Market update JANUARY – MARCH 2025 Courtesy of Nathan Leuzzi & Dion Verzeletti Ray White Upper North Shore
A Strong Opening Quarter The first quarter of 2025 has delivered a confident and energised start to the Upper North Shore property market. Buyer sentiment has noticeably lifted, fuelled by the Reserve Bank of Australia’s February rate cut and a renewed sense of optimism across the market. From January through to March, activity has remained consistently high, with healthy buyer demand and strong engagement across all segments of the market. Buyer Confidence on the Rise With affordability conditions easing slightly and borrowing capacity improving, we’ve seen an influx of motivated buyers eager to transact. Many properties are attracting competitive interest, with well-priced and well-presented homes selling quickly. Auction clearance rates have improved steadily through the quarter, reflecting growing buyer confidence and an increase in serious, finance-ready purchasers entering the market. Continued Growth in Property Values Nationally, both house and unit values rose 0.2% in February, building on a trend that began in January. Sydney continues to lead as Australia’s most expensive capital city, and the Upper North Shore remains one of its most sought-after regions. Across our local suburbs, we’re seeing consistent price growth, underpinned by strong lifestyle appeal, access to leading schools, and an enduring reputation as a high-performing market. Outlook for the Months Ahead Looking forward, the signs remain encouraging. With inflation moderating and the possibility of further rate cuts later in the year, market conditions are expected to stay positive. We anticipate steady demand throughout autumn and into winter, particularly from buyers hoping to get ahead of the traditionally competitive spring season. For sellers, this means a valuable window of opportunity to take advantage of current momentum. With the year off to a strong start and buyer activity on the rise, 2025 is shaping up to be a great time to sell. If you’re thinking of making a move this year, please get in touch. Nathan Leuzzi Dion Verzeletti 0412 975 190 0413 753 695 nathan.leuzzi@raywhite.com dion.verzeletti@raywhite.com YOUR LOCAL MARKET UPDATE
FAST FACTS Source: Pricefinder 2025 HOUSES UNITS JAN-MARCH 25 JAN-MARCH 24 JAN-MARCH 25 JAN-MARCH 24 NORMANHURST $2,570,000 $2,610,000 $1,375,000 $1,450,000 THORNLEIGH $3,569,000 $3,398,000 $1,525,000 $1,458,000 WESTLEIGH $3,250,000 $3,365,000 - - PENNANT HILLS $3,300,000 $3,510,000 $1,000,000 $1,425,000 WEST PENNANT HILLS $5,350,000 $5,500,000 $2,095,000 $1,880,000 4. HIGHEST SALE PRICE HOUSES UNITS JAN-MARCH 25 JAN-MARCH 24 JAN-MARCH 25 JAN-MARCH 24 NORMANHURST $2,228,444 $2,275,000 $752,500 $1,322,500 THORNLEIGH $2,122,500 $1,910,000 $1,380,500 $910,000 WESTLEIGH $2,005,000 $2,050,000 - - PENNANT HILLS $2,300,000 $2,380,000 $735,000 $647,500 WEST PENNANT HILLS $2,733,000 $2,620,000 $1,340,000 $1,432,000 2. MEDIAN SALE PRICE HOUSES UNITS JAN-MARCH 25 JAN-MARCH 24 JAN-MARCH 25 JAN-MARCH 24 NORMANHURST $2,177,589 $2,136,071 $752,500 $1,322,500 THORNLEIGH $2,147,312 $2,028,643 $1,379,833 $970,880 WESTLEIGH $1,820,000 $2,149,667 - - PENNANT HILLS $2,335,318 $2,356,545 $705,000 $627,200 WEST PENNANT HILLS $2,796,008 $2,757,578 $1,361,250 $1,508,857 3. AVERAGE SALE PRICE HOUSES UNITS JAN-MARCH 25 JAN-MARCH 24 JAN-MARCH 25 JAN-MARCH 24 NORMANHURST 11 14 2 2 THORNLEIGH 16 14 6 10 WESTLEIGH 13 15 - - PENNANT HILLS 15 11 4 10 WEST PENNANT HILLS 39 45 4 7 1. NUMBER OF SALES
HIGHLIGHT SALES BY NATHAN LEUZZI & DION VERZELETTI STREET RECORD STREET RECORD STREET RECORD SOLD $2,610,000 SOLD $3,580,000 SOLD $2,350,000 SOLD $2,250,000 SOLD $2,160,000 SOLD $2,210,000 SOLD $2,250,000 SOLD $2,444,000 36 Nicholson Avenue, Thornleigh 3 Glendale Grove, West Pennant Hills 52 Bellamy Street, Pennant Hills 23 Knox Place, Normanhurst 7 Western Crescent, Westleigh 240 Purchase Road, Cherrybrook 14 Judson Road, Thornleigh 101 Fox Valley Road, Wahroonga 4 2 2 5 4 3 4 2 3 4 2 1 5 2 2 4 2 2 4 2 2 4 2 1
