Narrabeen + North Narrabeen Market Update Lachlan Yeates James Leith
YOUR LOCAL AGENTS
271 Total
Narrabeen and Narrabeen
308/44 Ocean St $4,300,000 BED 3 BATH 2 CAR 3 3/39 Clarke St $1,575,000 BED 2 BATH 1 CAR 2 103/44 Ocean St $2,550,000 BED 2 BATH 2 CAR 2 21 Irrawong Rd $1,780,000 BED 4 BATH 2 CAR 1 1/27 Clarke St $1,728,000 BED 3 BATH 2 CAR 2 4/18-20 Goodwin St $1,610,000 BED 2 BATH 2 CAR 1 48 Lindley Ave $4,700,000 BED 4 BATH 3 CAR 2 50a Wimbledon Ave $3,050,000 BED 4 BATH 2 CAR 2 13/92-94 Ocean St $3,550,000 BED 3 BATH 2 CAR 2 23/11 Ocean St $3,400,000 BED 3 BATH 2 CAR 2 77 Wimbledon Ave $5,002,500 BED 4 BATH 2 CAR 2 11 Nareen Pde $ Contact Agent BED 3 BATH 2 CAR 2 Please note that all recent sales are provided by Corelogic for Narrabeen and North Narrabeen.
Suburb sales
sales in North
over the last 12 months
$7,310,000 Highest sale price 25 Average days on market - Unit 14,300+ North Narrabeen and Narrabeen population $2,300,000 Median House price $1,115,000 Median Unit price $950 /week Average rental price - House 30 - 39 years Largest buyer demographic $600 /week Average rental price - Unit 56% Narrabeen clearance rate
35 Average days on market - House 99 Number of House sales 172 Number of Unit sales How Narrabeen performed over the last 12 months Source: Data is provided by CoreLogic and is based on statistical market data. Whilst all reasonable effort is made to ensure the information in this publication is current, Upstate does not warrant the accuracy or completeness of the data and information contained in this publication.
Suburb statistics
Market wrap
The Northern Beaches saw exponential growth in 2021 with property prices across the region increasing 30% on average. Although the market softened in 2022 with drops around 10% - 20%, we’ve moved towards ‘a balanced market’. Narrabeen experienced the lesser effect of this and held property value better than neighbouring comparative markets. Driving this stability is buyers from out of area continuing to show strong interest and current stock levels at a low.
Buyer enquiry is tipped to increase over the Christmas break as people have more leisure time to search for their next move making it an opportune time to launch your property. The Northern Beaches offers an exceptional choice for upsizers, downsizers, investors, and first-time buyers, resulting in continued demand for the region in any market.
For more information on the current market in your local area, contact the team of specialists today.
Lachlan Yeates 0414 660 033 • James Leith 0451 008 670
How Upstate performed in 2022
Commercial leased Prospective buyers on our database 162,000+ 112 Commercial sales 30 Residential leased Highest sale price Northern Beaches $26,000,000 591 Residential sales 366 Auction clearance rates Auction clearance rate Sydney Auction clearance rate Northern Beaches 74.4% 70.7% Auction clearance rate Upstate 75%
The latest at Upstate
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updates about the property, prospective buyers and monitor up-to-minute offers and open home information.
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Upstate property listings attract significantly more
enquiries than the market average.
The Northern Beaches biggest team and database in a single office.
Month 2022 Buyer enquiries Market average Buyer enquiries UPSTATE January 97 1,305 February 97 1,508 March 83 1,282 April 68 1,029 May 67 884 June 61 583 July 62 1,073 August 74 882 September 73 1,266 October 78 1,232
Dec Jan Feb Mar Apr May Jun Jul Au g Sep Oc t 3,000 2,250 1, 50 0 750 0 Upstate 2021 Upstate 2022 Market average
Lachlan Yeates Director in Charge 0414
660 033
lachlan@upstate.com.au
REPUTATION AND TRUST
Lachlan might be well rewarded but he certainly earnt it at our auction last night! 3 registered bidders left with flat hands and sore necks after continually declining to bid at a fair market price. Lachlan then worked the phone and registered another party split between Tasmania and Italy. 5 solid hours later the same night he closed a deal at the pre-auction interest level. Results like that only come via a reputation and trust level with both buyers and sellers built up over 25 years.
Vendor Review - North Narrabeen
james.l@upstate.com.au
HIGHLY RECOMMENDED
James was proactive and always provided updates and key information along the journey of our sale. He brings a positive, professional and consistent approach to managing a property sale. I would welcome the opportunity of partnering with him again in the future.
For an updated property appraisal, call us today or scan the code for a free digital valuation.
1,375 Total properties sold $10,000,000 Highest sale price
upstate.com.au
Vendor Review - Narrabeen 60% Repeat clients + referrals
James Leith Licensed Real Estate Agent 0451 008 670
