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Weekend Wrap: local market rush to beat Spring

Across Sydney over the weekend clearance rates reported in the Australian Financial Review were down 6.5% to 56.5%. At the same time, there was a noticeable increase in listings across all markets including our area as vendors raced to beat the...

Ian Pepper  profile image
by Ian Pepper
Weekend Wrap: local market rush to beat Spring
74A Walker Street, Helensburgh sold for $1,260,000 by Ian Pepper at Ray White

Across Sydney over the weekend clearance rates reported in the Australian Financial Review were down 6.5% to 56.5%.  At the same time, there was a noticeable increase in listings across all markets including our area as vendors raced to beat the Spring rush. Postcodes 2508 and 2515 now have 82 listings compared to 78 two weeks ago. Over the same period only eight properties were sold, indicating 12 more properties hit the market!

Despite the flood of listings, there are still sales occurring with 2508 having the lion's share of sales in the past fortnight. Some notable sales across the area:

23 Domville Road, Otford $1,850,000 by Mattias Samuelsson at Ray White

74A Walker Street, Helensburgh $1,260,000 by Ian Pepper at Ray White

4 Cassandra Place, Stanwell Park $1,450,000 by Ron Kissell at Ray White

33 Redman Ave, Thirroul $2,000,000 by Kane Downie at One Agency

And don’t forget the BIG test for the top end of the market with the auction of 31 Stanwell Ave, Stanwell Park at 12.30pm this Saturday, 3rd of September. Everyone is welcome to attend onsite with a coffee van and some light entertainment also in attendance.

Ian Pepper  profile image
by Ian Pepper

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