Maroondah November 2020 wrap up
With summer finally upon us, the market has well and truly received the memo and is appropriately heating up. Reiterated by consistent increases in auction clearance rates over the last six months, there is definitely more positivity in the air and more buyers turning up to Saturday opens.
November sales in Maroondah were reflective of this positive shift in the market, recording a 95% auction clearance rate and a 15% increase in the median house price when compared to November 2018. The increase in active buyers has helped to drive up competition and improve sales results.
The successful auction of 5 Melview Drive Ringwood North on the weekend was no exception to these recent market trends. Officiated by expert auctioneer Karen Vogl, several keen buyers battled it out to see the 3-bedroom home achieve a great price of $830,000 at the fall of the hammer.
With such high volumes of eager buyers, now is the ideal time to consider making a move of your own. Feel free to contact us for a chat, we have a large database of keen buyers which may mean we could secure you a premium price completely off-market.