Elermore Vale Property Report Spring 2022 Courtesy of David Caldwell, Your Agency
Newcastle has had another huge year in real estate; with prices seeing significant increases across all suburbs. Although we are now starting to see buyer activity starting to regulate, which simply means instead of having 50 or more people lined up at our open homes we are now averaging 10-15 buyers coming through. And with less demand comes less urgency and the (FOMO) or “fear of missing out” factor is no longer playing a part in buyers decision making. Buyers are now happy to sit back and do their due diligence before jumping in with an offer at the first open home! Renovated and well presented homes are now in big demand as renovating or building has become a challenging and expensive process. This is an interesting change because at the end of market booms, we typically see more demand for cheaper original or run down homes. Given building costs are predicted to be elevated over coming years; I expect that finished homes will not only retain their premium price for some time, but the value spread between renovated and unrenovated properties will, in all likelihood, get wider. Sellers are able to achieve a premium for new and renovated homes in today’s market! Despite having a smaller buyer pool and less listings currently on the market; we are still achieving suburb and street record sales on a regular basis. So yes, things have slowed down and the heat has come out of the market but we haven’t seen any signs of prices dropping as yet. David Caldwell Director & Licensee Welcome to your market update David
If you’re thinking about making a move but aren’t up to date with current local conditions or are curious about the market value of your property, then put us to work! Request a Market Review and we’ll provide you with an area profile, recent sales and listing activity, plus a guide for what your home is worth. Best of all, it’s free! Ask for a Market Appraisal and we’ll use real-time market data to analyse similar property sale prices in your area, as well as our own experience to assess the market appeal of your property. There’s no obligation to list if you decide that maybe the time is not quite right. A market review and appraisal offer It’s as simple as scanning the QR code below Or get in touch with David Caldwell today Call or SMS: 0408 525 362 Email: david.caldwell@youragency.net.au
10 Duncan Close, Elermore Vale SOLD $816,000 9 Valerie Court, Elermore Vale SOLD $1,015,000 12 Cambronne Parade, Elermore Vale SOLD $810,000 SOLD RECENT SALES IN YOUR NEIGHBOURHOOD 2 2 3 6 Kerry Avenue, Elermore Vale SOLD $745,000 8 Justin Parade, Elermore Vale SOLD $838,000 2 2 3 2 1 2 2 2 4 2 2 5
13 Jeffro Place, Elermore Vale SOLD $1,015,000 16 Pisces Avenue, Elermore Vale SOLD $1,115,000 2 2 4 2 2 4 26 Pisces Avenue, Elermore Vale SOLD $1,250,000 34 Pisces Avenue, Elermore Vale SOLD $1,250,000 3 2 4 3 2 5 52 Smith Street, Elermore Vale SOLD $900,000 84 Dangerfield Drive, Elermore Vale SOLD $1,491,000 2 2 3 4 2 5
Fast facts Source: CoreLogic RP Data 19 May – 19 August 2022 SOLD LAST QUARTER 12 11 HOUSE SALE PRICE Highest Lowest Median $1,015,000 $731,000 $745,000 $525,000 $838,000 $622,141 MEDIAN DAYS ON MARKET 17 17 HOUSES UNITS Compared to five years ago, the median sales price for houses in Elermore Vale has increased 45.7% which equates to a compound annual growth rate of 7.81%. Fast facts Elermore Vale
Always gets the best sale price David is a go-getter. He always achieves the best sales results for his clients. Matt Vine Excellent sales strategist David’s experience in running strong sales campaigns and advice in closing the deal makes him the number one agent for selling property in Newcastle. Sandy Stuart The right approach David puts you at ease and you just know he’ll get the job done minus undue pressure. He treats buyer and seller equally and makes the sales journey fun. It was a pleasure to deal with a real professional who knows the importance of working with you. Can’t rate the experience highly enough. Dorothy Wilkinson Thoroughly guided David was well prepared from the outset and very thorough in his approach. He was always available and genuinely interested in getting the best outcome for us. He guided us on each step from marketing to settlement. He guided our concerns appropriately and helped alleviate them, particularly as we were first time sellers. We would strongly recommend David for his professionalism and enthusiasm. Sam & Sabina Acharya Ultimate professional David and his team were the ultimate professionals when selling our place. David was completely hands on with every stage providing a high level of service which most agencies cannot or don’t offer. Alex & Elle Hutchinsen A word from my clients
Your Agency 3/102 Tudor Street, Hamilton NSW 2303 02 4023 8440 youragency.net.au With more than 22 years of industry experience, David Caldwell is one of Newcastle’s most experienced real estate professionals. Renowned for his honest and genuine approach, David continually exceeds his client’s expectations and is passionate about helping each individual find their new home. David believes in transparency when it comes to selling or buying a new home, and it is this philosophy that has allowed him to build a dedicated client base. His track record includes numerous suburb and street records. It is results like these that should make David your first choice when selling your home. David Caldwell Director & Licensee 0408 525 362 david.caldwell@youragency.net.au Your local area expert
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