Francesca Parrino Winter Review 2017

Francesca Parrino Winter Review Berowra & Berowra Heights 1 July 2016 – 30 June 2017

Francesca Parrino

I am delighted to be providing my first market review of our local market in the last financial year from our new office in Berowra. We have now entered what is typically the quiet season for the real estate market. Berowra and Berowra Heights, has enjoyed an unseasonably busy period for the months of May and June and our office has sold 12 properties in that timeframe.

Stand out results have still been recorded in our local market and I am very happy to share the following examples: 27 Goodwyn Road, Berowra - federation style property with 3 bedrooms and additional studio was on the market for 1 day and sold pre-auction for $ 1,470,000 14 Rosslyn Street, Berowra - renovated 4 bedroom home was on the market for 1 day and sold for $1,352,500 ($52,500 over the price guide of $1,200,000 to $1,300,000) 11 Clinton Close, Berowra Heights – original red brick 3 bedroom home sold prior to marketing from a buyer sourced through the McGrath database within 7 days for $1,171,000 ($121,000 over the price guide of $1,010,000 to $1,050,000) A few observations we are seeing out in the market below: • There are fewer buyers through our open houses • Buyer urgency is decreasing • Strong prices are still being achieved but days on market have increased The last financial year has seen a constant period of steady price increases – about 20% and we are now entering a period of consolidation which will provide stable price levels. It is unlikely that we will see any further growth in value for quite some time. There is even a possibility of a minor price correction this year especially if interest rates escalate significantly.

Our local property market will continue to enjoy a positive environment as the demand remains stronger than our supply. The stabilisation and calming of the price growth must be seen as very positive as it may encourage vendors to list their property as they come to terms with the knowledge that the market has reached its peak as the prices level out. This also gives first home buyers an opportunity to obtain the new grants available and secure their first property.

In conclusion, I would like to thank the Berowra Community for the overwhelming welcome my team and I have received following the opening of our beautiful new office. We have received many good wishes and gifts and many local residents have popped in to visit and meet the team. For those of you who have not met the Berowra team, please see the back of this review for a photo.

Berowra statistics Change in median prices (houses) Period

Berowra (% change)

Berowra Heights (% change)

Hornsby LGA (% change)

2016

8.43%

-4.83%

22.56%

2015

10.9%

20.0%

16.6%

2014

14.5%

20.3%

12.7%

2013

11.6%

1.5%

1.0%

2012

-1.1%

8.9%

1.4%

2011

1.6%

0.9%

11.5%

2010

12.9%

7.0%

4.7%

Berowra house sales – last 12 months Number sold

Median price

Average price

Highest price

Lowest price

56

$1.1m

$1.094m

$1.5m

$733.334k

Top 5 Berowra house sales – last 12 months Address

Bed

Bath

Car

Sale date

Land size

Sale price

18 Kona Close, Berowra

5

3

2

21 December 2017

732sqm

$1.5m

27 Goodwyn Road, Berowra

4

3

2

27 April 2017

942sqm

$1.47m

25 Collingridge Way, Berowra

4

2

2

15 December 2016

760sqm

$1.37m

8 Overton Close, Berowra

4

2

2

6 May 2016

803sqm

$1.36m

1 Proctor Place, Berowra

5

2

2

30 September 2016

812sqm

$1.355m

Berowra Heights house sales – last 12 months Number sold

Median price

Average price

Highest price

Lowest price

64

$1.05m

$1.061m

$2.02m

$715k

Top 5 Berowra Heights house sales – last 12 months Address

Bed

Bath

Car

Sale date

Land size

Sale price

33 Cambewarra Crescent, Berowra

5

2

2

22 December 2016

1,530sqm

$2.02m

4 Alston Drive, Berowra Heights

4

2

2

25 February 2017

1,056sqm

$1.42m

65 Lonsdale Avenue, Berowra Heights

4

2

3

13 June 2017

1,062sqm

$1.375m

1 Woombye Close, Berowra Heights

3

1

2

13 May 2017

997sqm

$1.3m

37 Cliffview Road, Berowra Heights

4

2

2

25 October 2016

695sqm

$1.3m

Notes: This information is being provided by Australian Property Monitors and CoreLogic RP Data based on exchanged sales. Its accuracy cannot be guaranteed.

Parties should rely on their own enquiries and McGrath will not be liable for error or admissions herein

Testimonial

“Francesca and her colleagues did a great job from Day 1, they all offered good advice which resulted in a sale that exceeded our expectations�.

Sandra and Michael Larymore - 27 Goodwyn Road, Berowra

Francesca’s Berowra sales No.

