Red Hill's buyers are quality-focused this month, favouring low-maintenance homes on solid foundations over renovated properties that may need structural work. The hinterland setting continues to draw a considered buyer who values a well-kept home.
Demand is quieter, with fewer active buyers than usual, but stock on market is also lower than it traditionally is. Well-priced properties are still attracting quality offers, while anything priced too high sees buyers move on to other opportunities.
Owners re-entering the market are choosing to come to market sooner rather than later, aiming to sell higher now and secure a better change-over when they buy back later in the year.
Median sale price for houses in Red Hill is $1,555,000, down 4.0% from last year.
Properties sold for houses in Red Hill is 11, down 56.0% from last year.
Av days on market for houses in Red Hill is 83, up 59.6% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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