Latest Market Update
December Quarter Market Update 2013 - Sales
The South Australian property market ended 2013 on a positive note with good indications that the upswing will continue into 2014, according to the Real Estate Institute of South Australia.
Commenting on the release of the Valuer General’s median house price data for the December quarter, REISA President, Mr Ted Piteo, said that the median house price for Adelaide had shown an encouraging rise of 3.29% from $395,500 to $408,000 over the 12 month comparison.
“This is the first time in almost three years that the median price has crossed the $400,000 threshold. This is a great result, particularly when coupled with the increase in volume of sales over the last three months”
In the December quarter, 4, 314 house settled across the Adelaide metropolitan area, while 12 months ago, the same quarter saw 3, 786 houses settled. Across the entire State, 714 more properties were sold compared to the same period last year.
Click here to download the December 2013 Market Update Report
Click here to download the September 2013 Market Update Report
Click here to download the June Sales 2013 Market Update Report
Click here to download the March Rentals 2013 Market Update Report
Click here to download the March Sales 2013 Market Update Report