Canterbury remains the most premium market in this update, with a median house price of $3,165,000, easing a modest 2.3 per cent despite genuine economic uncertainty weighing on buyer sentiment. The apartment market has held up even better, unit prices up 1.3 per cent to $950,000.
Days on market for houses have stretched to 57, up 26.7 per cent, a sign that even well-qualified buyers at this level are taking their time and weighing their options carefully. Clearance for units has strengthened though, up 6.2 per cent to 82.6 per cent, a genuinely encouraging signal.
With downsizers the dominant buyer type and family homes continuing to draw strong interest, sellers who present well and price to current conditions, rather than the market of a year ago, are the ones converting cautious buyer interest into a result in Canterbury right now.
Median sale price for houses in Canterbury is $3,200,000, down 1.1% from last year.
Median sale price for units in Canterbury is $940,000, down 6.9% from last year.
Properties sold for houses in Canterbury is 114, down 10.2% from last year.
Properties sold for units in Canterbury is 37, up 27.6% from last year.
Auction clearance for houses in Canterbury is 66.0%, down 0.1% from last year.
Auction clearance for units in Canterbury is 82.6%, up 10.1% from last year.
Av days on market for houses in Canterbury is 51, up 4.1% from last year.
Av days on market for units in Canterbury is 45, down 2.2% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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