Sharp drop in days on market in St Leonards: PRDNationwide

Property ObserverMarch 26, 20150 min read

The heat of the apartment market in the Sydney suburb of St Leonards is apparent in new research from PRDnationwide when it comes to days on market.

Vendors only required 16 days on the market during the fourth quarter of 2014, down from 43 in the previous quarter and a high of 78 days in 2014's second quarter.

But the vendors appear to be over-reaching in price expectation, with the private treaty discount required to secure a sale going up in the December 2014 quarter. 

Rental yields appear to have peaked. 

Source: PRDNationwide

Property Observer

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