Cremorne Quarterly Report Jan - Apr
Nicholas Christou
Nicholas Christou
13 Years experience
$8,600,000 Highest sale 100% Clearance rate
22 Average days on market
After a slow end to 2022 there was a sense of rejuvenation for the start of 2023 with many buyers now returning to the market. This coupled with low stock (anywhere from 20-26% down from the same time last year) has seen some great results across the board and lower days on market, generally speaking.
Clearance rate for our market have been consistent at approx. 70% week on week and home values saw the first increase in both February and March, after a 12 month decline. Activity has been higher than expected with record number of both online enquiry and open home attendance. This reflects confidence retuning to the market more than anything.
If you’re thinking of selling, isolation is always the key, which is what we are seeing right now. Therefore, if you’re thinking of making a move, I’d love to hear from you to see how we can help.
Nurturing Diligent Driven
CREMORNE SUBURB STATS
Q1 - 2023
$3.904m
Median house price $1.194m
Median unit price
20% 80% of dwellings in Cremone are houses of dwellings in Cremone are units
$1,500
Median weekly rent
59%
NSW auction clearance rate
1.9%
Median rental yield
55%
45% Owner occupied Tenanted dwellings
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CREMORNE SALES REPORT
Q1 - 2023
Address Bed Bath Car Sold Price 16 Wonga Road 6 3 2 $15,000,000 18 Ellalong Road 4 5 3 $5,100,000 35 Benelong Road 5 3 4 $4,550,000 32 Grasmere Road 5 3 4 $4,175,000 45A Bennett Street 3 2 2 $4,000,000 14A Grasmere Road 3 3 2 $3,865,000 8 Reynolds Street 3 1 1 $3,805,000 401/61 Parraween Street3 3 2 2 $3,600,000 3 Benelong Road 3 1 1 $3,213,000 20A Bennett Street 4 2 2 $3,100,000 55 Sutherland Street 2 1 1 $2,830,000 9/2-4 Reed Street 3 2 2 $2,700,000 25/34-38 Gerard Street 3 2 1 $2,300,000 101/38 Parraween Street 2 2 1 $2,100,000 15/21-25 Rangers Road 2 2 2 $2,050,000
Address Bed Bath Car Sold Price 1/77 Benelong Road 3 2 2 $2,000,000 6/126 Holt Avenue 2 2 2 $1,875,000 1/27 Benelong Road 3 2 1 $1,865,000 5/3 Reed Street 3 2 0 $1,730,000 4/95 Gerard Street 3 2 1 $1,700,000 42/232-240 Ben Boyd Road 2 1 2 $1,660,000 4/126 Holt Avenue 2 2 1 $1,600,000 603/5 Fifth Avenue 2 1 1 $1,575,000 16/94A Spofforth Street 2 1 1 $1,525,000 1/37-39 Gerard Street 3 2 2 $1,500,000 38/6-12 Prospect Avenue 2 2 1 $1,500,000 14/1-7 Hampden Avenue 2 1 1 $1,500,000 2/22 Bennett Street 2 1 0 $1,452,000 3/35 Murdoch Street 2 1 0 $1,390,000 1C/37-43 Reynolds Street 2 1 1 $1,320,000
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CREMORNE SALES REPORT
Q1 - 2023
Address Bed Bath Car Sold Price 301/5 Fifth Avenue 2 2 1 $1,300,000 4/31-35 Sutherland Street 2 1 1 $1,250,000 10/2-8 Gerard Street 3 1 1 $1,240,000 4/25 Parraween Street 2 1 1 $1,215,000 9/19-21 Hampden Avenue 2 2 1 $1,180,000 12/129 Holt Avenue 2 1 1 $1,180,000 4/62 Murdoch Street 2 1 1 $1,131,000 23/40-48 Gerard Street 2 1 1 $1,100,000 11/13 Rangers Road 2 1 1 $1,060,000 13/26-32 Gerard Street 2 1 1 $990,000 16/7 Reynolds Street 2 1 1 $990,000 24/29-35 Gerard Street 2 1 1 $985,000 59/1-7 Hampden Avenue 1 1 1 $860,000 2/85-87 Grasmere Road 2 1 1 $830,000
Address Bed Bath Car Sold Price 7/18-22 Cranbrook Avenue 1 1 1 $816,000 10/136-138 Spencer Road 1 1 1 $760,000 9/59 Yeo Street 1 1 1 $760,000 4/11 Harrison Street 1 1 1 $740,000 8/78 Spofforth Street 1 1 1 $712,000 40/120 Cabramatta Road 1 1 1 $700,000 58/120 Cabramatta Road 1 1 1 $690,000 11/101 Gerard Street 1 1 1 $610,000 414/287 Military Road Studio 1 1 $440,000 2/8 Macpherson Street 3 2 2 Undisclosed 8/77 Benelong Road 3 2 2 Undisclosed 4/87 Gerard Street 1 1 1 Undisclosed 12 Tobruk Avenue 5 5 2 Undisclosed
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MY RECENT CASE STUDIES
6 BED 2 BATH 2 CAR 30 $6m Days on the market Price guide 65 Groups through $6.4m Sale price 28 $1.65m Days on the market Price guide 49 Groups through $1.725m+ Sale price 2 BED 2 BATH 2 CAR
MY RECENT CASE STUDIES
4 BED 4 BATH 2 CAR 28 $6m Days on the market Price guide 75 Groups through $6.2m Sale price 4 BED 2 BATH 2 CAR 30 $2.1m Days on the market Price guide 62 Groups through $2.2m Sale price
TESTIMONIALS
Nic is an excellent hard-working and professional agent dedicated to getting the sale for his customers. Nic believes in keeping the customer fully informed at all times and ensuring the customer feels in control. He follows through, always doing what he says he will do, in the time he says he will do it. He is highly personable and can assess prospective buyers most accurately. We were successful in selling our apartment due to Nic’s excellent advice, strong marketing and his sheer hard work with the prospective buyers right up to and during the auction. Over the years we have sold and purchased many properties and Nic is a truly stand-out agent – we have no hesitation in strongly recommending him.
Vendor
We were recommended to contact Nic when we were thinking of selling our home. Nic was incredible, answered all of our questions and concerns throughout the whole process. He is a very approachable and straightforward person and an excellent communicator, he called us every day with updates and also sent regular emails. He also asked us regularly how we were feeling about everything, Nic is kind and empathetic as well as being hungry for a sale on our behalf. We realised throughout our auction that he is tenacious and doesn’t give up. In retrospect, our experience was bearable because of Nic. We also had some laughter and humour scattered throughout the speedy four week campaign!
Vendor
What my clients have to say
Looking for certainty in a changing market? Contact me today. Nicholas Christou 0421 245 574 nicholas.christou@atlas.com.au atlas.com.au Atlas by LJ Hooker