Address

Bed Bath

Car

Sale date

Land size

Sale price

1

5 Helvetia Avenue, Berowra

3

2

2

22 June 2017

715sqm

$1.25m

2

7 Greenview Parade, Berowra

4

3

3

14 June 2017

777sqm

$1.3m

3

16a Waratah Road, Berowra

4

2

3

29 May 2017

680sqm

$1.33m

4

15 Arcadia Crescent, Berowra

2

1

2

17 May 2017

697sqm

$1.01m

5

14 Rosslyn Street, Berowra

4

2

1

9 May 2017

777sqm

$1.352m

6

12 Arcadia Crescent, Berowra

3

1

1

6 May 2017

727sqm

$1.06m

7

27 Goodwyn Road, Berowra

4

3

2

27 Apr 2017

942sqm

$1.47m

8

24a Anembo Road, Berowra

3

2

1

21 April 2017

798sqm

$1.18m

9

27 Greenview Parade, Berowra

4

2

2

11 April 2017

752sqm

$1.225m

10

71 Bambil Road, Berowra

3

2

2

11 April 2017

695sqm

$1.13m

11

4 Summerhill Way, Berowra

4

2

2

6 April 2017

405sqm

$1.21m

12

12 Goodwyn Road, Berowra

3

1

2

10 April 2017

1220sqm

$1.330m

13

6 Kauri Avenue, Berowra

3

1

2

10 March 2017

739sqm

$1.131m

14

103a Berowra Waters Road, Berowra

3

1

0

7 March 2017

1220sqm

$1m

15

3 Arcadia Crescent, Berowra

4

2

2

1 March 2017

695sqm

$1.14m

16

2 Collingridge Way, Berowra

5

2

2

3 February 2017

442sqm

$1.27m

17

7 Koorong Street, Berowra

4

1

4

3 February 2017

739sqm

$1.102m

18

16 Waratah Road, Berowra

3

1

2

23 January 2017

545sqm

$937k

19

8 Arcadia Crescent, Berowra

4

1

2

15 December 2016

967sqm

$1.1m

20

2 Foster Way, Berowra

5

2

2

22 November 2016

586sqm

$1.325k

21

935 Pacific Highway, Berowra

3

1

2

11 October 2016

682sqm

$967k

22

7a Goodwyn Road, Berowra

2

1

1

6 October 2016

657sqm

$860k

23

1 Proctor Place, Berowra

5

2

2

30 September 2016

812sqm

$1.355m

24

84c Berowra Waters Road, Berowra

4

2

2

19 September 2016

601sqm

$1.085m

25

38 Kywong Road, Berowra

3

1

2

21 July 2016

841sqm

$950k

Francesca’s Berowra Heights sales No. Address

Bed Bath

Car

Sale date

Land size

Sale price

1

61 Wideview Road, Berowra Heights

3

1

3

27 June 2017

695sqm

$1.175m

2

65 Lonsdale Avenue, Berowra Heights

4

2

3

13 June 2017

1062sqm

$1.375m

3

7 Currawong Road, Berowra Heights

4

2

2

9 June 2017

718sqm

$1.265m

4

5 Blue Ridge Crescent, Berowra Heights

4

2

2

30 May 2017

752sqm

$1.25m

5

11 Clinton Close, Berowra Heights

3

1

1

24 May 2017

929sqm

$1.171m

6

76 Alan Road, Berowra Heights

3

1

3

16 May 2017

1107sqm

$1.2m

7

15 Joalah Crescent, Berowra Heights

4

1

2

9 May 2017

771sqm

$1.18m

8

7 Elizabe Street, Berowra Heights

3

1

2

9 May 2017

739sqm

$1.01m

9

71 Alan Road, Berowra Heights

4

2

1

2 April 2017

784sqm

$1.206k

10

9 Joalah Crescent, Berowra Heights

4

1

1

19 April 2017

752sqm

$1.028k

11

85 Turner Road, Berowra Heights

0

0

0

24 March 2017

715sqm

$712.5k

12

2 Clinton Close, Berowra Heights

3

1

2

15 February 2017

967sqm

$1.075m

13

18 Warrina Street, Berowra Heights

3

1

2

16 February 2017

500sqm

$900k

14

83 Barnetts Road, Berowra Heights

4

3

1

6 February 2017

695sqm

$1.15m

15

124a Berowra Waters Rd, Berowra Heights

4

2

2

13 January 2017

587sqm

$1.23m

16

47 Evelyn Crescent, Berowra Heights

4

3

2

16 January 2017

970sqm

$1.125m

17

32b Lonsdale Avenue, Berowra Heights

3

2

3

11 November 2016

634sqm

$990k

18

14 Berkeley Close, Berowra Heights

3

2

1

8 December 2016

929sqm

$1.021m

19

34a Lonsdale Avenue, Berowra Heights

0

0

0

6 December 2016

704sqm

$520k

20

6 Blue Ridge Crescent, Berowra Heights

3

1

1

2December 2016

758 sqm

$890k

21

21 Woodcourt Road, Berowra Heights

4

2

2

1 November 2016

720sqm

$1.06m

22

62 Wyana Street, Berowra Heights

4

2

4

28 October 2016

727sqm

$1.002m

23

151 Turner Road, Berowra Heights

5

2

2

28 October 2016

708sqm

$1.05m

24

2 Lingellen Street, Berowra Heights

4

2

2

28 October 2016

897sqm

$1.186m

25

37 Cliffview Road, Berowra Heights

4

2

2

25 October 2016

695sqm

$1.3m

26

75 Lonsdale Avenue, Berowra Heights

4

2

2

10 October 2016

687sqm

$925k

27

75 Alan Road, Berowra Heights

4

2

1

5 October 2016

1037sqm

$1.131m

28

8 Bulwarra Place, Berowra Heights

3

2

1

30 August 2016

841sqm

$820k

29

30 Barnetts Road, Berowra Heights

4

2

1

22 August 2016

790sqm

$890k

Testimonial

“Francesca, Jessica and the team at McGrath Berowra are first rate agents. They were incredibly supportive and held our hand throughout the process, from styling to negotiations. Unlike a lot of agents we immediately trusted them and they proved that they deserved our trust. At each stage they communicated clearly and always treated our opinions and decisions with respect.

Their standards and eye for detail are second to none. We feel lucky that we had Francesca and the team sell our house, secure a great price and we cannot recommend them highly enough�.

Lisa Freshwater and A J Brown - 15 Joalah Crescent, Berowra Heights

Francesca and her team

Francesca Parrino 0415 651 740 9456 9991 francescaparrino@mcgrath.com.au Jessica West 0439 077 378 9456 9992 jessicawest@mcgrath.com.au Ingrid Stewart 0433 286 839 9456 9993 ingridstewart@mcgrath.com.au Alison Gormly 0402 070 809 9456 9994 alisongormly@mcgrath.com.au

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