Cromer Market Update Michelle Jones YOUR LOCAL AGENT
Suburb sales 135
Total sales in Cromer over the last 12 months
25A Toronto Avenue
12 Denison Place
17 Little Willandra Road
18/5 Carousel Close
1/33 Truman Avenue
12 Tennyson Road
17 Evergreen Drive
71 Carawa Road
15 Badcoe Road
99/81 Willandra Road
24 Evergreen Drive
28 Wabash Avenue
Suburb statistics How Cromer performed over the last 12 months
$4,950,000
$2,250,000
$1,170,000
Highest sale price
Median House price
Median Unit price
21
105
30
Average days on market - House
Number of House sales
Number of Unit sales
11
$950/week
$550/week
Average days on market - Unit
Average rental price - House
Average rental price - Unit
31%
13.3%
Capital growth - houses
Capital growth - units
Source: CoreLogic data is reported from July 2021 to the period ending 15th July 2022. Please note that property sales data is routinely updated, so may change retrospectively.
Market wrap In 2021, the Northern Beaches had the strongest annual growth on record, with median house price growing up to 50%. Taking that into consideration, the first half of 2022 has seen a 15% correction across the northern beaches and specifically Cromer still up 31% compared to 2020. Making these conditions the ideal market to transition into apartment/lifestyle living. Downsizers have many options available to make the change as seamless as possible. As the largest single office on the Northern Beaches, we can assist in finding your next property to purchase or lease. With new developments available across the region, we have many off-the-plan homes that could suit your needs. Currently 61.4% of enquiries is driven by “out of area” buyers looking to call the Northern Beaches home. With 20% less properties on the market and strong buyers looking to make their move, Cromer maintains demand to produce higher than average auction success rates.
I recommend residents take advantage of the market now and increase their personal wealth by shifting their five-year plan into the present whilst the market is still strong. Whether you’re a downsizer, upsizer, first home buyer or wanting to grow your portfolio, we are here to help you find yourself in a better place. I look forward to chatting with you soon. Michelle Jones • 0452 337 680
How Upstate performed in 2021
544
615
$10,125,000
Residential sales
Residential leased
Highest sale price Northern Beaches
108
123
118,000+
Commercial sales
Commercial leased
Prospective buyers on our database
Auction clearance rates
100%
58%
70.8%
Auction clearance rate Upstate
Auction clearance rate Sydney
Auction clearance rate Northern Beaches
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BELLE DEE WHY
CLARKE AND HUMEL
CUNNINGHAMS BALGOWLAH
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Michelle Jones Licensed Real Estate Agent
0452 337 680 michelle.j@upstate.com.au
As a dedicated mother, Michelle understands the real needs of families and people seeking the ideal home or sale result.
$3,350,000
177
65%
Highest sale price
Total properties sold
Repeat clients
ACHIEVED A GREAT PRICE
ENTHUSIASM AND KNOWLEDGE
Michelle sent us regular updates
We picked Michelle as our agent
throughout every step of the journey.
because of her enthusiasm, energy
We were particularly impressed with her
and local market knowledge paired
knowledge of the market which enabled
with an air of transparency. Based
her to set an asking price that was able
on our experience we would have
to be achieved much to our satisfaction
no issue recommending Michelle to
and within a very short time frame too.
sell your property.
We’d recommend her without hesitation.
Vendor - Kevin H.
Vendor - Mick and Helen
upstate.com.au Level 1, Suite 15, 888 Pittwater Road, Dee Why, NSW 2099
YearS YOUNG
1922-2022