Hay Hay
Stephen
21 $1,825,000 Highest House Sale Price House sales achieved in the last 8 weeks $1,212,500 Median House Sale Price 7 $755,000 Highest Townhouse/Duplex Sale Price Townhouse/Duplex sales achieved in the last 8 weeks $535,000 Median Townhouse/Duplex Sale Price 52 Suburb Average DOM 27 RWTE Average DOM 62% Suburb Auction Clearance 100% RWTE Auction Clearance *StatisticsfromPricefinderandpreliminaryAuctiondatafromRayWhite MARKET INSIGHTS Elanora 1st June - 31st July 2023 June&July2023 June&July2023 June&July2023 June&July2023
RECENT SALES Elanora
1st June - 31st July 2023
ADDRESS SUBURB PARTICULARS PRICE DATE 23 Tussock Crescent 22/43 Doubleview Drive Elanora Elanora 4b 2b 2c $1,212,500 $760,000 July 23 10 Heeterra Court 21 Laurina Court Elanora Elanora $1,475,000 $755,000 July 23 July 23 3b 1b 1c 4b 2b 3c 4b 2b 2c 13 Jandakot Court 36 Nollamara Drive Elanora Elanora 4b 4b 3c $1,610,000 $1,250,000 July 23 July 23 53 Tussock Crescent 67 Simpsons Road Elanora Elanora $1,150,000 $1,510,000 July 23 July 23 4b 2b 2c 3b 2b 2c 4b 2b 6c 12 Maranta Street 6/43 Doubleview Drive Elanora Elanora 3b 1b 2c $840,000 $775,000 July 23 July 23 26 Zinnea Street 30 Cornwall Drive Elanora Elanora $850,000 $1,300,000 July 23 July 23 3b 2b 2c 4b 1b 1c 5b 3b 3c 14 Sequoia Close Elanora 3b 2b 4c $1,710,000 July 23 July 23 *AllinformationsourcedisfromPricefinder&thisreportprovidesanoverviewofallsalesthathavetakenplaceinthearea byallagentsnotonlythoseofRayWhiteTugun/Elanorabutotheragenciesaswell Inpreparingthisdocumentwehave usedourbestendeavourstoensuretheinformationcontainedhereinistrueandaccurate,butweacceptnoresponsibilityanddisclaimallliabilityinrespecttoanyerrors,omissions,inaccuracies,ormisstatementsthatmayoccur 11 Balsa Street 141 K P McGrath Drive 3b 2b 3c $1,200,000 $1,375,000 July 23 7/2-10 Coolgardie Street 66/2-10 Coolgardie Street $720,000 $830,000 June 23 June 23 4b 2b 2c 3b 2b 1c 3b 1b 2c 4 Hydrilla Court 2/17 Rees Court 4b 2b 0c $992,500 $930,000 June 23 June 23 27/11 Araucaria Way $550,000 June 23 4b 2b 4cJune 23 103/2-10 Coolgardie Street $650,000 July 23 3b 2b 1c Elanora Elanora Elanora Elanora Elanora Elanora Elanora Elanora 88 Murtha Drive $1,250,000 June 23 4b 3b 2c 20 Goldvilla Drive 94 Doubleview Drive 3b 2b 2c $855,000 $1,825,000 June 23 June 23 6b 3b 2c Elanora Elanora Elanora 22 Tipuana Drive 40 Silverglade Drive $1,399,000 June 23 June 23 4b 3b 2c 4b 2b 2c $1,100,000 Elanora Elanora 13 Dianelle Court 2 Tussock Crescent $1,165,000 June 23 June 23 4b 2b 2c 4b 2b 2c $1,125,000 Elanora Elanora
WHY SELL NOW?
REAL-TIME DATA FROM RAY WHITE'S CHIEF ECONOMIST, NERIDA CONISBEE
LISTING ACTIVITY
Prices are now firmly on the move everywhere in Australia, having increased by 3 5 per cent since the start of the year While there are a lot of things driving prices upwards, a lack of new listings is one of them Despite heat returning to the market, new listings are down compared to last year everywhere except Adelaide Adelaide’s median is now exceeding last year ’ s peak and it’s likely a factor driving sellers back into the market New listings are down but it looks like we ’ re in for a much better spring Listing authorities (properties for sale but not yet advertised) are now at a similar level to 2022 Although this is Ray White listing authorities only, it still represents over 12 per cent of all listings in Australia It’s also likely other agencies are experiencing a similar trend The number of new listings continues to be low but the total number of properties for sale remains historically high Longer time on market means that the number of properties for sale is exceeding the number of properties sold It’s likely that this will start to reverse over the next six months
AUCTION INSIGHTS
Buyer activity continues to increase and we ’ re seeing this most clearly through Ray White auction data The number of people bidding at auction is now back to where we were in April 2022 The number of active bidders remained stable in June & increased in July, perhaps due to the interest rate hold announced at the start of that month
MARKET TURNOVER
Ray White’s total sales in June were on par with what we recorded in June last year Recording $6 4 billion, it was less than May, reflective of slower conditions in winter It’s possible that by spring, total sales will exceed the same period in 2022 This will be partly driven by price growth but also the anticipated increase in listings
ELITE AGENT, ELITE EXPERIENCE Stephen Hay
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
Loving where you live makes Real Estate an enjoyable journey
WELCOME HOME Recently Sold by
Ray White Tugun Elanora
175 Nineteenth Avenue, Elanora
SOLD $1,415,000
Post Auction
41 Forest Drive, Elanora SOLD $1,317,000
Under the Hammer
5 Buckingham Way, Elanora
SOLD $1,850,000
Post Auction
8 Barlee Court, Elanora
SOLD $1,300,000
Prior to Auction
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 ? C L I C K H E R 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 Stephen Hay Ray White Tugun Elanora 0409 599 899 07 5598 2577 stephen.hay@raywhite.com www.raywhitetugunelanora.com.au
