Page 10 - REIWA.com Market Update / June Quarter 2017

PERTH METRO REGIONLISTING STOCK AND SELLING DAYSThe total number of listings for sale on reiwa.com counted 14,037 across houses, units, and vacant land at the end of June 2017. This is 5.3 per cent lower than levels seen during the prior quarter. On average, it took 75 days to sell during this time.TOTAL LISTINGS ARE DOWNPERTH METRO REGION LISTING STOCK AND SELLING DAYSSource: Landgate/REIWA ©-5.4%18,000 8070 60 50 40 30 20 1016,000 TO 14,00014,037 12,000 10,0008,000 6,000 4,000 2,00054.95%OF SELLERS ARE DISCOUNTING00Listings for Sale (LHS) Average Unit Selling Days (RHS)SELLER SENTIMENTOverall market sentiment in the Perth Metro region remains subdued at -1.3 per cent. Approximately 1 in 2 vendors o er some form of discount on their property. The average discount was 6.66 per cent against original listing prices during the June quarter. Properties priced between $350,000 and $500,000 averaged a market discount of 6.8 per cent in comparisonto the six per cent discount seen on properties sold at the higher $600,000 to $725,000 price range and 7.6 per cent for properties priced above $1 million.SELLERS ARE DISCOUNTING BYPERTH METRO REGION SELLER SENTIMENTSource: Landgate/REIWA ©1.00 % 0.00 % -1.00 % -2.00 % -3.00 % -4.00 % -5.00 % -6.00 % -7.00 % -8.00 %Average Market Discount (RHS)6.66%70.00 % 60.00 % 50.00 % 40.00 % 30.00 % 20.00 % 10.00 %0.00 %RD Vendor Discounting (LHS)RD Overall Market Sentiment (RHS)10 | REIWA.COMMARKETUPDATE | JuneQuarter2017Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017