REAL ESTATE BELLA VISTA & NORWEST PROPERTY REPORT 2023/24 Prepared by Soha & Sherry Soheili, The Avenue Real Estate
Welcome to your 2023/24 property report for Bella Vista and Norwest. As your area specialists, we’ll keep you well informed on the local property market with the facts and information to help guide your real estate decisions in the future. The property market in Bella Vista is experiencing a great lack of supply of properties for sale. For example, so far this year in 2024 there have been 22 properties sold, vs 50 properties sold in the same period last year. This is good news for homeowners as properties for sale are generally being bought quickly and at high prices. Sale prices are also holding steady with the median sale price for houses hovering around the $2.4 million mark. The growth rate is also in positive territory, however it is slower than the last few years, which can be attributed to wider economic factors, such as interest rate uncertainty and cost of living pressures. We are currently working with prequalified buyers who are actively looking to move into Bella Vista in the next six months. If you are thinking of selling, we are confident we have the right buyer for your home and are ready to guide you through this process. We are excited to announce we are the Major Sponsor of The Hills Food & Wine Festival, being held at Bella Vista Farm this October. We love supporting the local community with this standout event and hope to see you there! With our best regards, Soha & Sherry Soheili The Avenue Real Estate WELCOME
Source: Pricefinder 1 July 2023 – 30 June 2024 89 HOUSES SOLD 31 HOUSES SOLD $5,600,000 HIGHEST HOUSE SALE PRICE $2,680,000 HIGHEST HOUSE SALE PRICE $1,190,000 LOWEST HOUSE SALE PRICE $1,368,000 LOWEST HOUSE SALE PRICE $2,445,000 MEDIAN HOUSE SALE PRICE $1,615,000 MEDIAN HOUSE SALE PRICE 29 AVERAGE DAYS ON THE MARKET 21 AVERAGE DAYS ON THE MARKET FAST FACTS Bella Vista Compared to five years ago, the median sales price for houses in Bella Vista has increased 67% which equates to a compound annual growth rate of 10.8%. Norwest Compared to five years ago, the median sales price for houses in Norwest has increased 51% which equates to a compound annual growth rate of 8.6%.
SOLD BY THE AVENUE 28.07.2023 05.08.2023 07.10.2023 28.11.2023 17 Westwood Way Bella Vista 7 Tranquility Court Bella Vista 3 Ripley Glade Bella Vista 4 Grant Glade Bella Vista $2,310,000 $2,605,000 $2,553,000 $2,570,000 SOLD SOLD SOLD SOLD
SOLD BY THE AVENUE 15.12.2023 20.12.2023 31.01.2024 10.02.2024 15 Westwood Way Bella Vista 11 Arabella Place Bella Vista 7 Gardenview Court Bella Vista 15 Castle Pines Drive Norwest $2,325,000 $2,550,000 $3,830,000 $1,630,000 SOLD SOLD SOLD SOLD
SOLD BY THE AVENUE 28.02.2024 04.03.2024 07.03.2024 09.04.2024 19 Springfield Crescent Bella Vista 42 Prestige Avenue Bella Vista 4 MacArthur Ridge Way Bella Vista 2/6 Ripley Glade Bella Vista $2,230,000 $2,275,000 $2,460,000 $1,825,000 SOLD SOLD SOLD SOLD
SOLD BY THE AVENUE 09.05.2024 10.05.2024 13.06.2024 30.06.2024 51/40-52 Barina Downs Road Norwest 10 Springfield Crescent Bella Vista 3 Stanhope Row Bella Vista 66 Francesco Crescent Bella Vista $772,552 $2,650,000 $2,630,000 $2,765,000 SOLD SOLD SOLD SOLD
Exceptional experience “As soon as we sat down with Soha and Sherry we felt a lovely warmth and friendliness. They really do have the care factor and are both professional and very hardworking as well as being down to earth and very honest. They explained the sales process to us from start to finish and gave us great confidence in selling our home. They were always available to answer any questions and kept us well informed throughout. We achieved a great result at auction and we would have no hesitation in recommending Soha and Sherry. Thank you Soha and Sherry, we really