East Fremantle Market Report
QUARTER ONE 2024
Market Update
At the beginning of the new year, the demand for homes in East Fremantle has led to an outstanding 18.8% increase in the median house price over the last 12 months.
I am continuing to find that many of the homes I represent for sale in East Fremantle are receiving multiple offers and selling in record times. This is in line with the reduced supply of available properties to purchase which has fallen by 23.6% over the course of the last year and this major imbalance has led to an average number of days on market sitting at just 17.
Favourable selling conditions are expected to lead us into the second half of 2024 as buyers are being encouraged into the market at increasing numbers following the Reserve Bank decision to place a hold on interest rates.
Rental market conditions remain strained and this continues to add further pressure to other areas of the market as renters are forced to consider their purchasing options.
As the local housing market continues to be dynamic, staying informed when making property decisions will be crucial for navigating the evolving landscape.
Sarah
0474
Bourke
310 500 sarah.bourke@raywhite.com
Q4 2023 Sales 85A Alexandra Road 4 2 2 $2,200,000 25 Bedford Street 3 1 2 $1,765,000 Address Beds Cars Price Baths 45 Glyde Street 2 1 - $975,000 7 Gordon Street 3 2 1 $1,585,000 9 Habgood Street 4 2 1 $2,075,000 69 Irwin Street 4 2 1 $2,080,000 41 Irwin Street 4 2 2 $2,175,000 21 Irwin Street 2 2 1 $1,300,000 * 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 572 663 508 562 736 450 1012 70A Irwin Street 4 2 2 $1,565,000 82 Irwin Street 3 1 2 $1,450,000 138 Marmion Street 5 3 2 $2,100,000 65 Oakover Street 3 1 1 $895,000 3 Osborne Road Land $500,000 1012 553 1012 1007 438 192 170 Preston Point Road 4 3 2 $2,700,000 175B Petra Street 3 2 3 $1,750,000 466 1012 7 Reynolds Street 5 4 2 $3,500,000 290 9 Reynolds Street 3 2 2 $1,370,000 217 55 Sewell Street 2 1 - $1,105,500 254 75 Sewell Street 2 1 - $850,000 254 28A Staton Road Land $1,200,000 863 73B Staton Road Land $895,000 450 4 Tondarup Way 3 2 2 $1,305,000 450
Sarah Bourke
Selling East Fremantle
0474 310 500
sarah.bourke@raywhite.com
Ray White Dalkeith | Claremont
1/10 Stirling Road, Claremont
raywhitedalkeithclaremont.com