properties selling - perth

When I look around a number of suburbs directly to the north of Perth city I note that properties are all of sudden selling at a faster rate than in recent times. Is this a sign that the market has had a breather or is it simply that the market has officially got the Christmas/New Year period out of the way?

I don't know however what I do know is that the sales I'm seeing are all essentially restricted to properties valued at $550K or less.

Anything priced significantly above this is not selling, in fact the number of properties on the market in the higher price brackets ($750K upwards) are rapidly growing.

WC8