Highlights from this quarter: • Top properties continue to achieve outstanding success. A recent example is 4 The Broadway Wahroonga which sold in just 6 days. In this short time, the property attracted 37 inspections, 12 contracts, 2 open homes and an exceptional $3.1 million sale price. • The success of our auction program remains strong with good buyer numbers providing competition and the auction clearance rate is up. • The demand for luxury new build homes is high, with these properties garnering outstanding sales prices. Good sites for rebuilds are also highly sought after. • Ray White Upper North Shore recently won the prestigious Ray White No.1 International Business award, a testament to the hard work of our team and the commitment of our community. Spring with its warm weather, flowers blooming and abundance of sunshine has always been the traditional ‘sell’ time in real estate. People are emerging from their caves after a cold winter and are looking for new beginnings or a ‘spring clean’. After years of supercharged growth, the market has gone through a change with sellers and buyers having to navigate a new middle ground. As we move into these prime selling months, the market appears to have stabilised with days on market are decreasing, good numbers of buyer activity at opens and auctions and excellent results being obtained. Although interest rates are continuing their upward momentum, there are some signs that the pace of inflation may be declining. Fuel prices have come back, supply chains are being re-established post lockdowns and slowing growth in the Chinese market are all having an impact. There are signs that interest rates may peak earlier than expected. Although momentum has slowed in the market, there is no doubt that confidence in exclusive Upper North Shore property is solid. With Ray White Upper North Shores’ continued track record of success, it’s an excellent time to take advantage of the spring selling season and make your next move. My team of highly experienced professionals are proven market leaders with a thorough understanding of the local area and market fluctuations. If you are considering a move prior to Christmas, call me today on 0414 184 911. David Walker 0414 184 911 david.walker@raywhite.com WHAT’S HAPPENING IN OUR MARKET?
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