WHY SELL WITH RAY WHITE UPPER NORTH SHORE? WHY SELL WITH RAY WHITE UPPER NORTH SHORE? Sales Volume Ray White Compeঞtor 1 Compeঞtor 2 Compeঞtor 3 Compeঞtor 4 0 200 400 600 800 Sales Value Ray White Compeঞtor 1 Compeঞtor 2 Compeঞtor 3 Compeঞtor 4 $0 $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 Source: CoreLogic Market Scorecard FY24 Ray White Upper North Shore sets the standard by selling more properties than any other agency across the Upper North Shore. This extensive track record enables us to connect with more potential purchasers than anyone else, ensuring unmatched exposure for your property. Our comprehensive marketing strategies are proven to give you an advantage when selling your home. VIEWS ENGAGEMENT ENQUIRIES SAVES & SHARES 1,348 1,016 906 675 18 13 54 36 RAY WHITE UPPER NORTH SHORE MARKET AVERAGE Source: Domain published listings FY24
PREPARE YOUR HOME FOR AN AUTUMN OR WINTER SALE Curb Appeal: Utilise the natural beauty of autumn foliage to enhance your property's curb appeal. The cooler months can be a great time to sell your home, offering unique advantages. Here are some tips for making a sale in either autumn or winter: Focusing on these aspects can help sell your home effectively in autumn or winter, leveraging the season's unique selling points. Reach out to our team today to learn how to maximise your selling price. Maintain Exterior: Keep up with lawn maintenance, rake leaves regularly, and ensure pathways are clear and well-lit. Enhance Outdoor Spaces: Make your garden appealing with simple updates and demonstrate how outdoor areas can be enjoyed year-round, possibly adding features like fire pits or outdoor heaters. Warmth: Keep your home warm during opens inspections, so your home feels inviting to prospective buyers. PREPARE YOUR HOME FOR AN AUTUMN OR WINTER SALE
★★★★★ THANK YOU SUPERSTARS “I’d like to thank Team Ray White, Nathan & Giuseppe, for selling our property at a street record price. The process we went through to market the property, the sales strategy and finally the auction process itself, got us the best outcome! I commend Nathan and Giuseppe for their prompt guidance and responses (to my annoying questions at times) while driving the campaign process to a great outcome.” VENDOR – WEST PENNANT HILLS ★★★★★ GREAT SERVICE AND RESULT “Big thanks to Nathan and Giuseppe for selling our property. They made the process go so smoothly. The marketing and sales strategy worked out really well. The success is achieved by their professionalism and years of experience. Definitely will recommend them to my friends and relatives who seek worry free management on buying or selling.” VENDOR – PENNANT HILLS ★★★★★ DION IS REMARKABLE “Dion showed enormous compassion, patience and understanding during the sale process involving an extremely difficult and bitter family crisis. He remained impartial and offered sound advice and encouragement. Dion’s attention to detail, his ability to pull everything together in a timely, orderly fashion is second to none. The house had to have extensive repairs and cosmetic work and Dion organised the trades, times etc., whilst never pressuring me and making sure I understood all that was being done. He is a remarkable person, clearly loves his job and helping people during the emotional and often difficult process of selling their home.” VENDOR – WESTLEIGH ★★★★★ ABSOLUTELY RECOMMEND “I can only express my sincere gratitude to Dion & the RW Pennant Hills team. Dion held my hand all the way from the start to the end. His professionalism, communication skills, knowledge and most of all the passion to support the seller was incomparable. Nothing was too difficult. All options of support were provided, his judgement was spot on. Dion and his team worked around the tough timeline and their positive attitude, flexibility, and listening skills are exceptional. Absolutely recommend Dion as the best real estate agent in the Westleigh/ Pennant Hills area.” VENDOR – WESTLEIGH A WORD FROM NATHAN & DION’S CLIENTS Nathan Leuzzi 0412 975 190 nathan.leuzzi@raywhite.com Dion Verzeletti 0413 753 695 dion.verzeletti@raywhite.com
PROUD RECIPIENTS OF 14 RATEMYAGENTS AWARDS Ray White Upper North Shore is proud to be the winner of Agency of the Year 2025 in 14 suburbs across the Upper North Shore. Plus, awarded #55 in the Top 100 Agencies of the Year in Australia. PROUD RECIPIENTS OF 14 RATEMYAGENTS AWARDS Roseville 39 Hill Street Wahroonga 18 Railway Avenue St Ives 237 Mona Vale Road Hornsby 45-47 Hunter Street Pennant Hills 1 Hillcrest Road Ray White Upper North Shore Head Office: 2 Turramurra Avenue, Turramurra raywhiteuppernorthshore.com.au
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