Strathmore's median house price has eased 6.9 per cent this year to $1,475,000, with days on market stretching 14.5 per cent to 71 days, a clear sign that buyers at this end of the market are taking their time. Sales volume has held relatively steady though, down just 0.6 per cent to 153.
The apartment market is more settled, with prices up a modest 1.7 per cent to $667,500 and clearance improving slightly to 54.5 per cent. Days on market for units have also improved, down 5.0 per cent to 57 days, a steadier picture than the house market is showing right now.
With clearance still climbing for houses, up 4.5 per cent to 61.3 per cent, the underlying demand in Strathmore remains present, even if the pace has cooled compared with the sharper price growth seen in some neighbouring suburbs this year.
Median sale price for houses in Strathmore is $1,475,000, down 6.9% from last year.
Median sale price for units in Strathmore is $667,500, up 1.7% from last year.
Properties sold for houses in Strathmore is 153, down 0.6% from last year.
Properties sold for units in Strathmore is 31, down 3.1% from last year.
Auction clearance for houses in Strathmore is 61.3%, up 4.5% from last year.
Auction clearance for units in Strathmore is 54.5%, up 3.0% from last year.
Av days on market for houses in Strathmore is 71, up 14.5% from last year.
Av days on market for units in Strathmore is 57, down 5.0% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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