Camberwell's sales volume has surged this year, house sales up 17.4 per cent and unit sales up 12.1 per cent, even as the median house price has eased 4.6 per cent to $2,300,000. That combination, more transactions against a softer median, points to a market genuinely finding its level after a period of price adjustment.
Buyers have been cautious this year, weighing plenty of media commentary about prices falling further, but the practical picture on the ground has been improving, stock levels are up and the opportunities for buyers are genuinely better than they were a few months ago. Downsizers remain the dominant buyer type, and family homes in particular continue to draw strong interest.
Clearance has eased to 61.7 per cent for houses, a reminder that vendors who listen to their agent on pricing and marketing strategy are seeing the strongest results. With buyers and vendors increasingly meeting the market at most price points, sentiment among owner occupiers is showing genuine signs of optimism.
Median sale price for houses in Camberwell is $2,300,000, down 4.6% from last year.
Median sale price for units in Camberwell is $825,000, down 2.4% from last year.
Properties sold for houses in Camberwell is 336, up 17.1% from last year.
Properties sold for units in Camberwell is 180, up 13.9% from last year.
Auction clearance for houses in Camberwell is 62.3%, down 9.2% from last year.
Auction clearance for units in Camberwell is 58.7%, down 20.7% from last year.
Av days on market for houses in Camberwell is 41, up 7.9% from last year.
Av days on market for units in Camberwell is 42, down 22.2% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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