The fundamentals remain steady in Kensington, well-located homes continue to draw more buyer interest than available stock, and presentation is increasingly the deciding factor in a competitive field. Clean, well-presented cottages and townhouses are consistently drawing the strongest numbers through the door.
The standout result is in units, clearing at 75 per cent, up a remarkable 65 per cent on last year. Two and three-bedroom houses are also performing solidly, both clearing in the mid 60s and selling in around five to six weeks, so there is genuine liquidity where most people are selling from. Four-bedroom homes are more selective at 54 per cent.
Investors, including a growing number from interstate, are increasingly focused on older-style apartments and villa units, exactly where Kensington's turnaround is happening. With the most active price band under $700,000 and buyers wanting stability before they commit, well-presented, accurately priced homes are the ones cutting through right now.
Median sale price for houses in Kensington is $1,091,500, up 2.7% from last year.
Median sale price for units in Kensington is $466,000, down 2.9% from last year.
Properties sold for houses in Kensington is 158, down 2.5% from last year.
Properties sold for units in Kensington is 131, up 1.6% from last year.
Auction clearance for houses in Kensington is 69.1%, up 2.2% from last year.
Auction clearance for units in Kensington is 73.3%, up 61.3% from last year.
Av days on market for houses in Kensington is 48, up 29.7% from last year.
Av days on market for units in Kensington is 32, up 3.2% from last year.
$1,287,500
$1,230,000
$1,100,000
$1,091,500
$880,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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