Low stock is making for genuine competition on the properties that do come to market, and Sydney investors in particular are still snapping up apartments here, some sight unseen. Days on market remain strong, with most stock selling within about a month of listing.
Units are the standout, clearing at 82.8 per cent, up 5.5 per cent on last year, with prices up 9.8 per cent and days on market down 20 per cent to just 36 days. Houses are steady too, clearing at 68.5 per cent with 238 sales this year, though prices have eased slightly.
Appraisals are on the rise after a quiet winter, and listings for September and October auctions are already filtering through. Buyers are becoming more positive, which is translating into better clearance rates and slightly stronger results. Investors remain the dominant buyer type, with the most activity still sitting under $700,000.
Median sale price for houses in Bentleigh is $1,620,000, down 0.9% from last year.
Median sale price for units in Bentleigh is $700,000, up 9.4% from last year.
Properties sold for houses in Bentleigh is 231, down 7.2% from last year.
Properties sold for units in Bentleigh is 177, up 12.7% from last year.
Auction clearance for houses in Bentleigh is 66.8%, down 10.3% from last year.
Auction clearance for units in Bentleigh is 82.8%, up 7.7% from last year.
Av days on market for houses in Bentleigh is 42, down 10.6% from last year.
Av days on market for units in Bentleigh 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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