Ivanhoe's house sales are up 4.0 per cent this year to 181, even as clearance has eased sharply, down 20.4 per cent to 51.5 per cent, and the median has softened 3.5 per cent to $1,572,500. That combination, more transactions but a lower pass rate, points to buyers negotiating harder rather than stepping away.
The apartment market is more consistent, with 264 unit sales, up 2.7 per cent, and clearance improving 12.3 per cent to a strong 77.4 per cent. Days on market have stretched slightly for both, up 7.9 per cent for houses to 41 days and up 21.6 per cent for units to 45 days.
Ivanhoe remains one of the larger, more established markets in this part of Melbourne's north-east, and its apartment segment is clearly outperforming the house market on almost every measure this year.
Median sale price for houses in Ivanhoe is $1,570,000, down 3.7% from last year.
Median sale price for units in Ivanhoe is $618,500, up 1.2% from last year.
Properties sold for houses in Ivanhoe is 182, up 5.8% from last year.
Properties sold for units in Ivanhoe is 253, down 2.7% from last year.
Auction clearance for houses in Ivanhoe is 51.0%, down 19.4% from last year.
Auction clearance for units in Ivanhoe is 74.1%, down 4.3% from last year.
Av days on market for houses in Ivanhoe is 43, up 22.9% from last year.
Av days on market for units in Ivanhoe is 45, up 32.4% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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