Fairfield's apartment market is turning around in a genuine way, unit sales are up 50.9 per cent this year and clearance has jumped 21.7 per cent to 87.0 per cent, with days on market down a third to just 24 days. It is one of the clearest signs of returning buyer confidence anywhere in this update.
The house market tells a more cautious story. Prices have eased slightly to $1,603,500 and days on market have stretched 42.1 per cent to 54 days, a reminder that buyers are readjusting to what's real rather than chasing last year's figures. Clearance has still improved though, up 14.5 per cent to 63.6 per cent.
With first-home buyers dominant in the $700,000 to $1.2 million range and buyers genuinely excited by the prospect of steady interest rates, Fairfield's apartment market in particular is meeting that demand. Vendors who price houses realistically are still finding a genuinely engaged pool of buyers.
Median sale price for houses in Fairfield is $1,603,500, down 1.6% from last year.
Median sale price for units in Fairfield is $521,500, down 17.2% from last year.
Properties sold for houses in Fairfield is 70, down 13.6% from last year.
Properties sold for units in Fairfield is 80, up 50.9% from last year.
Auction clearance for houses in Fairfield is 63.6%, up 14.5% from last year.
Auction clearance for units in Fairfield is 87.0%, up 21.7% from last year.
Av days on market for houses in Fairfield is 54, up 42.1% from last year.
Av days on market for units in Fairfield is 24, down 33.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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