It turned out that more than half of apartment transactions in the Seoul metropolitan area priced over 1.5 billion won and up to 2 billion won set new record highs last month.
According to ZIGBANG CO. on the 10th, among apartment transactions in the Seoul metropolitan area in July, the share of record-high transactions in the over 1.5 billion won to up to 2 billion won range rose to 53.8% from 47.9% a year earlier. This is the highest share among price bands.
Looking at the share of record highs within each price band, apartments over 600 million won and up to 900 million won climbed 14.2 percentage points (p) to 20.7% in July this year from 6.5% a year earlier. Those over 900 million won and up to 1.2 billion won rose 20.6%p to 36.7% from 16.1%.
The over 1.2 billion won to up to 1.5 billion won range increased 23.6%p to 47.0% from 23.4%, the largest gain. The over 1.5 billion won to up to 2 billion won range also rose to 53.8% from 47.9%, recording the highest share of record highs among Seoul metropolitan area price bands.
By contrast, the share of record highs among transactions at 300 million won or less fell to 1.5% from 3.5%. The over 300 million won to up to 600 million won range edged up to 5.0% from 4.1%, but compared with price bands of 600 million won or more, the share of record highs was lower.
ZIGBANG CO. said, "While the composition of transaction price bands changed relatively gradually, the share of record highs differed by band and expanded mainly in ranges of 600 million won or more," adding, "Even within price bands where transactions are steadily occurring, prices continued to be renewed, confirming differences in market trends by band."