Armadale is one of the suburbs where the current flight to quality is landing most clearly. The classic period home is in real demand, with three-bedroom houses near $2.106m clearing at around seven in ten in roughly five weeks, as buyers compete for solid, well-located homes with character and good outdoor space.
The apartment market is active at the affordable end, with one-bedroom units selling in around three weeks and two-bedroom units near $760,000 clearing at around two in three, drawing the interstate investors currently active across the inner south-east. The luxury three-bedroom apartment is the more patient exception.
Buyers here are moving quickly and often bidding across several homes at once, so vendors with a quality property should be ready to act when strong interest appears. A home that is well presented and priced to current evidence is the one drawing competition in this market, rather than sitting while buyers look elsewhere.
Median sale price for houses in Armadale is $2,250,000, down 5.8% from last year.
Median sale price for units in Armadale is $686,500, down 1.9% from last year.
Properties sold for houses in Armadale is 81, down 25.0% from last year.
Properties sold for units in Armadale is 161, down 7.5% from last year.
Auction clearance for houses in Armadale is 66.7%, up 19.3% from last year.
Auction clearance for units in Armadale is 65.2%, up 21.4% from last year.
Av days on market for houses in Armadale is 44, up 41.9% from last year.
Av days on market for units in Armadale is 31, down 42.6% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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