November Market Snapshot #1

November has started with a bang in Sydney's real estate market this week, with auction clearance rates remaining high heading into the warm summer months - and with only seven weeks until Christmas, it could be a great opportunity to secure property for the festive season!

The clearance rate recorded for Sydney's real estate market this last weekend settled at 81 per cent, according to statistics released by Australian Property Monitors (APM).

While this is a slight decrease from the 84 per cent rate seen last week, the result is still tracking strong for the New South Wales capital.

Furthermore, there were 410 houses sold in the region, with a median sale price of $920,000 - leading to a total sales amount of $350,162,800 for the weekend.

Overall, this was an extremely good weekend for real estate in the Leichhardt suburb, with five properties selling in the region over the course of the weekend. Of these, three sold for over $1,000,000 and all sold for above the median price for the weekend.

A three-bedroom home in Rozelle exceeded expectations for the city, selling for a huge $1,515,000 - surpassing the median house price and skyrocketing to a fantastic return for the property's vendors.

This wasn't an isolated incident either, with a three-bedroom property in Balmain selling for a whopping $1,790,000, a huge result for the Inner West suburbs of Sydney.

This could be a great opportunity for anyone hoping to sell their property in Sydney to take advantage of the strong market and secure a great return on their real estate.

Get in contact with the team at Coopers Agency to begin the process of putting your home on the market today. Their expertise and advice can help you to achieve the best real estate results possible.