West End Real Estate Agent’s Summer Market Update
Sales double as home buyer demand sets record highs
The graphs show a rapid rise in turnover of West End property with more than twice the number of houses (107%) and 83% more apartments sold in 2021 than the previous year. The busier apartment market has one important difference from the peak of 2014/15: our recent surge in activity is all about buyer demand and not the increased supply from new projects we saw back then.
With such strong turnover and demand it seemed inevitable the median prices would rise. And rise they did! With a median 2021 sale price of $1.4m West End houses are some of our inner-city’s most sought-after. There’s limited numbers of unrenovated dwellings remaining in the suburb and with our buyer enquiry remaining incredibly strong, it seems inevitable the local median will rise further in coming months.
Chat with our West End real estate agent!