Ivanhoe East's apartment market has produced one of the standout results anywhere in this update, unit sales up 100 per cent this year to 68, with clearance at a perfect 100 per cent, up 200 per cent on last year. That is a genuinely striking shift for this premium pocket.
House prices remain among the highest in this part of Melbourne, the median sitting at $2,327,500, though down 1.2 per cent on last year, with sales easing 17.0 per cent to 44. Days on market for houses have improved sharply though, down 37.5 per cent to 35 days.
With over three-quarters of homes owner-occupied and predominantly established houses, Ivanhoe East's surging apartment activity this year is worth watching closely as the segment plays a genuinely larger role in this traditionally house-dominated market.
Median sale price for houses in Ivanhoe East is $2,270,000, down 2.8% from last year.
Median sale price for units in Ivanhoe East is $885,000, down 12.9% from last year.
Properties sold for houses in Ivanhoe East is 41, down 8.9% from last year.
Properties sold for units in Ivanhoe East is 66, up 57.1% from last year.
Auction clearance for houses in Ivanhoe East is 56.3%, down 25.8% from last year.
Auction clearance for units in Ivanhoe East is 100.0%, up 200.0% from last year.
Av days on market for houses in Ivanhoe East is 35, down 36.4% from last year.
Av days on market for units in Ivanhoe East is 40, down 54.0% from last year.
$2,355,000
$2,270,000
$2,200,000
$2,057,500
$1,570,000
$1,318,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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