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  • Sales activity up and listings down in Karratha

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    Home buyers in Karratha are taking advantage of improved affordability in the WA real estate market, with sales activity in the area spiking in October.

    reiwa.com data shows that sales volumes in the Karratha Urban Area have been on the rise since early 2016, with sales transactions lifting from nine in March, to 37 in October – an increase of more than 300 per cent.

    Rachel Ross, REIWA agent at First National Real Estate Karratha, said she has noticed a decline in the supply of listings for sale in the Karratha Urban Area recently, with reiwa.com analysis confirming that listing levels had dropped from 161 in August to 123 in October.

    “I think local buyers recognise that it’s a great time to buy and are taking advantage of improved affordability in the area which is drying up supply. I also think a lot of people are worried they’ve missed the bottom of the market and want to take advantage of the lower prices before they start to climb back up.

    “Additionally, with the hospital going up, there will be more jobs available in the area. Karratha offers a great lifestyle, but people need job security and the hospital will assist with that,” Ms Ross said.

    Ms Ross is reiwa.com’s Top Selling Unassisted Residential Salesperson for October.

    View the reiwa.com top 30 sales winners for October.