Coodanup home owners have cause to celebrate after the latest Real Estate Institute of WA data showed the suburb's house prices to have jumped astronomically this year.
With a median house sale price growth of 12 per cent in the first four months of 2021, it was the ninth best performing suburb in Perth and Peel.
The median price in Coodanup rose from $292,550 to $329,000 - in just a third of a year.
It was the only Peel suburb in a list of 20 Perth suburbs that had recorded median house sale price growth of 10% or more.
A mixed bag of suburbs populate the list, with nine suburbs featuring a median house sale price below the Perth median house sale price of $508,000, while 11 sit above, with eight of those in the $1 million-plus price range.
Several Kwinana suburbs made the list as well as Perth coastal suburbs.
Median sales prices have been running hot across WA amid a COVID-19-driven sales surge here and across Australia.
REIWA president Damian Collins said the institute had forecast 15 per cent price growth in Perth by the end of the 2021 calendar year, but the 20 suburbs had either met that figure or were on track to exceed that figure well before the end of the year.
Read also: Mandurah property prices on the rise in 2021
Bicton experienced the strongest price growth in the first four months of the year, with its median house price increasing 20% to $1.14 million between 31 December 2020 and 30 April 2021.
This was followed by North Beach (up 17% to $1.05 million), Sorrento (up 16% to $1.118 million), and Applecross (up 15% to $1.79 million).
"The recovery of the market is widespread across greater Perth," Mr Collins said.
"Six to eight months ago it was mainly the higher end of the market showing strong growth, but now we are seeing movement across the board.
"From Mandurah to Yanchep, REIWA agents on the ground have been telling us that the property market is strong, and this is reflected in the eclectic mix of suburbs that have made this list.
"For these suburbs to be only a third of the way through the year and already achieving price growth of this magnitude is quite impressive. It will be interesting to see if they can maintain this momentum as the year progresses.
"If you own a home in one of these suburbs and are considering selling, now would be the time to reach out to a local REIWA agent and take advantage of these prosperous market conditions."