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October surge: Development ID tops $230M amid strong demand for 3-bedroom stock

Our Development ID platform recorded $234,408,669 in sales in October, across a total of 155 stock transactions.

October transactions by bedroom configurations:

  • 1-bedroom stock decreased slightly from 33% in September to 30% in October, moving from second to third most popular.
  • 2-bedroom stock declined from 40% in September to 33% in October, jumping from most popular to second most popular.
  • 3-bedroom stock rose from 27% in September to 35% in October, becoming the most popular tier.
  • 4-bedroom stock gained some interest this month, jumping from zero transactions in September to 2% last month.

October transactions by price range:

Stock priced $500k and under decreased from 18% in September to 15% in October, while the $500k-$750k range increased from 12% in September to 18% in October.

The $750k-$1m price bracket increased from 17% in September to 22%, regaining its position as the most popular pricepoint.

Product in the $1m-$1.5m fell from 26% in September to 14%, while the $1.5m-$2m range saw a small dip from 12% to 8%. At the higher end, stock priced $2m-$3m increased from 8% in September to 11%, indicating renewed interest in upper-mid luxury stock. While $3m+ stock edged up by 5%.

To learn more about Development ID, click here.

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