appreciate all your hard work and kindness. It’s been a pleasure getting to know you both.” Deborah & Mark - 66 Francesco Crescent, Bella Vista Fantastic service with results “We had a fantastic experience working with Soha from The Avenue for the sale of our Bella Vista property. Soha’s professionalism, expertise, and clear communication made the entire process smooth. He kept us informed at every step and provided valuable insights that guided our decisions. We highly recommend Soha for anyone looking to buy or sell property. Thank you, Soha, for your exceptional service and support.” Venkat & Manjula - 3 Stanhope Row, Bella Vista Excellent communication “We used Soha to sell our house after 10 years. He was also the agent when we bought it and we enjoyed the experience as buyer then. As a seller his professionalism and support is excellent and he provided clear advice along the way. We were overseas during the sale so his effective communication was very important as we prepared, listed and sold the property. Price met expectations and he managed the final days of sales interactions with transparency and clarity.” Mikael - 10 Springfield Crescent, Bella Vista Professional and caring “Our selling experience with Soha and Sherry was excellent and absolutely seamless. Their knowledge, utmost professionalism, keen eye to details, hard-working, excellent and friendly communication is second to none in the local market. Soha is a true gentleman who is so caring, honest and always put our best interest at the forefront. Would highly recommend Soha and Sherry to anyone needing an amazing agent to achieve the best possible outcome.” Rebecca & Bing - 42 Prestige Avenue, Bella Vista A WORD FROM OUR CLIENTS
Sales made by The Avenue 11 Arabella Place 20 Dec 2023 $2,550,000 7 Bella Vista Drive 12 Sept 2023 $2,400,000 27 Bella Vista Drive 04 Nov 2023 $1,623,000 7a Bingara Crescent 20 Sept 2023 $1,620,000 97 Bingara Crescent 01 Jun 2024 $2,711,000 3 Braeburn Crescent 10 Nov 2023 $3,000,000 7 Braeburn Crescent 28 Sept 2023 $3,250,000 19 Bridgeview Circuit 27 Oct 2023 $3,550,000 61 Brighton Drive 24 May 2024 $3,700,000 83 Brighton Drive 21 Sept 2023 $1,700,000 26 Cedar Cutters Way 01 Nov 2023 $4,306,000 17 Chamonix Place 08 Nov 2023 $5,600,000 117 Chapel Lane 23 Feb 2024 $2,300,000 20 Charlemont Terrace 12 Feb 2024 $3,730,000 8 Cloverhill Grange 30 May 2024 $2,990,000 6 Coorumbene Court 22 May 2024 $2,100,000 18 Coorumbene Court 11 May 2024 $2,410,000 14 Craigend Place 01 Mar 2024 $3,330,000 37 Edgewater Drive 08 Nov 2023 $3,100,000 71 Edgewater Drive 23 Nov 2023 $4,107,777 73 Edgewater Drive 05 Jul 2023 $3,450,000 106 Edgewater Drive 12 Mar 2024 $5,250,000 18 Francesco Crescent 14 Apr 2024 $2,427,000 66 Francesco Crescent 30 Jun 2024 $2,765,000 7 Gardenview Court 31 Jan 2024 $3,830,000 4 Grant Glade 28 Nov 2023 $2,570,000 10 Highrange Terrace 08 Sept 2023 $2,780,000 8 Ibis Place 09 Sept 2023 $1,845,000 BELLA VISTA Sale Date Price BELLA VISTA Sale Date Price 10 Jardine Terrace 16 Sept 2023 $1,640,000 2 Kerilee Court 31 Aug 2023 $2,400,000 8 Kimberley Court 05 Aug 2023 $2,025,000 21a Kimberley Court 07 Jul 2023 $2,160,000 23 Linden Way 10 Sept 2023 $1,920,000 26 Linden Way 10 Aug 2023 $1,800,000 37 Linden Way 17 Nov 2023 $1,770,000 7 Longreach Place 15 Jul 2023 $2,840,000 4 Macarthur Ridge Way 07 Mar 2024 $2,460,000 16 Middlebrook Rise 02 Mar 2024 $4,140,000 9 Mount Bank Rise 22 Nov 2023 $4,100,000 18 Mount Bank Rise 04 Oct 2023 $3,700,000 3 Nicholas Close 16 Sept 2023 $2,302,000 9 Nicholas Close 01 Jul 2023 $2,808,000 8 Northridge Avenue 05 Aug 2023 $4,505,000 23 Northridge Avenue 01 Nov 2023 $4,850,000 14 Patrine Place 13 Sept 2023 $1,810,000 5 Pittman Place 12 Oct 2023 $2,848,000 7 Placeover Glen 11 Nov 2023 $1,511,000 42 Prestige Avenue 04 Mar 2024 $2,275,000 28 Ridgehaven Place 21 Oct 2023 $2,605,000 3 Ripley Glade 07 Oct 2023 $2,553,000 5 Ripley Glade 15 Jul 2023 $2,500,000 2/6 Ripley Glade 09 Apr 2024 $1,825,000 10 Rowanbrae Crescent 08 May 2024 $3,435,007 5 Roxburgh Place 07 Oct 2023 $2,520,000 3 Salvestro Place 30 May 2024 $2,400,000 9 Sandstock Way 18 Dec 2023 $3,025,710 2023-2024 SALES
