Ringwood is the most affordable and highest-volume market in this part of the east, and the heat is squarely at the entry level. Three-bedroom houses near $960,000 were the busiest segment over the past year, with well over a hundred sales, and two-bedroom units around $599,000 recorded the highest sales count of any bracket, moving in about three weeks. This is first-home-buyer territory, close to the train and the shopping centre, and demand there is strong.
The step up is where things cool. Four-bedroom houses near $1.2m are clearing at only about half, a clear gap from the pass rate on smaller homes.
If you are selling an entry-level house or a unit the buyers are numerous and moving quickly, so the conditions favour you. For larger homes, expect a more selective buyer and price to this year's genuine sales, because that upper bracket is where patience is currently required.
Median sale price for houses in Ringwood is $1,000,000, up 2.5% from last year.
Median sale price for units in Ringwood is $615,000, up 6.0% from last year.
Properties sold for houses in Ringwood is 244, down 11.9% from last year.
Properties sold for units in Ringwood is 208, down 20.0% from last year.
Auction clearance for houses in Ringwood is 67.2%, up 2.8% from last year.
Auction clearance for units in Ringwood is 67.7%, up 12.2% from last year.
Av days on market for houses in Ringwood is 37, up 32.1% from last year.
Av days on market for units in Ringwood is 24, down 33.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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