Elit Avenue in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM1.58 million and a median price per square foot (PSF) of RM1,072.

This area contains both residential and commercial properties. View 1 residential properties or 8 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM1.58 million, with most transactions falling within a stable range of RM1.55 million to RM2.26 million, and a typical market range of RM1.55 million to RM1.88 million.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

The median PSF stands at RM1,072, with core pricing between RM907 and RM1,236. Market pricing typically extends from RM910.96 to RM1,232.96, reflecting moderate variation in unit pricing. The spread of RM322.00 (IQR) and deviation of RM164 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.