Preston is doing more volume than anywhere else in this update, 520 house sales and 420 unit sales this year, a genuinely deep market by any measure. House sales are up 7.4 per cent, even as the median has eased slightly, down 0.5 per cent to $1,065,000.
The apartment market is a touch more selective, unit sales down 1.2 per cent, though prices have edged up 1.7 per cent to $529,000 and clearance has jumped 13.6 per cent to 71.2 per cent. Days on market for units have also improved, down 7.9 per cent to 35 days.
With its famous market, strong transport links and a genuine mix of housing stock, Preston continues to draw consistent demand across every bracket. That level of sustained volume, even as the median holds broadly steady, points to a market with real depth and staying power.
Median sale price for houses in Preston is $1,060,000, down 1.1% from last year.
Median sale price for units in Preston is $529,500, up 0.5% from last year.
Properties sold for houses in Preston is 512, up 2.8% from last year.
Properties sold for units in Preston is 393, down 18.1% from last year.
Auction clearance for houses in Preston is 66.7%, down 2.6% from last year.
Auction clearance for units in Preston is 70.0%, up 14.3% from last year.
Av days on market for houses in Preston is 49, up 11.4% from last year.
Av days on market for units in Preston is 35, down 7.9% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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