March Market Snapshot #3

The time of valuable properties is here, with the latest weekend (March 15) of sales across the Inner West suburbs recording a number of transactions above $1,000,000 - great news for those interested in selling their own Balmain property in the coming weeks. 

Across Sydney as a whole, there were 338 properties sold with a clearance rate of 82 per cent for the whole weekend. This is the same as last week, highlighting the strong consistency being seen across the New South Wales capital's real estate market during the third month of 2014. 

Furthermore, there was a total sales amount of $309,107,300 for the whole weekend, as the median price rose over last week to $915,000. Luckily, most of the properties sold in the Inner West suburbs over the weekend were much higher than this. 

For example, a two-bedroom home in Balmain sold for a huge $1,005,000. This fantastic result was rivaled by the grand performance seen in Leichhardt, where three properties sold over the median Sydney price. 

A four-bedroom home sold for $1,425,000, followed by a three-bedroom home for $1,145,00. This burst of great results was rounded out by the sale of a two-bedroom home for $970,000, which could be a great indicator for anyone interested in selling their own Inner West property in the near future. 

As property prices continue to grow across the city, now could also be a great time for investors to consider purchasing real estate in the area. With these strong results expected to continue into the year, getting into the market now could be a good move to make. 

For example, there is a two-bedroom apartment available on Darling Street that has a commercial venture for lease underneath it. This could be perfect for those with small business dreams in the heart of one of Sydney's most bustling Inner West suburbs.