$3,957,142 Avg House Price $1,224,384 Avg Unit Price 25 Years Experience Chris Davies Sales Agent Crows Nest Specialist Properties have been selling well in Crows Nest and surrounding suburbs, buoyed by the low stock levels we have seen across the year, which has managed to keep prices decreasing at a slower rate when compared to most suburbs across Sydney. Crows Nest is still an area in demand, families, professional couples and downsizers are the main buyer groups we are meeting, and these buyers are willing to pay for quality properties, all drawn to the great community, excellent shops, schools and of course the metro coming soon. Looking ahead, we are likely to see increased stock in the NewYear and we are already planning campaigns to start mid January, as the market is finishing later in December this year and is likely to begin earlier than usual in mid-January. We are seeing buyers be more selective, from the fear of missing out in 2021, it is now the fear of overpaying or over stretching their mortgage serviceability. In most selling campaigns, we are finding it is coming down to just one or two buyers, so buyer management is crucial, as is boosting your property value. If you are thinking of selling next year, there are ways you can add value to your property which will put yourself ahead of the competition. Adding a powder room or another bathroom, a study or even maximizing the space of outdoor areas are some ways you can do this. Being able to present and market your property in it’s best light will be more important than ever. 2023 is likely to be a competitive year, having overseen some record sales in Crows Nest, we are looking forward to what the year will bring and as our office establishes itself in the area, rest assured we will bring hard work, strong negotiation skills and experience to our clients. I hope you enjoy this report and if you do have any questions on your property, the property market in general, or anything Crows Nest for that matter, I look forward to catching up with you in the NewYear. As we finish the year with a couple of last-minute sales, looking back 2022 has certainly been busy for everyone and real estate is no exception, even as the property market is going through a transitional phase. Welcome to our annual end of year market report. A word from Chris. Chris Davies | 0401 429 898
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