Pymble market update JANUARY - JUNE 2025 Courtesy of Rowan Lazar – Ray White Upper North Shore
WHAT’S HAPPENING IN OUR MARKET? The first six months of 2025 has been a period when we have seen all personalities of the real estate market. Some weeks the market has felt like it’s booming, other weeks it’s felt strong at the start of the week and flat by week’s end, and then we have had periods where it’s been like pulling teeth trying to get a buyer to commit to a property. But sitting here at my computer and reflecting on the year so far, I have to say it’s been a reasonably good year. Despite the market fluctuating from week to week, there are enough success stories to conclude that the market has performed at least on average if not slightly better. But it’s mixed and contradictory. Numbers don’t lie, but this year the numbers don’t tell the full story. The reality is the market is flat, and the numbers say that, and in some suburbs the numbers indicate prices are actually dropping. In addition, auction clearance rates - which have been the traditional barometer of the market - have not been particularly good either. Some weeks they sit around 50% and others up to 70%, but mostly around the lower end. But interestingly, homes are selling, and they are selling regularly, even if they are taking a bit longer to sell. And homes selling is the most important metric of all in real estate, despite the many metrics we use. Yes, most of the people selling are not actually getting their dream price, but they are getting good enough prices to sell. They are also getting 50% more than that would have in 2020 and considering most Pymble owners have lived on average in their homes for 16 years, they are generally selling 150% - 200% more than they paid for them. And let’s not forget that most people selling are in most cases buying at the same time, so it’s all relative. Perspective is a wonderful thing in real estate. As we move towards the end of this financial year, it seems to be getting a little easier to sell at better prices and buyers seem a little more willing to commit. Dropping interest rates are slowly filtering through, and there is the prospect of further drops ahead but there is no guarantee of more. In addition, homes that have been sitting on the market for longer periods of time (3 months or more) are getting more attention and starting to sell as the lower number of properties on the market in Winter increases competition. We look to the upcoming Spring selling season (starting shortly after the July school holidays) as being a stronger second half with the potential of further interest rate cuts, coupled with the enthusiasm the market almost always seems to experience as we move into the warmer months. Rowan Lazar 0412 329 789 rowan.lazar@raywhite.com
SALES AND GROWTH FOR PYMBLE BASED ON SETTLED (COMPLETED) SALES 0 50 100 150 200 250 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500000 1000000 1500000 2000000 2500000 3000000 3500000 4000000 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Number of sales Median sales value ($) Source: Pricefinder 2024 5 Year Median Price Trend & 12 Month Growth $3,725,000 June 2024 - May 2025 Median price Past 12 month growth Up 0.7% $3.85m $3.3m $2.75m $2.2m Jun ’20 Jun ’21 Jun ’22 Jun ’23 Jun ’24 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 Number of Sales (median) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Month Peak Selling Periods Source: REA 2025 Source: Pricefinder 2025
Source: Six Maps THEN 1943 Top right Pacific Highway & Mona Vale Road intersection Top left Avondale Golf Course NOW 2025 Top right Pacific Highway & Mona Vale Road intersection Top left Avondale Golf Course
HIGHLIGHT SALES BY ROWAN LAZAR SOLD $4,990,000 SOLD $4,600,000 SOLD $4,385,000 SOLD $4,200,000 SOLD SOLD $3,853,000 SOLD SOLD $3,661,000 59 Station Street, Pymble 7/55 Pentecost Avenue, Pymble 63 Avon Road, Pymble 4 Royston Close, Pymble 17 Greenway Drive, Pymble 14 Coleridge Street, Pymble 2 Crown Road, Pymble 34 Telegraph Road, Pymble
