Reservoir remains the deepest market in this update, with 832 house sales this year, the highest volume of any suburb covered, and a median price up 5.3 per cent to $855,888. That combination of genuine scale and rising prices points to a market with real underlying strength.
Clearance has improved too, up 6.7 per cent for houses to 67.1 per cent and up 5.5 per cent for units to 72.5 per cent, while days on market have fallen sharply, down 16.7 per cent for houses and 27.0 per cent for units. Unit sales have eased 11.1 per cent, though the improving clearance suggests buyers are becoming more decisive once they find the right apartment.
With a genuine mix of established houses and a growing apartment market, Reservoir continues to draw broad demand across price points. This combination of rising prices, rising clearance and faster sales points to a market with real underlying momentum heading into spring.
Median sale price for houses in Reservoir is $860,000, up 4.9% from last year.
Median sale price for units in Reservoir is $619,000, down 1.7% from last year.
Properties sold for houses in Reservoir is 815, down 3.0% from last year.
Properties sold for units in Reservoir is 307, down 17.0% from last year.
Auction clearance for houses in Reservoir is 68.1%, up 7.4% from last year.
Auction clearance for units in Reservoir is 68.6%, down 4.6% from last year.
Av days on market for houses in Reservoir is 45, down 15.1% from last year.
Av days on market for units in Reservoir is 28, down 26.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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