MARKET INSIDER Q1
2024
Nathan’s 2024 Q1 Wrap-up
2024 is off to an absolute flyer and as we enter the second quarter it’s time to reflect on the market performance so far. One word to describe these last 3 months is ….
‘Random’; But why?
Interestingly enough, we can see suburbs side by side offering a similar product, performing at different levels. A great example of this is in Pimpam and Ormeau, Pimpama we are seeing low levels of stock and immense buyer competition with buyer competition similar to that of the Covid ‘boom’ marketplace, whereas in Ormeau we are seeing an increase in stock with moderate levels of buyer competition.
One market we have noticed a considerable change in is the Acreage marketplace. Since the Christmas storm, we have seen a dramatic drop in buyer interest with aged stock increasing and days on market blowing out. Could this be the best buying opportunity right now?
Overall however, the Gold Coast market is performing at a high level with relatively low stock and no signs of that changing in the near future. If you’ve been considering selling, now could be a great time to start conversing with our team on a plan to maximise your result.
feature property.
IN TAMBORINE
10-12 Riemore Circuit
4 BED | 2 BATH | 6 CAR | 4049m 2 PRICE GUIDE $1.35-1.45M
QUARTER ONE market stats
MEDIAN
$920,000 $1,064,000 $865,000
$720,000 $1,000,000 $969,000 $821,000
CURRENT
GROWTH +5.90%
PRICE SUBURB PIMPAMA JACOBS WELL MAUDSLAND UPPER COOMERA 2023 JAN-MAR $667,500
+20.50% -7.20% -5.50%
4.15
13
$14,439,500 $1,110,730.77 average settlement price value of settlements settlements new contracts signed average days on market our quarter
14
53 STIRLING CIRCUIT sold | $1.36M 7 DARCEY STREET sold | $741k 45 GREAT SANDY CCT sold | $1.11M 12 POOL STREET sold | $1.525M 181 RIEMORE CIRCUIT settled | $1.61M 14 POOL STREET settled | $1.8M 6 BRETT STREET settled | $700k 8/32 FORMOSA STREET settled | $686k Q1 action. instant appraisal
32 COPELAND STREET settled | $800k 114 MELVILLE DRIVE settled | $1.3M 64 NICKLAUS COURT settled | $1.63M 12 STONEY CREEK CCT settled | $1.08M 24 HILLSBOROUGH PLACE settled | $575k 26/32 FORMOSA STREET settled | $700k 128 MELVILLE DRIVE settled | $1.317M 12 CARDRONA CRESCENT settled | $920k 4 WINDSOR COURT settled | $1.326M
FOR PRESENTING YOUR HOME TO THE MARKET get your house market ready. FOR PRESENTING YOUR HOME TO THE MARKET
our helpful 101 Tips for Presenting your Home to the Market to gain valuable insight into preparing your home.
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EXPERIENCE THE difference
Outstanding professionalism by all the team, clear communication, efficient results.
Nathan and his team are great! They worked with me to make a plan to make sure the selling process was as comfortable as possible. Nathan’s market knowledge for our local area was exceptional, always on the pulse.
He always made himself available for us anytime! We had an amazing fast result. Thanks team!
45 Great Sandy Circuit Sellers
After making the decision to sell our home, it was then time to select the best agent to handle the sale. Nathan was by far the best choice for us. He really does have a great understanding of the real estate market and he loves what he does. We were always kept up to date with information and this made us feel comfortable through the whole selling process. Couldn’t rate Nathan and his team high enough while selling our home and getting us a good price.
12 Cardrona Crescent Sellers
Outstanding communication and excellent service.
Nathan’s initial presentation was impressive and he did everything he said he would do. Excellent communication and efficient service was provided by Nathan himself as well as his team.
128 Melville Drive Sellers
Great communication and dedication.
Nathan was really invested in helping us find our next property to call home. Nathan ensured that the sale of our home through a different agent was smooth sailing and would align with purchasing this new home from him. His commitment and transparent communication with all parties involved, I believe, is what sealed the deal in our transaction.
53 Stirling Circuit Buyers
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