Quarterly Marketplace Report
Narraweena Properties Sold 1st April – 30th June 2016
How’s the market? With record breaking selling conditions, why aren’t more people selling? We saw an increase of 1.6% over June. This positive statistic is a direct effect of the surprise interest rate cut by a further 25 basis points in May. The market is up 12.3% since June last year.
Many factors play a part in this. Some are holding off due to the federal election, while many people have simply put their plans on hold because they cannot find a suitable property to move into.
The very low supply of housing on the market is fuelling further price growth. Take a look at this graph, showing the number of property listings for the first 4 months of each year since 2011 on the Northern Beaches:
The other major factor is the high change over costs in moving particularly the payment of stamp duty when re-buying. Now for sellers that are ready to go onto the market - should they wait until Spring? A common misconception when it comes to selling real estate is that many people think the best time to put a property on the market is in Spring time.
You can see that year on year, the amount of properties on the market keeps reducing dramatically to less than half when compared to 5 years ago. June 2016 marks the fourth year of this current growth cycle, so with record breaking selling conditions, why aren’t more people selling?
Traditionally many people put their selling plans on hold in Winter because of the colder months. This in fact leads to an influx of property coming onto the market in Spring, which means more competition amongst sellers. I urge you, if selling is on your radar, to forget Spring time and seriously consider selling in winter when there are less properties listed for sale.
2nd Quarter 2016 Statistics: Narraweena
Residential properties sold
Properties for sale today
11
2
Highest Sale Price
$1.62m
Median Sale Price
$1.3m
Number of properties sold so far in Narraweena in 2016
20
Number of properties sold compared to this time last year & last quarter
Number of properties sold
16 14
Apr-Jun 2015
12
Apr-Jun 2016
10
Jan-Mar 2016
8 6 4 2 0
What’s the most common price bracket in Narraweena? $1.5mil$1.75mil
$750,000-$1mil $1mil-$1.25mil
$1.25mil$1.5mil
Properties Sold 2nd Quarter 2016 3/7 Ronald Avenue 2 bed 1 bath 1 car
18 Edward Street 2 bed 1 bath
1
car
279m2
$- Not Disclosed
$931,000
2/58A Consul Road North 3 bed 2 bath 1 car
19 Chester Place 6 bed 2 bath 1 car
569m2
$1,040,000 5 Larmer Place 4 bed 3 bath
$1,205,000 1
car
708m2
$1,350,000 3 Kerr Close 3 bed 2 bath
677m2
$1,385,000 1
car
4
car
594m2
5 Sherwood Crescent 3 bed 2 bath 1 car
556m2
$1,435,000
$1,387,000 240 Alfred Street 3 bed 1 bath
55 Consul Road North 4 bed 2 bath 2 car
645m2
$1,440,000 18 Lascelles Road 4 bed 2 bath 1 car
20 Greenwood Avenue 4 bed 2 bath 2 car
614m2
$1,526,000 607m2
$1,620,000
Information about this report: This report only shows 3 months of sold properties and data. This report is based on third party data, which is provided by RP Data. Whilst care has been taken in the preparation of this report, neither the author nor the real estate agent takes any responsibility for any incorrect, misleading or inaccurate data. Please disregard this publication if your property is exclusively listed with another agent. Houses displayed are only houses which have sold in the quarter and were publicly listed.
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It’s my expectation that every property owner who reads this will certainly be in a better position to make an informed decision before they place their property on the market. In it, Peter makes no apologies for the criticism leveled at various ‘old school’ real estate agents’ practices, which, surprisingly I see some agents still persist in doing (maybe out of habit). The property-selling-success-strategies Peter Hutton recommends have been refined over the years and thoroughly tested (by many agents including myself). Fact is, they work. It is my hope that this little book will save the reader, you, thousands of dollars (and even make you money) wherever and whoever you are selling with provided Peter’s advice is followed. Enquire with me today to get your free copy, no strings attached. To your property selling success. Tony Quattroville
Why Tony Quattroville?
Tony Quattroville is an accomplished businessman and real estate agent who offers clients a unique understanding and passion for the Northern Beaches real estate market. A first-rate negotiator with a reputation for achieving results above expectation, Tony Quattroville has more than 30 years of local real estate experience and intimate market knowledge to his name. After successfully completing his studies at St Pauls College, Manly he commenced his career in real estate in 1985, selling his first listing when he was just 18 years young. Since that time he has sold more than 1000 properties on the Northern Beaches, some up to 4 times round. Tony is highly respected for his exceptional results, honesty and professional service. Tony is now ranked in the top 3% of best performing agents in the country.
A consummate professional known for his up-front and direct approach, Tony has a natural way of making people feel comfortable and educated in their decisions. He prides himself on his commitment to customising and assertively executing the best possible transaction on his clients’ behalf. Tony’s deep-seated sense of reliability has resulted in an extensive client base. His inbuilt understanding of differing needs and ability to match people with property has resulted in ongoing repeat & referral business. He uses his creative talents to find solutions that make sure his deals succeed.
TESTIMONIALS: Please feel free to call Patrick and Susan (recent vendors) who’ll be happy to have a chat with you about the brilliant result Tony was able to achieve for the sale of their homes. Call Patrick Feltham on 0459 516 735 and Suzie Patterson on 0450165 775.
About us ONEAGENCY is a network of the industry's top real estate professionals- individuals who have excelled in their field & have earned the respected reputation required to successfully operate their very own real estate practice. The ONEAGENCY ethos is all about ONE on ONE personal service. After 30 years of successfully selling real estate on the Northern Beaches & with over 1000 sales personally to his name, highly regarded real estate identity Tony Quattroville, has proven over the years that when it comes to selling or leasing a property most owners will choose an experienced individual over a large organisation, and personal service counts for way more than the size of your shopfront.
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Office
02 9905 3883
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