Mount Waverley's clearance rate has improved this year, up 1.4 per cent to 74.7 per cent for houses and up 4.1 per cent to a strong 77.6 per cent for units, even as the median has eased slightly, down 1.0 per cent to $1,560,000 for houses and down 2.3 per cent to $920,000 for units.
Days on market have fallen sharply across both markets, down 11.4 per cent for houses to 39 days and down 22.9 per cent for units to 37 days, a genuine sign of buyers moving with more confidence once they find the right property. Sales volume remains strong, with 556 houses and 138 units changing hands this year.
With its well-regarded schools, established parks and easy access to the Monash Freeway, Mount Waverley continues to draw broad, consistent demand. That combination of improving clearance and faster sales points to a market finding its footing after a period of gentle price adjustment.
Median sale price for houses in Mount Waverley is $1,556,000, down 1.7% from last year.
Median sale price for units in Mount Waverley is $909,800, down 5.7% from last year.
Properties sold for houses in Mount Waverley is 532, down 7.6% from last year.
Properties sold for units in Mount Waverley is 134, down 8.2% from last year.
Auction clearance for houses in Mount Waverley is 72.5%, down 2.1% from last year.
Auction clearance for units in Mount Waverley is 77.8%, up 2.3% from last year.
Av days on market for houses in Mount Waverley is 39, down 13.3% from last year.
Av days on market for units in Mount Waverley is 37, down 21.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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