Postcode: 2502, NSW - Sale Price Report
Posted on November 15, 2023 • 4 minutes • 809 words
Property analysis sections
Welcome
Welcome to the Property Panther 2502 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 2502 in NSW, encompassing the charming suburbs of Cringila, Lake Heights, Primbee, and Warrawong. This area offers a diverse range of housing stock, from cozy bungalows to modern developments, ensuring there’s something for everyone’s taste. Residents can enjoy a tranquil and laid-back lifestyle, surrounded by breathtaking lake views, close proximity to beautiful beaches, and convenient access to local shops and amenities.
Last Month Property Summary
In 2502, NSW, the market shifted towards sellers as the median days on market increased from 42 to 63, new sale listings decreased from 15 to 3, and the median sold price increased from $717,500 to $950,000 from the prior month to the current month.
Property Type Breakdown
In postcode 2502, NSW, Australia, the property stock offers a diverse range of options, with houses comprising 66% of sale listings, followed closely by vacant land and apartments at 9% each, providing ample opportunities for homeowners and investors alike to find their ideal property.
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 2502 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
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Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
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Property Price
Price - Overall
The average monthly change in the median sold price of properties in postcode 2502 during the period shown below was $6413. The trend shows an increase in the median sold price over time.
Price - By Property Type
Price - By Suburb
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