Market Insights December 2022 - Daniel Jeffries

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'Tis the season to be selling...

Suburb Snapshot August 2022 - November 2022

Currumbin Waters

A message from Daniel Jeffries RWTE property sale prices continue to reach beyond those of the 2020-2021 peak, despite reports of big vendor discounting in the wider market. While there has been a level of adjustment in the market over the past eight months, our team continues to leverage buyer demand against reduced stock levels to maximise results for our

Median Sale Price (house)

$1,137,500

Median Sale Price (unit)

$759,000

Average Days on Market

54

Highest Sale

$2,650,000

Currumbin

sellers. The auction clearance rate of property sold by RWTE is currently sitting at 85% for this financial year, in comparison to 75% for the 21/22 financial year. This is a significant uplift, with agent experience across all types of campaigns paying dividends for clients choosing to sell with our team. The method of sale has become more commonplace following the pandemic, with vendors and buyers becoming more comfortable and confident with the auction process. RWTE agents are conducting more auction campaigns now than they were as little as a year ago, with many properties achieving prices well above suburb median values and vendor expectations. We hope you find the following information of value and wish you a very merry holiday season!

Median Sale Price (house)

$1,122,500

Median Sale Price (unit)

$1,080,000

Average Days on Market

70

Highest Sale

$3,295,000

Elanora Median Sale Price (house)

$1,117,000

Median Sale Price (unit)

$505,000

Average Days on Market

44

Highest Sale

$1,775,000

Tugun

Daniel Jeffries Property Specialist / Ray White Tugun Elanora 0422 020 920 / daniel.jeffries@raywhite.com

PROUDLY PRESENTED BY DANIEL JEFFRIES

Awarded

PREMIER P E R F O R M E R

Median Sale Price (house)

$1,000,000

Median Sale Price (unit)

$745,000

Average Days on Market

49

Highest Sale

$3,200,000

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DECEMBER 2022 EDITION


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