Fawkner buyers are cautious but still motivated this month. They are doing their due diligence and making considered offers, purchasing out of genuine need rather than competing in a frenzy. The shift away from fear of missing out has produced a fairer, more measured market.
Good homes, particularly those that are renovated or ready to move into, are still achieving strong results. Buyers value the opportunity to have their offers negotiated properly rather than pushed straight to auction.
The entry point here continues to attract buyers who recognise the value close to the inner city. When a property meets their expectations, well-positioned buyers are willing to act decisively at fair market value.
Median sale price for houses in Fawkner is $821,000, up 8.0% from last year.
Median sale price for units in Fawkner is $613,250, up 21.0% from last year.
Properties sold for houses in Fawkner is 279, up 7.3% from last year.
Properties sold for units in Fawkner is 50, up 28.2% from last year.
Auction clearance for houses in Fawkner is 78.5%, up 15.7% from last year.
Auction clearance for units in Fawkner is 67.7%, down 9.7% from last year.
Av days on market for houses in Fawkner is 32, down 25.6% from last year.
Av days on market for units in Fawkner is 34, down 38.2% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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