Something unusual is happening in McKinnon, and it says everything about who is buying here. Four-bedroom homes at a median of $1.9 million are selling in around four weeks, noticeably faster than three-bedroom houses which are taking closer to six. Buyers are paying more and moving quicker to do it.
The secondary college zone explains most of that. Families making the move are not looking for a stepping stone, they are buying the home they intend to stay in, and they are competing to do it. Three-bedroom houses are still clearing strongly at 79 per cent, so the demand runs right through.
Stock is genuinely tight, with relatively few homes changing hands across the year, which is why well-presented properties stand out so quickly. Two-bedroom units at $685,000 are also clearing at 79 per cent, drawing first home buyers who place a high value on usable outdoor space.
Median sale price for houses in Mckinnon is $1,790,000, up 3.5% from last year.
Median sale price for units in Mckinnon is $760,000, up 2.0% from last year.
Properties sold for houses in Mckinnon is 95, up 30.1% from last year.
Properties sold for units in Mckinnon is 53, down 7.0% from last year.
Auction clearance for houses in Mckinnon is 76.8%, down 1.9% from last year.
Auction clearance for units in Mckinnon is 77.3%, up 7.3% from last year.
Av days on market for houses in Mckinnon is 33, down 52.2% from last year.
Av days on market for units in Mckinnon is 29, down 63.8% from last year.
$2,100,000
$1,790,000
$1,666,000
$1,600,000
$1,490,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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