Nestled in the vibrant South East Melbourne region, Cranbourne West offers a perfect blend of suburban tranquility and modern convenience. Boasting a family-friendly atmosphere, excellent amenities, and promising real estate opportunities, Cranbourne West is an ideal destination for those seeking a comfortable and connected lifestyle.
Real Estate Statistics:
- Median Sale Price: The median sale price for properties in Cranbourne West stands at $640,000, reflecting the suburb’s affordability and steady market growth.
- 5-Year Median Price Trend: Over the past five years, property prices in Cranbourne West have shown consistent growth, with prices increasing gradually each year.
- Property Market Insights: In the past month, 59 houses have been available for sale in Cranbourne West, showcasing a dynamic and active real estate market. Additionally, 310 houses were sold in the past 12 months, indicating strong buyer demand and market activity.
- Median Time on Market: With a median time on market of 27 days, houses in Cranbourne West typically sell within a reasonable timeframe, underscoring the suburb’s appeal to buyers.
- Buyer Interest: Cranbourne West continues to attract significant buyer interest, with 1,834 prospective buyers actively considering properties in the area.
- Rental Yield: The suburb offers a competitive rental yield of 4.0%, making it an attractive option for investors seeking solid returns on their investment properties.
Cranbourne West boasts an array of amenities and attractions to enhance residents’ lives. From modern shopping centers and recreational facilities to quality schools and serene parks, the suburb offers everything needed for a comfortable and fulfilling lifestyle. With local real estate agents like Alex and Maureen Bartolo from Alex & Maureen Bartolo, you can easily sell your home and find the perfect buyer.
Cranbourne West stands as a sought-after destination for homebuyers, investors, and families seeking the perfect blend of affordability, convenience, and community living. Thinking of selling your home? Contact Alex and Maureen Bartolo from Alex & Maureen Bartolo today for a free market appraisal and expert advice. Don’t miss out on the opportunity to make Cranbourne West your new home – get in touch with us today!