Buyers across all segments in Balaclava are seeking well-presented, turn key properties this month. They just want to move in and enjoy, and the market is responding well to homes priced in line with expectations.
The mood is optimistic. First home buyers are up and about, and families trading up are taking advantage of the recent corrections in the market. The off-market segment is very active, so plenty is happening beyond what shows up in the public listings.
Stock levels across this part of Melbourne's bayside and inner south are healthy. For owners, a well-presented home priced sensibly is meeting genuine, ready buyers.
Median sale price for houses in Balaclava is $1,350,000, up 10.7% from last year.
Median sale price for units in Balaclava is $544,500, down 5.6% from last year.
Properties sold for houses in Balaclava is 61, up 15.1% from last year.
Properties sold for units in Balaclava is 86, up 14.7% from last year.
Auction clearance for houses in Balaclava is 81.4%, up 35.7% from last year.
Auction clearance for units in Balaclava is 76.0%, up 20.3% from last year.
Av days on market for houses in Balaclava is 28, down 34.9% from last year.
Av days on market for units in Balaclava is 24, down 11.1% from last year.
$1,905,000
$1,648,500
$1,530,500
$1,450,000
$1,350,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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