Elanora
8 W E E K S U B U R B S N A P S H O T
Suburb Snapshot
ELANORA
1st January - 29th February 2024
22
House sales achieved in January & February 2024
$3,000,000 Highest House Sale Price
$1,215,000 Median House Sale Price
$28,184,000 Total Worth of Property Sold
9
Unit sales achieved in January & February 2024
34
Suburb Average DOM
January&February2024
58%
$685,000
$825,000 $6,312,000 Total Worth of Property Sold
Highest Unit Sale Price
Median Unit Sale Price
23
RWTE Average DOM January&February2024
88%
*Statistics from Pricefinder and preliminary Auction data from Ray White
Suburb Auction Clearance January&February2024
RWTE Auction Clearance January&February2024
Recently Sold
ELANORA
1st January - 29th February 2024
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
2 Baumea Court Elanora 3b 2b 4c $1,215,000 Jan 24 30/232 Guineas Creek Road Elanora 3b 2b 1c $727,000 Jan 24 2/41J Murtha Drive Elanora 2b 1b 1c - Jan 24 3 Zinnea Street Elanora 3b 1b 2c $1,050,000 Jan 24 4 Tarpoot Place Elanora 4b 3b 4c $1,280,000 Jan 24 2 Murtha Drive Elanora 3b 1b 2c $1,250,000 Jan 24 42 Bergamont Street Elanora 4b 2b 2c $1,290,000 Jan 24 221 Nineteenth Avenue Elanora 3b 1b 1c $950,000 Jan 24 14/67-69 Doubleview Drive Elanora 3b 2b 2c $800,000 Jan 24 7/232 Guineas Creek Road Elanora 3b 2b 2c $760,000 Jan 24 121/11 Araucaria Way Elanora - $385,000 Jan 24 8 Burdock Street Elanora 3b 2b 2c $1,050,000 Feb 24 60 Forest Drive Elanora 4b 2b 2c $1,465,000 Feb 24 197 Simpsons Road Elanora 5b 3b 2c $1,900,000 Feb 24 2 Kalamunda Close Elanora 5b 3b 2c $1,181,000 Feb 24 40 Seabrook Street Elanora 3b 1b 3c $1,025,000 Feb 24 69 Guineas Creek Road Elanora 5b 3b 4c $460,000 Feb 24 155 K P Mcgrath Drive Elanora 4b 2b 2c - Feb 24 23 Westminster Boulevard Elanora 4b 3b 3c $1,950,000 Feb 24 188 Nineteenth Avenue Elanora 4b 3b 2c $3,000,000 Feb 24 14 Kalamunda Close Elanora 6b 3b 2c $1,300,000 Feb 24 17 Barlee Court Elanora 5b 3b 2c $1,835,000 Feb 24 10 Bryony Place Elanora 3b 2b 1c $960,000 Feb 24 17 Banksiadale Close Elanora 3b 2b 2c $1,225,000 Feb 24
Recently Sold
ELANORA
1st January - 29th February 2024
*AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea,byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors omissions inaccuracies ormisstatementsthatmayoccur ADDRESS SUBURB PARTICULARS PRICE DATE
26 Seaview Parade Elanora 4b 3b 3c $1,450,000 Feb 24 104/2-10 Coolgardie Street Elanora 3b 1b 1c $685,000 Feb 24 11/2-10 Coolgardie Street Elanora 2b 2b 1c $825,000 Feb 24 137/11 Araucaria Way Elanora 2b 1b 1c $333,000 Feb 24 94/31 Simpsons Road Elanora 2b 1b 2c $523,000 Feb 24 4 Typha Place Elanora 3b 2b 2c $950,000 Feb 24 17 Damson Place Elanora 3b 2b 2c $1,300,000 Jan 24
WHY SELL NOW?
REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEE
Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While surprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply
With supply levels expected to remain limited this year despite some stability in construction costs emerging, sentiment surrounding interest rates being at their peak are likely to lead to continued price growth
Listing volumes ended 2023 aligned with results in 2022; historically, December has subdued results given the holiday season January, historically, also has a slower start to the year, however preliminary data for 2024 is suggesting alignment with prior years While price growth usually results in greater properties coming to market, the mismatch between construction and population has led to sellers being cautious about bringing their home to market
Auction clearance rates did see some decline during the end of 2023, yet remained ahead of 2022 results Auction clearance rate results for January 2024 have shown encouraging results on the Southern Gold Coast, with Ray White Tugun Elanora achieving 100 per cent, ahead of the 2023 rate of 86 per cent Lack of stock, resulting in greater competition at auction despite elevated interest rates, will likely continue to be a feature this year
Bidder activity across the Ray White Group has shown significant improvements in 2024, with the number of active bidders up, with registered bidders also showing increase As listings remain tight, competition to secure homes will likely result in greater bidder activity this year
Welcome Home
ELANORA SALES
Recently Sold by The Dion Zorko Team
Acron
SOLD $1,700,000
Online Auction
87 Ironbark Street, Elan
SOLD $1,245,000
Online Auction
28 Jarrahdale Drive, Elanora
SOLD $1,200,000
Post Auction
9 Walnut Street, Elanora
SOLD $1,052,500
Online Auction
3 Street, ElanoraDion Zorko
Combining enthusiasm with a strong desire to succeed Dion has the drive, tenacity & diligence to consistently achieve exceptional results for his clients A highly motivated & results driven individual Dion's passion for property & determination to exceed expectations is complimented by his calm, personable nature
A natural negotiator & communicator he believes that the foundation for success begins with taking the time out to really listen to & understand his clients' needs. Dion undertakes a process-driven approach with detailed follow-up systems & an innovative marketing strategy this paired with the strength & training of Australia’s leading Real Estate brand gives him a unique competitive edge
S C A N / C L I C K T H E Q R C O D E F O R A N O B L I G A T I O N F R E E P R O P E R T Y A P P R A I S A L C U R I O U S T O K N O W H O W T H E S E R E C E N T R E S U L T S M A Y H A V E I N F L U E N C E D T H E P R I C E O F Y O U R P R O P E R T Y ?
THE GOLD COASTS LARGEST ONLINE AUCTION EVENT
Sell your property on a monumental scale with the backing of Australia’s #1 Real Estate Network No other marketing campaign has the potential to reach more buyers or build more profile on a national level.
ACHIEVE THE HIGHEST POSSIBLE PRICE ON THE VERY BEST TERMS
Ray White proudly conducted 333 auctions across Queensland in January alone with an average of 5.5 registered bidders per property. With 7 in every 10 Auctions selling in 3 weeks or less, with no finance, no building and pest clause, and no cooling off period Our consistent objective on every individual campaign is simple, to achieve the highest price on the very best terms for our sellers.
MAXIMUM EXPOSURE & UNPARALLELED SUCCESS
From first home buyers to downsizers, investors & expats, the Gold Coasts most skilled and experienced Auction offices will bring together the largest qualified buyer pool no matter where they are located Our ability to draw a crowd and create competition has benefited past sellers whose sale price achieved under the hammer was on average at least 12% higher than the best offer they received prior to Auction in January.
Interested in selling, buying or watching this event?
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S U N D A Y , 2 1 S T A P R I L 2 0 2 4
www.raywhitetugunelanora.com.au