Bayswater North's clearance rate has jumped a striking 23.2 per cent to 75.0 per cent this year, even as the number of houses sold eased 17.6 per cent, exactly the kind of result record low stock levels tend to produce. With fewer homes to choose from, the properties that do list are meeting genuinely engaged buyers.
The median house price is up 8.4 per cent to $905,000, and days on market have improved 26.1 per cent to just 17 days. Renovated and mid-century modern homes continue to perform particularly well here, drawing strong interest from buyers who are patient but will pay a healthy price for the right property.
With first-home buyers dominant in the $700,000 to $1.2 million range, and many local sellers favouring private sale over auction right now, a well-presented home in Bayswater North priced sensibly is in a genuinely strong position while stock stays this tight.
Median sale price for houses in Bayswater North is $910,000, up 9.0% from last year.
Median sale price for units in Bayswater North is $649,400, down 1.6% from last year.
Properties sold for houses in Bayswater North is 111, down 23.4% from last year.
Properties sold for units in Bayswater North is 64, down 28.9% from last year.
Auction clearance for houses in Bayswater North is 76.2%, up 16.8% from last year.
Auction clearance for units in Bayswater North is 76.9%, up 19.7% from last year.
Av days on market for houses in Bayswater North is 18, down 21.7% from last year.
Av days on market for units in Bayswater North is 17, down 22.7% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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