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  • Canning local area market update

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    Canning local area market update - reiwa.comreiwa.com’s latest real estate analysis of the Canning area, which comprises 13 suburbs, is based on the four week period to 30 November 2015.

    During this time, reported sales lifted 17 per cent on the previous four weeks, with local property sales sitting at 89 across land, units and houses.

    reiwa.com's analysis encompasses the following suburbs*:

    • Bentley
    • Cannington
    • East Cannington
    • Ferndale
    • Lynwood
    • Parkwood
    • Queens Park
    • Riverton
    • Rossmoyne
    • Shelley
    • St James
    • Willetton
    • Wilson

    Sales activity and property for sale

    While overall sales lifted a substantial 17 per cent in the four weeks to 30 November, the reported overall sales figure of 89 is down three per cent on the same time last year. This total sales figure is broken down into 76 house sales, nine unit sales and four land sales.

    Top selling suburbs

    Willetton 26
    East Cannington 8
    Cannington 7
    Queens Park 7
    Bentley 6
    *For the four weeks to 30 November 2015

    The number of properties for sale in the Canning area lifted eight per cent in the four weeks to 30 November, which is 31 per cent higher than the same time last year. For comparison, property listings in the overall Perth metro market are up two per cent in the four week period and 23 per cent when compared to the same time last year.

    The average number of days it took to sell a property in the Canning area increased by 12 days to 48 days for the three months to October 2015.

    Rental market

    The total number of properties leased for rent (houses and units) for the four weeks to 30 November decreased five per cent to 222, which is down from 234 in the four weeks prior. In good news though, this figure is 18 per cent higher than the same time last year, when the number of properties leased sat at 188.

    Top leased suburbs

    Willetton 42
    Cannington 27
    Bentley 25
    Wilson 25
    *For the four weeks to 30 November 2015

    The number of rental listings in the Canning area increased by 17 per cent to 506 in the four weeks to 30 November, which is up from 431 listings in the four weeks prior. Remarkably, this now puts rental listings in the area up 94 per cent on the levels seen the same time last year.

    The overall weekly median rent for this local market is $390 per week, which is $30 less per week than for the three months to October 2014.

    For more information about your local area, visit our interactive maps.

    *reiwa.com's Canning local area real estate analysis is based on the suburbs in the Canning Times newspaper distribution area.