Mont Albert North is one of the most tightly held pockets in the area, with around eight in ten homes owner-occupied and relatively few coming to market in any given year. It is also where the current caution at the top of the market shows most clearly.
Four-bedroom homes near $1.711m are taking close to three months to sell, and five-bedroom homes, with a median above $2.5m, are clearing at only about a third under the hammer. Three-bedroom houses around $1.4m remain the most active segment, though even here buyers are measured and thorough.
This is a blue-chip market and the fundamentals underneath it are sound, but it is not a market that rewards an ambitious asking price right now. Owners who anchor to genuine recent sales, rather than the stronger figures of a year or more ago, are the ones converting interest into results. For everyone else, patience is the operative word this season.
Median sale price for houses in Mont Albert North is $1,550,000, up 2.0% from last year.
Median sale price for units in Mont Albert North is $1,050,000, up 8.8% from last year.
Properties sold for houses in Mont Albert North is 89, down 6.3% from last year.
Properties sold for units in Mont Albert North is 28, up 64.7% from last year.
Auction clearance for houses in Mont Albert North is 59.3%, down 17.3% from last year.
Auction clearance for units in Mont Albert North is 70.0%, down 30.0% from last year.
Av days on market for houses in Mont Albert North is 51, up 6.3% from last year.
Av days on market for units in Mont Albert North is 42
$2,394,000
$2,200,000
$2,055,000
$1,550,000
$1,460,500
$1,340,000
$1,270,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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