Our Development ID platform recorded $229,205,737 in sales transacted in July, marking another significant month of strong buyer activity.
.png)
Stock priced under $500k decreased from 30% in June to 25% in July, but was still up from 5% in May. The $500k-$750k price range dropped slightly from 17% in June to 14% in July.
While the $750k-$1m range was the most transacted tier last month at 32%, it decreased in popularity this month, attracting 21% of sales.
For stock priced higher than $1m, product in the $1m-$1.5m range experienced a modest increase from 11% in June to 17% in July, while the $1.5m-$2m range slightly increased from 4% to 5%.
Higher-end product saw demand increase, with transacted stock priced between $2m-$3m increase from 2% in June to 11% in July, and $3m+ stock increasing from 3% in June to 7% in July.
.png)
Off-the-plan transactions in July also revealed shifting buyer preferences by bedroom configuration, particularly toward 3-bedroom residences.
3-bedroom transactions jumped from 12% in June to 22% in July, while 4-bedroom stock slightly increased from 2% in June to 4% in July.
Smaller dwellings saw mixed results: 1-bedroom stock remained the most transacted product type, with its share of total sales remaining static at 44% in June and July. This month, 2-bed stock decreased in popularity, from 42% in June to 30% in July.
.png)
For more information regarding Development ID, get in touch with our team here.
