City Beach Market Report
JANUARY
2024
Market Update
Welcome to the first quarter of 2024! I hope you’ve had a wonderful start to the year.
Our local real estate landscape for the last quarter of 2023 sustained price appreciation, driven by a notable disparity between the limited availability of new listings and a high demand, resulting in homes selling at an unprecedented pace.
In terms of demographic shifts, Perth stands out as one of only two capital cities experiencing positive interstate migration, a trend that is influencing purchasing dynamics more substantially than international migration.
City Beach remains a thriving en clave in the real estate market, firmly establishing itself as a highly coveted suburb. Properties in City Beach are transacting swiftly, with an average time on the market of 21 days.
City Beach homeowners have witnessed remarkable capital growth, with a notable 39.7% increase over the last five years and an impressive 43.7% surge over the past decade.
I look forward to keeping you informed in 2024 and I am always here to help, so please call me anytime that I can assist with your real estate movements.
Milner $2.65M CITY BEACH MEDIAN SALE PRICE*
213 000 emma.milner@raywhite.com 13 CITY BEACH PROPERTIES SOLD Q4 2023* 2.9% CITY BEACH SALE PRICE ANNUAL GROWTH* 17 CITY BEACH HOMES CURRENTLY ON THE MARKET* 21 CITY BEACH HOME MEDIAN DAYS ON MARKET* $1500 CITY BEACH MEDIAN RENTAL VALUE*
Emma
0421
Q4 2023 Sales 2 Adina Road 4 2 1 $2,500,000 22 Alkoomie Terrace 3 3 2 $2,300,000 Address Beds Cars Price Baths 11 Boscastle Avenue 4 1 2 $4,750,000 12 Chipping Road 5 3 2 $4,100,000 10 Dampier Avenue 4 2 2 $2,200,000 6 Kalari Drive 6 2 2 $2,490,000 17 Hovea Crescent 4 2 1 $2,820,000 38 Hesperia Avenue 4 3 2 $2,700,000 * Based on the information provided by the Western Australian Land Information Authority, REIWA, Domain and Realestate.com.au. The sales results included above were performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of printing, we do not warrant or guarantee the accuracy or completeness of the data. * Sqm 1174 227 1457 870 885 986 923 9 Styne Road 5 4 2 $2,800,000 53 Tarongo Way 4 3 3 $2,950,000 12 Wayeela Place 5 3 2 $3,385,000 3 West Coast Highway 4 2 2 $2,120,000 14 Yaringa Way 5 3 3 $3,775,000 837 971 856 760 997 858
Emma
City
Ray
Milner
Beach Property Specialist
0421 213 000 emma.milner@raywhite.com
White Dalkeith | Claremont
Road, Claremont
1/10 Stirling
raywhitedalkeithclaremont.com