DESA MAR VISTA

DESA MAR VISTA in Timur Laut, Penang recorded 6 subsale transactions in 2022, with a median price of RM 378K and a median price per square foot (PSF) of RM 450.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 378K, with most transactions falling within a stable range of RM 324K to RM 432K, and a typical market range of RM 326K to RM 429K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 450, with most transactions between RM 420 and RM 480. The usual range is RM 419.88 to RM 479.13, showing that most units are priced quite close to each other. With an IQR of RM 59.25 and MAD of RM 30, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.