OUR TRUSTED PRESALE PREP TEAM APPLIANCE SERVICE & REPAIRS Arkady Olevson | 0411 363 521 ARBORIST & TREE REMOVAL Steve Vogel | 0407 894 153 BUILDER Finest Constructions Lachlan Pappas | 0423 773 135 CONVEYANCER Penny Fraser | 0416 349 161 penny@pennyfraser.com.au CARPET & FLOORING Carpet Right Pymble Blake Xu | 02 9144 4166 The Colour Painting Jay Ahn | 0401 199 166 CLEANER Anthony Farrah | 0411 845 894 North Shore Cleaning Danielle | 0421 676 226 DE-CLUTTERING & DOWNSIZING MadeHome Jo Cook | 0413 374 901 Lynne Bartlett | 0414 988 919 packandunpacku@gmail.com ELECTRICIAN Bruce Bewley | 0403 703 100 FLOOR SANDING Jay | 0413 740 048 FURNITURE & HOUSEHOLD GOODS DONATION Marion | 0432 527 185 GARDENING & LANDSCAPING John Lees | 0497 603 894 Jake Smartt | 0428 862 270 GUTTER CLEANING Gutter Vac | 0438 883 852 HANDYMAN Joe Gallo | 0417 894 512 HOUSE & PRESSURE WASH Michael Webb | 0418 969 257 Anthony Glynn | 0405 615 728 OVEN CLEANER Elegance Oven Cleaning | 1300 353 840 PAINTER The Colour Painting Jay Ahn | 0401 199 166 PEST & BUILDING REPORT www.beforeyoubuy.com.au | 1300 253 761 PLUMBER Mr Nice Plumbing Charlie | 0419 747 626 POOL FENCE INSPECTION/COMPLIANCE Certified Pools Granville Harris | 0414 880 374 Miss Dolphin Julia Xu | 0424 165 168 POOL COMPLIANCE RECTIFICATION Glass with Class Guy Chapman | 0404 848 824 POOL MAINTENANCE Able Pools Lucas | 0414 949 827 REMOVALISTS Posch & Silva Removalist Rafael | 0425 696 655 Move For Me Jason | 0459 950 456 SOLICITOR John de Mestre | 0418 860 690 info@jdemco.com.au STYLING Coco Republic Jenny Conroy | 0451 631 641 Novari Vanessa Laman | 0411 721 203 Furnish & Finish Nicola Gallard | 0419 160 417 MadeHome (elevation) Jo Cook | 0413 374 901 DISCLAIMER: Engagement of these suppliers is directly between vendor and supplier and does not involve any financial relationship with the agent. Whilst all care is taken, Rowan Lazar and any member of his team accept no responsibility and disclaim all liability. We recommend seeking multiple quotes and your due diligence is encouraged.
A WORD FROM OUR CLIENTS Rowan Lazar 0412 329 789 rowan.lazar@raywhite.com Calm professionalism and a great outcome “We are delighted we chose Rowan to manage our sale. He communicated openly, clearly and honestly about the state of the market, the value of our home, the process we would follow and the things we could and couldn’t control to maximise the value of our home. Rowan and the team ensured we had everything we needed, always delivered with the same calm professionalism that ensured we ended up with a great outcome. Thank you!” ADAM RITCHIE – 59 STATION STREET PYMBLE He worked incredibly hard “We had the pleasure of working with Rowan, and we couldn’t be happier with the experience. He worked incredibly hard throughout the entire process, demonstrating professionalism, dedication, and an impressive depth of market knowledge. Rowan’s commitment to achieving the best possible outcome was evident in every interaction. His clear communication, strategic approach, and tireless effort made all the difference, and we are absolutely thrilled with the result he delivered.” TAHNEE ANDERSON – 7/55 PENTECOST AVENUE PYMBLE With the extra touch of patient good humour “Rowan and his highly professional team provided excellent support throughout the selling process. We particularly appreciated the practical advice for pre-sale preparations, the clear and honest conversations throughout the sales period together with the extra touch of patient good humour in our communications.” JANE GLOVER – 17 GREENWAY DRIVE PYMBLE Proud Community Partners 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 CHAIRMAN’S PERFORMER 24-25
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