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August 30, 2022
During the first months of this year, Medellín’s real estate market showed significant growth, thanks to government subsidies for home purchases and the new preferences people have when choosing their living spaces. In this study conducted by La Lonja – El Gremio Inmobiliario de Medellín y Antioquia, you will find information on the behavior of used housing in various areas of the city, as well as supply levels, average rental and sales times, and price-rotation indicators.
In the first four months of this year, apartments for sale in El Poblado and other residential properties spent an average of 234 days on the market, representing a 9.5% decrease compared to the same period of the previous year. Additionally, the number of houses for sale in El Poblado increased by 26%.
On the other hand, apartments for rent in El Poblado spent an average of 116 days on the market before being leased, which represents a 3.4% decrease compared to what was observed in the first four months of 2021.
This area includes neighborhoods such as Patio Bonito, Los Balsos 2, Santa María de los Ángeles, Las Lomas 1 and 2, Alejandría, Lalinde, Castropol, La Florida, and La Aguacatala.
In this area, during the first four months of the current year, apartments for sale in Envigado remained on the market for an average of 183 days, which represents a 2.3% decrease compared to the same period of the previous year. The number of houses for sale in Envigado increased by 20%. These figures are very positive for those looking to put their properties up for sale, as demand and interest have increased.
As for apartments for rent in Envigado, they stayed on the market for an average of 90 days before being leased, which is 25% less than what was observed in the first four months of last year.
This area includes the neighborhoods of Zúñiga, Bosques de Zúñiga, El Esmeraldal, La Orquídea, and Altos de Misael.
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Apartments for sale in Sabaneta remained on the real estate market for approximately 278 days, which represents a 17% decrease compared to what was recorded in 2021.
Likewise, apartments for rent in Sabaneta were available for 192 days before being occupied by tenants, which is 9% less compared to the same period of the previous year.
This area is located between Carreras 40 and 43 and Calles 50 South and 60 South, as well as within the polygon delimited by Carreras 35 and 46, and Calles 70 South and 80 South.
In this area, during the first four months of the year, apartments for sale in Laureles remained on the market for approximately 176 days before being sold, which is 19% less than what was recorded in the same period last year. In this sector, the increase in sales reached a significant 67%, the highest percentage in this study, positioning Laureles as one of the most in-demand areas in the city.
As for apartments for rent in Laureles, they remained available on the market for 109 days, representing a 29% decrease compared to the previous period.
This sector includes the neighborhoods of Lorena, Laureles, Bolivariana, and Las Acacias.
Apartments for sale in Belén were on the market for 193 days before being sold. These figures are similar to those recorded in the first four months of 2021; however, sales increased by 6%.
On the other hand, houses for rent in Belén remained on the market for 111 days, which represents a 31% increase compared to what was observed during 2021.
This analysis allows us to have a broader overview of how housing has behaved in some areas of the city. Additionally, it is information that can encourage property owners to put their properties on the market. Demand continues to rise, which indicates that this is the right time to have properties available in the real estate market.
Below, we present the general data.
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