In this video we take a look at what happening to the Elanora Property Market in the Month of July 2021.
The real estate market in Elanora remained strong in July, with a total of 8 registered sales in the month of July, with an average house sale price coming in at a whopping $1,250,000 – which is an incredible result for the area and clearly shows the increase in demand for Elanora. In addition to that, there were 25 properties for sale, plus an additional 11 sales which are pending at the end of July.
A trend that we’re currently seeing is that buyers who start their property search in the suburbs of Palm Beach or Tallebudgera, become more attracted to Elanora due to the relative high value for money, which in turn has increased demand for the area – in particular for 4 & 5-bedroom properties.
We’re also finding that there are a lot of home owners in Elanora that are considering upsizing or downsizing, but are worried about selling their property in this market and have to buy back-in – which is understandable.
For more information, please call Jason Hocking on 0468 769 568.