Perth Sale Listings Hit 10-Year Low
It’s the seventh consecutive month listings for sale had declined in Perth.
By Terry Christodoulou
Tue, Mar 2, 2021 2:18am
2 min
2 min
Perth’s sale listings dropped to a 10-year low in February, with reiwa.com counting 7,899 listings at the end of the month.
This marks the seventh consecutive month of declining listings numbers in Perth according to REIWA President Damian Collins.
“In the span of a year, listings have dropped 36.5 per cent to now sit below 8,000 for the first time in about a decade. Buyers are very active in the market and soaking up stock at a rapid pace,” Mr Collins said.
Data from reiwa.com shows that the median sale price in Perth in February was $490,000.
“There were 50 Perth suburbs that saw their median sale price increase in February,” Mr Collins said.
“The suburbs with the biggest increase were East Fremantle (up 5.7 per cent), South Yunderup (up 5.2 per cent), Seville Grove (up three per cent), Cloverdale (up 2.7 per cent) and Ballajura (up 2.5 per cent).”
“Yes, property prices have increased in the last six months, but they remain below what they were five years ago so there are still good deals to be had.”
Further, data collected by reiwa.com shows the median time to sell a property was 21 days in February, which was on par with January, but some 25 days faster than it was in February of 2020. According to Mr Collins, houses in Perth haven’t sold that fast since 2006.
Perth’s rental market saw only 2,839 properties listed for rent at the end of February, according to reiwa.com data.
“This marks the sixth consecutive month we’ve seen listings sit below 3,000. Perth desperately needs an influx of rental stock in the market to provide renters with more housing options,” Mr Collins said.
Perth’s median rent price held at the five year high of $400 per week in February, which is on par with January and $40 more per week than February 2020.
“reiwa.com data shows 258 Perth suburbs saw an increase in rent during February.”
To compound the issue there were 186 Perth suburbs that recorded an increase in leasing activity during the month. It took a median of 19 days for a lessor to find a tenant for their property in February.
“Median leasing days are the lowest they have been since June 2013. Like we are seeing in the sales market, with so few available listings, tenants are having to act very quickly to secure a rental,” Mr Collins said.
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The imposing stone structures, with towers, turrets and a hot tub room, lord over the landscape near the mountain resort town of Sandpoint.
By Liz Lucking
Mon, Jul 13, 2026 2 min
2 min
Idaho is not a place that’s often associated with Medieval castles, but a pair have just hit the market for $6.25 million.
The imposing stone structures have towers, turrets, ramparts, arrow-slit windows and even a drawbridge, and might just be the most authentic-looking castles this side of the Atlantic.
“Who expects to see a castle like this in Idaho?” said listing agent Brenda Burk of Coldwell Banker Schneidmiller Realty, who brought the property to the market last week. They are, she said, “extremely unusual.”
Schweitzer Castle and Château de Melusine, as they’re known, stand within Schweitzer Mountain Resort in the Selkirk Mountains and overlook the nearby mountain resort town of Sandpoint. They take in panoramic views of Lake Pend Oreille, Idaho’s largest lake.
The pair of ski-in/ski-out homes each have three bedrooms, two bathrooms and three stories, Burk explained. They are “so authentic,” she said. “Every single stone was handlaid.”
Schweitzer Castle, she said, wasn’t built for “functionality,” but has been modernized and adapted and now has everything a 21st-century residence requires, along with a dungeon, which for some buyers may also be a requisite.
The chateau, meanwhile, has a hot tub room with mountain views, as well as a garage.
The property is being sold furnished, and will come complete with the hand-carved statues, armor, mounted swords, stained-glass windows and a host of antiques dating to the 15th and 16th centuries.
The owner, an antique collector who couldn’t be reached for comment, “is always looking for that hidden jewel and he found that here,” Burk said.
The next custodian is likely to stem from a varied pool of buyers, Burk said, that would include “the trophy-home buyer, someone who can say ‘I own a castle.’”
The property could also appeal to someone looking for a vacation home, or a multi-generational estate, and beyond that “there’s the dreamers,” she said. “We definitely try to market to people who like Medieval history or maybe do Renaissance fairs.”
The seller “really wants it to go to someone with the same passion.”