BELLA VISTA Sale Date Price NORWEST Sale Date Price BELLA VISTA Sale Date Price NORWEST Sale Date Price Sales made by The Avenue 12 Sharleen Court 07 Oct 2023 $2,055,000 1 Skylark Circuit 20 Nov 2023 $1,760,000 10 Springfield Crescent 10 May 2024 $2,650,000 19 Springfield Crescent 28 Feb 2024 $2,230,000 67 Springfield Crescent 07 Jun 2024 $2,460,000 3 Stanhope Row 13 Jun 2024 $2,630,000 12 Stock Farm Avenue 19 Feb 2024 $2,550,000 6 Strangers Creek Place 08 Mar 2024 $2,150,000 7 Tranquility Court 05 Aug 2023 $2,605,000 10 Waddell Rd 25 Aug 2023 $3,435,000 10 Westwood Way 11 May 2024 $1,950,000 15 Westwood Way 15 Dec 2023 $2,325,000 17 Westwood Way 27 Jul 2023 $2,310,000 1 Whiteman Avenue 25 Oct 2023 $1,490,000 21 Whiteman Avenue 19 Aug 2023 $2,400,000 25 Whiteman Avenue 12 Feb 2024 $2,710,000 3 Zane Close 09 Sept 2023 $2,560,000 2 Castle Pines Drive 27 Oct 2023 $1,250,000 15 Castle Pines Drive 10 Feb 2024 $1,630,000 42 Central Park Avenue 29 Mar 2024 $2,450,000 84 Central Park Avenue 12 Jun 2024 $2,120,000 86 Central Park Avenue 03 Apr 2024 $1,985,000 7 Clubside Drive 15 May 2024 $1,495,000 17 Clubside Drive 15 Mar 2024 $1,508,000 18 Clubside Drive 24 Dec 2023 $1,575,000 1 Durack Crst 08 Sept 2023 $985,000 3 Durack Crst 31 Oct 2023 $1,470,000 10 Durack Crst 22 Dec 2023 $1,400,000 16 Durack Crst 02 Nov 2023 $1,495,000 22 Durack Crst 31 Jan 2024 $1,470,000 23 Durack Crst 09 Apr 2024 $1,525,000 24 Durack Crst 29 Oct 2023 $1,522,000 41 Fairmont Avenue 21 Oct 2023 $2,520,000 48 & 48a Fairway Drive 24 Mar 2024 $2,680,000 90 Fairway Drive 10 Sept 2023 $1,368,000 125 Fairway Drive 25 Nov 2023 $2,090,000 12 Horatio Avenue 15 Dec 2023 $1,515,000 24 Horatio Avenue 01 Jun 2024 $1,615,000 4 Irongum Terrace 27 Oct 2023 $1,950,000 7 Jacqui Circuit 09 Nov 2023 $1,405,000 8 Lakeside Crescent 06 Mar 2024 $2,300,000 8 Laura Street 08 Jun 2024 $1,790,000 30 Peninsula Way 13 Oct 2023 $1,967,500 42 Peninsula Way 19 Mar 2024 $1,880,000 23 Putters Lane 05 Nov 2023 $1,466,000 46 Ridgehaven Place 20 May 2024 $2,500,000 15 Stone Mason Drive 03 Jul 2023 $1,581,888 17 Stone Mason Drive 25 Mar 2024 $1,725,000 30 Stone Mason Drive 24 May 2024 $1,580,000 4 Walker Avenue 08 Jun 2024 $2,405,000 2023-2024 SALES
Are you looking to sell your home or investment property? Perhaps you need to sell before you buy or you may simply be curious to know the value of your property in today’s market? We are here to help! We can give you all the tools and advice you need to be able to buy or sell with confidence, including: • the changeover costs when buying and selling • what is a bankable price for your existing home if you haven’t already sold • a strategic sales plan for your current home, including how to best present it to attract the right audience Contact us today and find out more. ARE YOU INTERESTED IN THE NEW VALUE OF YOUR HOME? Scan this QR code to find out more.
With close to twenty years experience servicing Bella Vista and surrounding suburbs, we are proud to say what sets us apart from other agents, is The Care Factor. This is the key to our success for exceeding vendors’ expectations and setting a new benchmark in your suburb, consistently. Soha Soheili 0409 841 010 soha.soheili@theavenuere.com.au Sherry Soheili 0406 048 133 sherry.soheili@theavenuere.com.au The Avenue Real Estate 02 9634 3444 theavenuerealestate.com.au OUR DIFFERENCE: THE CARE FACTOR Bella Vista Agent of the Year 2017, 2018, 2019, 2020, 2021, 2023, 2024
www.theavenuerealestate.com.auRkJQdWJsaXNoZXIy MTI3ODI1