There is a sense of hesitation among some buyers in Balwyn right now, but the prepared ones, those with finance ready and conviction in place, are recognising this moment for the opportunity it is. Open homes remain well attended, and when a quality home comes to market, genuine competition follows.
The shortage of quality homes and land opportunities is real and showing no signs of easing. Owners who bring a well-presented, well-positioned home to market are finding the most prepared buyers ready to move.
Confidence is building across most segments. Downsizers are particularly active, taking advantage of the choice starting to come through as the market builds toward the warmer months.
Median sale price for houses in Balwyn is $2,394,000, down 14.2% from last year.
Median sale price for units in Balwyn is $807,400, up 12.5% from last year.
Properties sold for houses in Balwyn is 188, down 9.6% from last year.
Properties sold for units in Balwyn is 119, up 8.2% from last year.
Auction clearance for houses in Balwyn is 55.8%, down 26.1% from last year.
Auction clearance for units in Balwyn is 75.0%, down 7.4% from last year.
Av days on market for houses in Balwyn is 52, up 10.6% from last year.
Av days on market for units in Balwyn is 36, down 14.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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