Mid-year market report Courtesy of Coco Cui Roskam Ray White Upper North Shore
The cool days and colder nights plus the glorious colours of the winter landscape bring an undeniable beauty and outstanding possibilities to the Upper North Shore. The property market is moving into more traditional patterns with winter being a quieter time, with lower stock levels yet excellent buyer numbers looking for their new homes. Many properties look and feel warm and welcoming throughout winter and provide an excellent opportunity to capitalise on the limited competition which has buyers with fewer properties to choose from and a desire to not miss out. This is being demonstrated in the many excellent sales and prices that we are achieving. A new federal government has now taken office and with that comes a different focus on property. The Labor government will look to make policies around sustainability, first home buyers and social housing. Alongside this we have rising interest rates and cost of living pressures that will impact the property market. The market though is not a level playing field with affluent areas such as the Upper North Shore much less impacted by the changing economy and always valued for its quality property, exceptional schools, transport options and beautiful surrounds. Although the media is running hot with stories of gloom, this is not the case in our market, which data shows is still performing strongly. Mid-year highlights: • Many strong sales amongst which 2 Lancaster Avenue, St Ives saw over 300 inspections and a record sale price for a new build in St Ives. • The Upper North Shore market remains high functioning with little gap between buyers and sellers, resulting in low days on market and good sale prices being achieved. • Many buyers are looking towards the traditionally strong Spring selling season with appraisal numbers up and stock numbers looking to be more significant during this period. • Dominic Perrottet has made moves to amend the much-hated stamp duty in the state. The recent budget allows first home buyers that purchase a property up to $1.5 million to be able to choose between paying stamp duty up front or a property tax each year, with this not having to be ongoing when the property is resold. If you would like advice and assistance buying and selling, please get in touch. We have the experience and record-breaking results to prove we get it right and are happy to have a confidential discussion any time. Coco Cui Roskam 0422 683 409 coco.roskam@raywhite.com WHAT’S HAPPENING IN OUR MARKET?
Source: Pricefinder 1 April – 30 June 2022 HOUSE UNIT FAST FACTS ST IVES 1. NUMBER OF SALES 77 109 37 65 2. MEDIAN SALES PRICE $2,560,000 $2,600,000 $948,000 $1,000,000 3. AVERAGE SALES PRICE $2,687,565 $2,654,503 $1,081,078 $1,107,446 April - June 2022 April - June 2021 4. HIGHEST SALE PRICE 2 Lancaster Avenue 5/8 Collins Road St Ives $6,200,000 $3,000,000
A SELECTION OF RECENT SALES 52a Collins Road, St Ives 32 Carbeen Avenue, St Ives 6 Priory Close, St Ives 4 Lincoln Road, St Ives 2 Lancaster Avenue, St Ives 28 Warrimoo Avenue, St Ives 14 Jemimas Place, Turramurra 8 Hassell Street, St Ives 32 Memorial Avenue, St Ives 22 Douglas Street, St Ives 28 Carbeen Avenue, St Ives 117 Killeaton Street, St Ives SOLD $3,650,000 SOLD $3,400,000 SOLD $3,750,000 SOLD $3,800,000 SOLD $6,200,000 SOLD $3,130,000 SOLD $5,416,888 SOLD $3,650,000 SOLD $3,550,000 SOLD $4,550,000 SOLD $3,180,000 SOLD $6,000,000
RESULTS SPEAK FOR THEMSELVES Ray White Upper North Shore sells more properties in St Ives than any other agency Here’s the proof. raywhiteuppernorthshore.com.au Based on data from Domain .com.au 1 January 2022 – 30 June 2022 25 3 4 6 7 10 4 38 Competitors Ray White Ray White Upper North Shore sells more properties in Ku-ring-gai than any other agency Here’s the proof. raywhiteuppernorthshore.com.au Based on data from Domain .com.au 1 January 2022 – 30 June 2022 79 57 57 70 235 Competitors Ray White
Coco Cui Roskam 0422 683 409 coco.roskam@raywhite.com 39 Hill Street Roseville NSW 2069 18 Railway Avenue Wahroonga NSW 2076 Shop 2, 237 Mona Vale Road St Ives NSW 2075 raywhiteuppernorthshore.com.au Ray White Upper North Shore | St Ives Office: 9646 2075 Head Office: 2 Turramurra Avenue, Turramurra NSW 2074 45-47 Hunter Street Hornsby NSW 2077 Seamless, stress free process “Coco has sold many of our properties. She works extremely hard to achieve great results, especially in the current market. Coco and her team work with you every step of the way. Her dedication to her job and market knowledge made the selling of our property a seamless, stress free process. Coco is an honest agent and always tries to do the best by her vendors and purchasers.” VENDOR - 2 LANCASTER AVENUE, ST IVES Deep understanding of local market “Selling a house is a very important decision for a family. Coco has been so helpful to assist us throughout the sale of our house, she has a very deep understanding of the local market and is also very familiar with the needs of the buyer, in turn, she made the sale of our house simple and easy, and we are happy with the result, good job!” VENDOR - 28 CARBEEN AVENUE, ST IVES Passionate & professional “Coco and her team were very passionate and professional to deal with during the sale of our property. She always provided updates on any of her communication with potential buyers. I really appreciate her and her team’s efforts which made the result successful. I would have no hesitation in recommending Coco and her team! ” VENDOR - 32 MEMORIAL AVENUE, ST IVES P E R F O R ME R 21- 22 A WORD FROM MY CLIENTS
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