Confidence is returning to Elsternwick, and nowhere is it clearer than in the period homes. Three-bedroom houses near $1.7825m are clearing at around four in five in a quick five weeks, as well-presented period homes attract genuine competition. The two-bedroom apartment market is deep, with over a hundred sales over the year clearing at around seven in ten.
The larger four-bedroom homes are the more selective step, clearing closer to half, which keeps realistic pricing important at the top.
Across the suburb the mood is increasingly positive. Clearance rates are consistently healthy, the market has shifted from favouring buyers towards balance, and buyers are back out engaging confidently now that prices have adjusted. Well-presented, turn-key homes are attracting the strongest competition, and momentum is building into spring. For vendors, trusting considered advice on pricing, presentation and strategy is what turns this returning confidence into the best possible result.
Median sale price for houses in Elsternwick is $2,015,000, up 10.2% from last year.
Median sale price for units in Elsternwick is $760,000, up 7.4% from last year.
Properties sold for houses in Elsternwick is 91, up 1.1% from last year.
Properties sold for units in Elsternwick is 174, up 22.5% from last year.
Auction clearance for houses in Elsternwick is 73.0%, down 11.4% from last year.
Auction clearance for units in Elsternwick is 68.3%, down 10.1% from last year.
Av days on market for houses in Elsternwick is 33, down 31.3% from last year.
Av days on market for units in Elsternwick is 36, down 28.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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