Postcode: 2074, NSW - Sale Price Report
Posted on November 15, 2023 • 5 minutes • 904 words
Property analysis sections
Welcome
Welcome to the Property Panther 2074 postcode sale price report! We value your feedback. Please take a moment to complete our survey and help us improve our property analysis.
Who is this useful for?
Home Buyers:
Understand property affordability in your preferred suburb. Get a detailed breakdown of property types and prices, market dynamics including time on market and transaction volume.
Investors:
Use our report to determine the right time to invest. Gain a comprehensive view of property demand, transaction volume, and current market situation to guide your strategies.
Sellers:
Get insights on potential selling time based on market trends. Understand market pace from ‘Time On Market’ and ‘Transaction Volume’, and learn to price your property competitively from ‘Property Price’.
Location Overview
The postcode 2074 in NSW encompasses the vibrant suburbs of Warrawee, Turramurra, South Turramurra, and North Turramurra, offering a diverse range of housing options and a serene suburban lifestyle. With leafy streets, spacious properties, and a strong community spirit, this area is highly sought after by property buyers looking for a balance between tranquility and convenience.
Last Month Property Summary
In 2074 in NSW, the real estate market shifted towards a more favorable sellers market as the median days on market decreased from 52.5 to 48.5, new sold listings increased from 21 to 27, and median sold price significantly increased from $1,555,000 to $2,600,000.
Property Type Breakdown
In the vibrant postcode of 2074, house hunters are in for a treat with a variety of options, as houses make up 56% of the available listings, while apartments, units, and flats account for 38% and townhouses for 5%, leaving a delightful 2% for other unique property types.
Property Demand - Time On Market
Looking at the number of days it takes to sell a property is a good indicator of the amount of demand in a market because it shows how quickly properties are being purchased, reflecting interest and competition among buyers.
Time On Market - Overall
This chart shows how many properties were sold in postcode 2074 during the month of September. Each bar in the chart represents a range of days that properties were up for sale before they were sold. Properties that were on the market for more than 200 days are not included.
The average monthly change in the Days on Market for properties in postcode 2074 during the period shown below was 2 days.
This chart shows the trend of Days on Market over time. Each point on the line represents the average number of days a property was on the market before being sold in a particular month.
Time On Market - By Property Type
Time On Market - By Suburb
Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
Property Price
Price - Overall
This chart shows the distribution of property sale prices in postcode 2074 during the month of September. Each bar in the chart represents a range of prices for properties sold.
The average monthly change in the median sold price of properties in postcode 2074 during the period shown below was $-10457. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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