Warriewood Market Update Keelan Scott YOUR LOCAL AGENT
Suburb sales 23
Upstate sales in Warriewood over the last 24 months
8 Mahogany Boulevard
42 Banksia Parade
2/5-7 Macpherson Street
8 Laurina Street
20a Lakeview Parade
226/79-91 Macpherson Street
42 Streamdale Grove
71 Chambers Circuit
23 Cherry Lane
3 Moriac Street
13 Laurina Street
32/79-91 Macpherson Street
To discuss these sales or for an appraisal of your property call Keelan Scott 0431 448 778
Suburb statistics How Warriewood performed over the last 12 months
$4,500,000
$2,330,000
$1,300,000
Highest sale price
House sale price average
Unit sale price average
21
97
95
House days on market average
Number of sales houses
Number of sales units
50
$1,325/week
$740/week
Unit days on market average
Rental price average houses
Rental price average units
49.7%
29.1%
Capital growth - houses
Capital growth - units
Source: Corelogic market trends, increase in median values
Source: Corelogic market trends, increase in median values
Source: yourinvestmentpropertymag.com.au Monthly data update for Mar 2021 as supplied by CoreLogic. Data is reported to the period ending Dec 2020. Please note that property sales data is routinely updated, so may change retrospectively.
Market wrap The Sydney property market continues to fire at all cylinders. Low interest rates, together with a short supply of properties on the market and high buyer demand have all come together to produce the phenomenal sales prices we’re seeing today across the Northern Beaches and in particular Warriewood. We’ve witnessed these strong results over the last couple of months and Covid lockdown restrictions do not seem to be slowing the market down. Throughout this lockdown period, we have still been able to facilitate the sale and lease of property in a Covid Safe way and we are still seeing multiple parties competing for properties in online auction environments and reserve prices being blown. Throughout July we sold 67 properties and leased 55 properties across the Northern Beaches, I expect the momentum in the market to continue throughout this lockdown period as buyers have to compete for the limited amount of homes that are coming to market. Once the current lockdown restrictions are lifted, we expect the market to bounce back to the high levels of activity seen through the first half of this year. If you are thinking of making a move but are worried to sell first with nothing to buy, I expect supply levels to increase after lockdown so it may be worthwhile to start getting yourself in a position to act once your perfect home hits the market. If you would like to discuss the sale of your home and the best way to move forward to achieve your goals, I would love the opportunity to speak with you.
Keelan Scott Licensed Real Estate Agent
0431 448 778 keelan.s@upstate.com.au
How Upstate performed January to June 2021
276
294
$10,000,000
Residential sales
Residential leased
Highest sale price Northern Beaches
35
63
90,000+
Commercial sales
Commercial leased
Prospective buyers on our database
Auction clearance rates January to June 2021
88%
85%
91%
Auction clearance rate Upstate
Auction clearance rate Sydney
Auction clearance rate Northern Beaches
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Meet Team Scott
Emily Bulic
Keelan Scott
Emma Thornton
Sales Assistant
Licensed Real Estate Agent
Sales & Marketing Support
0401 593 193
0431 448 778
9971 9000
Working closely alongside Keelan and contributing unique skills are: Emily Bulic - Inspired by the productive work environment that Upstate offers, Emily undoubtedly plays a big role in brightening up our workplace! She works hard to support the team to deliver excellent results for every client. Emma Thornton - Emma excels in understanding client needs. She takes the time to listen, engage and find the best solutions for every task.
Warriewood Capital Growth According to Corelogic Market Trends, Warriewood has seen an enormous 49.7% growth in Median Value for houses and 29.1% for units over the last year. If you have not had an update on the current value of your home recently, you may be pleasantly surprised as to how much your home is now worth. Feel free to contact Keelan and organise an appraisal. UNITS • Median Value • 08/20 - 06/21
HOUSES • Median Value • 08/20 - 06/21 2.4m
1.3m 2.2m 1.2m
2m
1.1m
1.8m 1.6m
1m 08/20
10/20
12/20
02/21
04/21
06/21
08/20
10/20
12/20
02/21
04/21
06/21
Keelan Scott Licensed Real Estate Agent
0431 448 778 keelan.s@upstate.com.au
Keelan is very dedicated and makes himself available seven days a week, providing an excellent client experience.
$276,900,000
25.6
213
Total value of sales
Average days on market
Properties sold
UPSTATE - GREAT TEAM! Had 3 agencies through for the sale of our property and I knew the moment I met Keelan that Upstate would be our choice. Keelan instilled confidence immediately with his confident, quiet and professional approach to the suggested strategy of the sale. A successful outcome was achieved in 2-1/2 weeks with Keelan keeping us fully informed throughout the whole process. Could not recommend Upstate and, particularly Keelan, highly enough!
CLEAR AND LOGICAL ADVICE Keelan was a pleasure to work with while selling my home of twenty years. His communication about the market and how the sale was progressing was timely and inciteful. When asked his opinion on best way to move forward he provided clear and logical advice, I felt very comfortable being guided by his experience in property sales. The outcome was more than I had hoped for....he did a brilliant job! Vendor – Moriac Street, Warriewood
Vendor – Lakeview Parade, Warriewood
Level 1, Suite 15, 888 Pittwater Road, Dee Why, NSW 2099