Kew's apartment market has cooled noticeably this year, unit sales down 25.2 per cent, even as prices held up, up 1.3 per cent to $755,000. The house market has eased too, the median down 4.3 per cent to $2,250,000, with days on market stretching 17.9 per cent to 46 days.
That combination reflects buyers weighing plenty of cautious commentary about where prices are headed, even as the practical opportunities for buyers have genuinely improved with more stock on the market. Downsizers remain the dominant buyer type, and family homes continue to be desirable among the buyers who are active.
Clearance has eased across both houses and units, a reminder that vendors who listen to their agent's guidance on realistic pricing and strong marketing are the ones converting Kew's more selective buyer pool into a result right now.
Median sale price for houses in Kew is $2,300,000, down 0.2% from last year.
Median sale price for units in Kew is $745,000, up 0.9% from last year.
Properties sold for houses in Kew is 323, down 12.9% from last year.
Properties sold for units in Kew is 142, down 26.4% from last year.
Auction clearance for houses in Kew is 60.1%, down 6.6% from last year.
Auction clearance for units in Kew is 68.8%, down 13.7% from last year.
Av days on market for houses in Kew is 48, up 23.1% from last year.
Av days on market for units in Kew is 40, down 14.9% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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