# Melbourne residential real estate market activity

> Live situation record from CLSTR: https://clstr.news/situations/melbourne-residential-real-estate-market-activity
> Updated: 2026-08-29T03:19:29.000Z. Sources: 3. Developments: 2.

The Melbourne property market continues to show activity through both auctions and post-auction negotiations. In early August, a Victorian home in Footscray sold for $817,500 following negotiations after passing its auction. 

By late August, auction activity remained steady with 647 properties scheduled across Melbourne. Notable sales included an art deco home in Fitzroy North that sold for $1,572,000, exceeding its reserve, and a modern townhouse in West Footscray that sold for $900,000 via post-auction negotiations. Auctioneers noted that buyer demand continues to outpace available stock in a tight market.

## Claims

- David Sanguinedo stated that there are more buyers than available stock in the market. (corroborated by 3 sources)
- An art deco house in Fitzroy North sold for $1,572,000 at auction. (corroborated by 3 sources)
- The Fitzroy North property sold for $72,000 above its reserve price. (corroborated by 3 sources)
- A four-bedroom townhouse in West Footscray sold for $900,000 following post-auction negotiations. (corroborated by 3 sources)
- There were 647 properties scheduled for auction in Melbourne during the week. (corroborated by 3 sources)

## Timeline

### 2026-08-29: Fitzroy North art deco home sells for $1.57 million at auction

A three-bedroom art deco home in Fitzroy North, Melbourne, sold for $1.572 million at auction, surpassing its reserve price amid a tight local property market.

3 sources. https://clstr.news/cluster/fitzroy-north-art-deco-home-sells-for-157-million-at-auction

### 2026-08-07: Footscray Victorian home sells for $817,500 after post‑auction negotiations

A Victorian home at 26 Fitzroy Street, Footscray sold for $817,500 after a post‑auction deal, amid a busy week of Melbourne property auctions.

6 sources. https://clstr.news/cluster/sydney-coastal-suburbs-see-up-to-20-home-price-drops

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Cite as: Melbourne residential real estate market activity. CLSTR, https://clstr.news/situations/melbourne-residential-real-estate-market-activity