Postcode: 2119, NSW - Sale Price Report
Posted on November 15, 2023 • 4 minutes • 764 words
Property analysis sections
Welcome
Welcome to the Property Panther 2119 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
Welcome to the vibrant postcode 2119 in NSW, where the picturesque suburbs of Cheltenham and Beecroft beckon property buyers. Known for its attractive housing stock and peaceful lifestyle, this area offers a desirable haven for those seeking a well-established community with excellent amenities and a strong sense of community.
Last Month Property Summary
In July 2023, the median days on market was 90 and the median sold price was $2,500,000, indicating a seller’s market in NSW. However, in August 2023, the median days on market decreased to 69 and the median sold price decreased to $2,120,000, suggesting a more balanced market between buyers and sellers in NSW.
Property Type Breakdown
In postcode 2119, NSW, Australia, the property stock is predominantly comprised of houses, making up 82% of listings, with vacant land and apartments/units/flats each accounting for 8% and townhouses for 3%.
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
The average monthly change in the Days on Market for properties in postcode 2119 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
The average monthly change in the median sold price of properties in postcode 2119 during the period shown below was $-14130. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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