In the past 14 days three new listings have hit the market in the core residential area over $700 000.
19 of the 48 properties currently on the market have had a price reduction of an average of 6.75 percent of the original listing price.
The average days on the market for all current listings is 69.2 days.
The highest priced property in Wembley is 129 Gregory Street at $1.975 million.
The cheapest is 80 Herdsman Parade at $729 000.
The street with the most amount of homes for sale is Jersey Street with seven properties on the market.