Mount Sheridan Property Report - Feb 2024

MOUNT SHERIDAN Property Report: February 2024 Brought to you by Matthew Filip

MOUNT SHERIDAN 6 Monthly Property Snapshot: August 2023 - January 2024

85

Highest Sale

Lowest Sale

Properties sold

$1.2m

$206k

79

3

3

Houses

Units

Land

Reflecting on the latter half of 2023 and beginning of 2024, Mount Sheridan’s real estate market has demonstrated remarkable resilience and appeal despite the challenges posed by numerous interest rate hikes throughout the year.

Close and the lowest of $206,000 for a block of land on Verbena Drive.

In the period from 1 August 2023 to 31 January 2024, Mount Sheridan witnessed 85 property sales. The highest price being achieved by Twomey Schriber Property Group of $1,220,000 for a home on Hanah

Whether you’re considering buying, selling, or simply seeking advice, I am here to assist you in navigating Mount Sheridan’s dynamic real estate landscape.

As we look forward to the upcoming months, I am dedicated to keeping you informed with the most current and comprehensive market insights.

MOUNT SHERIDAN’S NEW MARKET STATS

$549,000

13

Median sales value

Median sale days on market

10.7%

10.5 years

12 month change

Average length of ownership

50.8%

$550pw

5 year change

Median asking rent

Cairns property owners are in a great position to sell and capitalise on the low stock levels and high demand.

When it comes to selling a property, the state of the market can greatly impact the success of your sales result. There are multiple benefits to selling in a low stock market.

With low levels of properties for sale, the buyer pool is spread thin and gives your property a better chance of standing out.

Buyers who have been actively searching are highly motivated to transact when there are limited options available, increasing the buyer interest and potentially leading to multiple offers.

Matthew Filip Properties are likely to sell faster and higher in value Your Property Agent in a low stock market as buyers will act quickly as 0437 543 420 matthew@tspropertygroup.com.au soon as a desirable listing becomes available.

DOWNLOAD AN INSTANT REPORT FOR YOUR HOME Would you believe me if I said the median property value in Mount Sheridan has increased a whopping 50.8% in only 5 years?!

CLICK HERE and enter your address for an instant Digital Property Report that highlights your market value including recent sales, rental history, suburb report and more.

320 Sheridan Street, Cairns North QLD 4870 Email: matthew@tspropertygroup.com.au Mobile: 0437 543 420 Phone: (07) 4031 3138 Website: www.tspropertygroup.com.au Data taken from CoreLogic and other sources we assume to be reliable as at 6/2/24. We assume no responsibility or liability for any errors or omissions in the content. The information contained in this document has6 no guarantees of completeness, accuracy, usefulness or timeliness.

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