Our Development ID platform recorded $147,725,199 in sales last month, across a total of 104 stock transactions.
Stock priced at $500k and under decreased from 25% in July to 11% in August, while the $500k-$750k price range saw a slight increase from 14% to 15%. Interestingly, the $750k-$1m tier was the most transacted price range in August, accounting for 23% of sales, up from 21% last month.
Product in the $1m-$1.5m range remained stable at 17%, while the $1.5m-$2m range experienced a considerable increase, from 5% in July to 14% last month.
At the higher end, stock priced between $2m-$3m rose from 11% in July to 14% in August, while $3m+ stock declined slightly, from 7% in July to 6% in August.
Off-the-plan transactions in August showed similar buyer preferences to July by bedroom configuration, particularly for 2- and 3-bedroom residences.
3-bedroom transactions jumped significantly from 12% in June, to 22% in July, and then to 37% in August. Meanwhile, 4-bedroom stock decreased slightly, from 4% in July to 2% last month.
1-bedroom stock, previously the most transacted product type, fell to the third most popular, with its share of transactions decreasing from 44% to 26%.
This month, 2-bedroom stock increased, from 30% in July to 35% in August.
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