How to get the best price on your house in Scottsdale
Scottsdales real estate prices are climbing again, with a recent price index that shows the median price of a home at the north Scottsden property park up by more than $1,500.
The index for the year ended June 30 is up 3.9 per cent from a year earlier, according to property market research firm Nymo, which compiles data from a range of real estate sources.
The median home price in Scotksdale is now $7,800, up 4.5 per cent since January, according the Nymos survey.
The index also shows a slight upturn in the median prices of properties in neighbouring Sydney and Melbourne, with prices up 6.2 per cent and 6.7 per cent, respectively.
However, Sydney’s median price is up 7.7 percent compared with last year.
Melbourne’s median home value is up 1.3 per cent.
The survey showed prices in Sydney’s outer suburbs were up 0.5 percent over the same period, while Melbourne’s median was up 1 percent.
The latest Nymobo data is based on an index that covers the period January to June, with the median priced at $9,800 in January and $11,600 in June.
It is the second straight year that the median has risen in Sydney, with it up 5.6 per cent over the last year and a half.
Nymo said that while Sydney’s average price has remained relatively flat, Melbourne’s is up more than 4 per cent compared with the same time last year, and Sydney’s suburbs are up 5 per cent or more.
However, Nymomo said Melbourne’s suburbs were more affordable than Sydney’s, which is down 2.6 percent from last year’s average.
Topics:real-estate,property,market-and-utilities,wealth-and ofc,saudi-arabia,sydney-2000,sydney-airport,syrian-araby-2070First posted July 20, 2018 11:59:59More stories from Australia