|
David Reynolds
Experience the Difference 043 00 77 273
|
|
|
|
October 2008
|
The Hillarys Real Estate Times
|
Issue 05
|
|
|
|
Introduction
My name is David Reynolds and I am a licensed real estate representative. My wife and I live and work in the suburb of Hillarys and enjoy the lifestyle this region provides. |
|
Feature Article
WHAT IS A REAL ESTATE MEDIAN PRICE.. AND WHY DO WE USE IT?
The median price is the middle price in a series of sales. For example, if there are 15 sales recorded in a suburb and these are arranged in order from lowest to highest value, then the eighth sale is the median price. In the case where there is an even number of sales in a series, the median is the average of the middle two prices.
An average price is different to a median as it is calculated by adding up the value of all the sales and dividing it by the number of sales.
Median prices are generally used in property analysis rather than average prices because median prices are unaffected by a few unusually high or low prices that may skew averages. The median represents a more accurate measure of true market activity.
Whilst the median provides a general indicator of the trend in property prices for the majority of the market in a suburb, care should be taken when applying the results to an individual property as prices may be influenced by a range of unique factors including age, house and lot size and condition, with the best indicator of your property’s worth in the current market still a market appraisal from a licensed agent / representative specilising in your area.
The median price for real estate in Hillarys, for a 4 bedroom home is is $805,000. This is a rise from $680,000 in 2006. There was over 80 properties sold in Hillarys in the last financial year.
My advice is always free and there is never an obligation, just a chance for you to keep you in tune with the market.
Regards,
David Reynolds
|
|
Industry News
This suburb of Hillarys is named after Bertram John Hillary, a Gallipoli war veteran who died in 1957 at the age of 62, who set up the first beach shack on a lonely stretch of beach in 1930. That lonely stretch of beach eventually came to be named after its best known inhabitant, courtesy of the Army which had use of the land during World War 2. The name was suggested as a suburb name by the Shire of Wanneroo, and was approved by them in 1971. |
|
Just Listed!
Nollamara $475,000
Inspection by Appointment. 46 Nollamara Ave
POTENTIAL TRIPLEX SITE ACROSS FROM SHOPS
728sqm Zoned R40
Rectangular block with 18m Frontage
Holding income with tidy 3x1
Easy access to Wanneroo Road
Close to schools, doctors etc
Call the listing agent who understands development!
David Reynolds 0430 077 275
|
|
Real Estate of the Week
Location.. Location and (yes you guessed!) .. Location! This magnificent block would have to be one of the best real estate in Hillarys! With uninterupted ocean views, this 700 square metre block can never be built out. It is very rare that such an excellent lot comes to the market and will not last long... |
|
Experience the Difference
I look forward to helping you with all your Hillarys real estate requirements. I am available 24 hours a day... 7 days a week... to assist you in either buying or selling property in Hillarys. If you have any real estate questions, please feel free to ring me..
No obligation.. No hassles.. and NO pressure!
Best Regards..
David Reynolds
|
|
|
|
|
Copyright
© 2008 David Reynolds for Real Estate in Hillarys. All Rights Reserved.
|
