Belle Property Narraweena

SUBURB REPORT 2021 NARRAWEENA 01 APRIL - 30 JUNE NICK DUCHATEL 0430 443 633 PETER CAPINDALE 0457 334 791 Belle Property Dee Why | 9982 3553 Shop 1, 12 Howard Avenue | Dee Why deewhy.info@belleproperty.com Market growth in the second quarter of 2021 continued to escalate with growth from 30 to 40 percent compared to sales prices for the same period last year, but has now stabilised.This has allowed buyers to consider their financial choices, with many releasing equity to renovate, purchase an investment property, or relocate to other areas. We continue to attract buyers from out of area because as more of us make the move to work from home, greater value is being placed on lifestyle than convenience to the city.Today, people are not only contributing to a greater pool of buyers for the limited housing stock available, but also bringing an increased perception of value, resulting in dramatic price hikes. Entry level into Narraweena is now in the vicinity of $2M. Larger family homes are now reaching new heights.We recently sold two properties for over $2,800,000, and the suburb record has now been re-set from the last quarter with 100 Victor Road, Narraweena selling for $3,675,000. Incredible growth! The first six months of this year have certainly been interesting.We look forward to what the second half of 2021 holds for the property market.We welcome any discussion whether you’re thinking of buying, selling, leasing or just need some information or advice. We anticipate your call should you require our assistance. www.belleproperty.com/deewhy/ AVERAGE DAYS ON MARKET IN SECOND QUARTER 2021 20 $2.4M AVERAGE SALE PRICE FOR SECOND QUARTER 2021 13 PROPERTIES SOLD IN SECOND QUARTER 2021 Disclaimer: Whilst all care has been taken to ensure accuracy in the preparation of the particulars herein, no warranty can be given, and interested parties must relay on their own enquiries This business is independently owned and operated by ABN 55605444675 trading as Belle Property Dee Why If any other agent has a current exclusive agency agreement in relation to your property, please disregard this communication.