There are fewer buyers walking through opens, but the ones who are here mean business. When the right home appears they are prepared to pay good money for it, and the days of owners simply testing the market have passed. Those going to market now have a genuine desire to sell.
The numbers have shifted in a way worth noting. Four-bedroom homes are now selling in around five weeks, roughly half the time they were taking earlier in the year, and three-bedroom houses have lifted to 74 per cent clearance. Apartments remain the quickest movers, with one and two-bedroom units selling in under three weeks. Close to Union Road the best of them go in days, provided the building is healthy with no owners corporation issues.
Above two million the market is a different story, with larger homes clearing at around a third. Investors are still active in this bracket, drawn by rental demand that has held firm. Value for money is deciding every deal, and well-priced homes are meeting ready buyers.
Median sale price for houses in Ascot Vale is $1,300,000, up 4.0% from last year.
Median sale price for units in Ascot Vale is $540,000, up 13.6% from last year.
Properties sold for houses in Ascot Vale is 216, down 0.9% from last year.
Properties sold for units in Ascot Vale is 106, up 19.1% from last year.
Auction clearance for houses in Ascot Vale is 74.7%, up 3.8% from last year.
Auction clearance for units in Ascot Vale is 76.5%, up 35.3% from last year.
Av days on market for houses in Ascot Vale is 37, down 15.9% from last year.
Av days on market for units in Ascot Vale is 19, down 50.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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