FORESTVILLE

FORESTVILLE in Barat Daya, Penang recorded 14 subsale transactions in 2024, with a median price of RM 500K and a median price per square foot (PSF) of RM 493.

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 547K, 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 493, with most transactions between RM 449 and RM 537. The usual range is RM 465.38 to RM 520.63, showing that most units are priced quite close to each other. With an IQR of RM 55.25 and MAD of RM 44, 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. Limited transaction history suggests carefully evaluating comparable sales data.