Kew East is seeing genuine competition for quality homes this month, driven by prepared buyers with finance ready and conviction in place. While some buyers hesitate in the broader market, that hesitation works in a vendor's favour, there is simply less competition for the well-positioned home.
The shortage of quality stock in this pocket of the inner east is not easing. When a well-presented family home comes to market, the most prepared buyers are ready to act.
Confidence is building across most segments as the market moves toward the warmer months. More choice is expected through spring, so owners moving now are meeting buyers ahead of the competition.
Median sale price for houses in Kew East is $2,057,500, up 2.2% from last year.
Median sale price for units in Kew East is $830,000, up 7.5% from last year.
Properties sold for houses in Kew East is 89, up 2.3% from last year.
Properties sold for units in Kew East is 29, up 16.0% from last year.
Auction clearance for houses in Kew East is 61.0%, down 18.6% from last year.
Auction clearance for units in Kew East is 68.2%, up 2.3% from last year.
Av days on market for houses in Kew East is 53, up 15.2% from last year.
Av days on market for units in Kew East is 65, up 150.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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