Elanora
8 W E E K S U B U R B S N A P S H O T PRESENTED BY STEPHEN HAY P R O U D L Y R A Y W H I T E
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%
Suburb Auction Clearance
January&February2024
$825,000 Highest Unit Sale Price
$685,000 Median Unit Sale Price
$6,312,000 Total Worth of Property Sold
23
RWTE Average DOM
January&February2024
88%
RWTE Auction Clearance
January&February2024
*Statistics from Pricefinder and preliminary Auction data from Ray White
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 Ray White Tugun Elanora
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, ElanoraStephen Hay
0409 599 899
stephen.hay@raywhite.com
stephenhayrw
With a professional & infectious enthusiasm to always exceed all expectation Stephen's attention to detail & exceptional level of commitment to his clients is unquestionable He is a highly skilled communicator with an extensive background working in 5 star resorts which has given him a strong foundation for consistently delivering first class service
Stephen is an experienced & progressive Agent who understands that the key to success starts with really listening to his client's needs and working with them to achieve the best possible result. His strong desire to succeed is complimented by his refreshingly positive & friendly approach, enabling him to continually uphold the high standards expected by both vendors & buyers.
Having called the Southern Gold Coast home for the past 20 years Stephen's wealth of local knowledge is hard to beat Being actively involved in the community with his family of 4 children entrenched in local schools, sporting & surf clubs has given him an even greater insight into what makes the Southern Gold Coast so special
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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www.raywhitetugunelanora.com.au