FORESTVILLE

FORESTVILLE in Barat Daya, Penang recorded 21 subsale transactions in 2022, with a median price of RM 500K and a median price per square foot (PSF) of RM 497.

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 500K, with most transactions falling within a stable range of RM 472K to RM 528K, and a typical market range of RM 479K to RM 521K.

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

For price per square foot, the median is RM 497, with most transactions between RM 470 and RM 524. The usual range is RM 469.38 to RM 524.63, showing that most units are priced quite close to each other. With an IQR of RM 55.25 and MAD of RM 27, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Moderate transaction volume may require patience when buying or selling.