1,500,000
$1,500,000
n/a
November
$1,470,000
$1,592,750
$1,525,000
$1,495,500
n/a
December
$1,485,000
$1,600,000
$1,505,000
$1,495,000
n/a
Statistics are calculated over a rolling 12 month period


Recent Median Sale Prices (Past 12 Months)



Recent Median Sale Prices (House)

Nedlands
Period
Median Price
April 2017
$1,440,000
March 2017
$1,440,000
February 2017
$1,448,500
January 2017
$1,498,000
December 2016
$1,495,000
November 2016
$1,495,500
October 2016
$1,500,000
September 2016
$1,500,000
August 2016
$1,500,000
July 2016
$1,500,000
June 2016
$1,500,000
May 2016
$1,520,000
Statistics are calculated over a rolling 12 month period
Sales By Price (Past 12 Months)



Sales By Price - (House)

Nedlands
Price
Number
<$200K
1
$200K-$400K
0
$400K-$600K
2
$600K-$800K
6
$800K-$1M
10
$1M-$2M
97
>$2M
23
Statistics are calculated over a rolling 12 month period
Change in Median Price (Past 10 Years)



Change in Median Price (House)

Nedlands
Period
% Change
Dec 2016
-0.66%
Dec 2015
-5.94%
Dec 2014
7.74%
Dec 2013
11.65%
Dec 2012
-13.78%
Dec 2011
-4.78%
Dec 2010
5.19%
Dec 2009
-4.64%
Dec 2008
4.19%
Dec 2007
19.23%
(All information direct for CoreLogic RP Data)


If you or someone you know are thinking of selling a property in Nedlands, please
contact our office for further information or to speak to one of our professional, friendly and experienced sales team.

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