Welcome to the September 2021 Elanora property market update. In September, we witnessed another incredible month of property sales. A total of 22 properties were sold, which included 18 houses and 4 units.
The latest figures now show that the median house sale price for Elanora has risen by almost $150,000 over the last 6 months. This is an increase of over $24,000 p/month.
The continuing trend is a result of record low interest rates, record high levels of interstate migration and not enough properties for sale to meet buyer demand. As Christmas approaches, and the weather continues to heat up, we’re anticipating increased buyer demand, especially if stock levels remain low. This may present as the perfect opportunity for you to capitalise on the market.
Currently, on average a house is spending only just 26 days on the market and for an apartment, just 43 days.
For more information, please call Jason Hocking on 0468 769 568.
