Rye continues to do serious volume, with 323 house sales this year at a median of $960,000, among the strongest results anywhere on the Peninsula. Clearance has climbed sharply too, up 35.5 per cent to 64.0 per cent, even as days on market have improved 21.1 per cent to 45 days.
Buyers here are prepared to act when they find the right home, but remain genuinely price sensitive, wanting the full Peninsula lifestyle, beach access, outdoor space, and something move-in ready, rather than simply the cheapest option available.
With upgraders dominant in the $700,000 to $1.2 million range and demand for the right home strong against weak supply, properties priced to the current market are seeing excellent interest and, in many cases, multiple offers. Presentation and a realistic price remain what separates a fast result from a longer campaign in Rye.
Median sale price for houses in Rye is $950,000, up 0.0% from last year.
Median sale price for units in Rye is $585,000, down 0.5% from last year.
Properties sold for houses in Rye is 297, down 16.6% from last year.
Properties sold for units in Rye is 13, down 7.1% from last year.
Auction clearance for houses in Rye is 66.7%, up 47.6% from last year.
Av days on market for houses in Rye is 43, down 29.5% from last year.
Av days on market for units in Rye is 22
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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