Thinking about buying in Somerville? Now could not be a better time, with 6214 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,004,000 with prices in this suburb ranging from $100,000 to $5,220,000. Somerville is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Somerville Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Somerville ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The slightly lower than average earnings from occupations in Somerville changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Somerville requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale Somerville

	17 wasley st, somerville, wa, 6430	4	2	2	$699,000
	38 mosconi cir, somerville, wa, 6430	4	2	1	$547,000
	15 wortley st, somerville, wa, 6430	1	1		$320,000
	63 wortley st, somerville, wa, 6430	4	2	2	Offers from $995,000
	unit 10, casa mia, 10 great eastern hwy, somerville, wa, 6430	2	1	1	Offers from $280,000

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General Points of Interest

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