Quarterly Market Report_4655

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A brief synopsis of the residential real estate sales market in Hervey Bay and it's surrounds.

Transcript of Quarterly Market Report_4655

  • REMEMBER:

    The idea of this report, is to ensure you have a handle on the market place and have all of the information you

    may require should you decide to get involved in real estate here in Hervey Bay.

    This report is for you so if you have any comment please let me know; if there is information you feel is

    missing or stuff you love to see I welcome your feedback.

    Each report will cover residential sales only; this includes houses, land, units and townhouses. You may note that in each suburb there are sales excluded we are advised by RP Data that these are sales that are classified as not normal sales i.e. to a family member, sales where the prices have yet to be declared by the sales person or ratified by the Department of Natural Mines and Resources.

    DISCLAIMER The statistics in this report are collated from RP Data and realestate.com.au and are provided in good faith by Harcourts Hervey Bay. We cannot purport to their accuracy and will not be held in any way responsible for their accuracy or

    otherwise.

    A Message from Damian

    Welcome to the Quarterly Market Report for the 4655 postcode.

    Quarter 3 followed in the footsteps of the previous quarter and

    showed no real marked improvement or worsening as you will

    see, some suburbs saw a large upturn in activity and others saw

    sales volume dipping levelling out over the entire postcode.

    What is interesting is the consistency of sales volume over the

    last two quarters, starting to show that there was a brief mini

    boom here in Hervey Bay in the last 2 quarters of 2013 and first

    quarter of 2014 where sales volumes really peaked.

    The number of properties coming to the market has certainly

    seen a large upswing but again, that is a more traditional cycle as

    we head in to Spring selling season and sellers position to take

    advantage of this market.

  • Urangan

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 25 $215,000 $505,000 $310,000 $329,580 $8,239,500

    LAND 1 $150,000 $150,000 $150,000 $150,000 $150,000

    UNIT 17 $110,000 $412,500 $260,000 $262,700 $4,465,900

    TOTAL 43 $12,855,400

    Torquay

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 14 $235,000 $390,000 $310,000 $314,378 $4,401,300

    LAND 1 $155,000 $155,000 $155,000 $155,000 $155,000

    UNIT 8 $140,000 $328,000 $204,500 $219,625 $1,757,000

    TOTAL 23 $6,313,300

    Scarness

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 10 $233,000 $350,000 $287,500 $285,650 $2,856,500

    UNIT 3 $157,000 $435,000 $240,000 $277,333 $832,000

    TOTAL 13 $3,688,500

    Urraween

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 19 $190,000 $555,000 $336,500 $358,973 $6,820,500

    LAND 2 $139,500 $170,000 $154,750 $154,750 $309,500

    TOTAL 21 $7,130,000

    Kawungan

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 14 $265,000 $520,000 $330,000 $347,000 $4,858,000

    TOTAL 14 $4,858,000

  • Dundowran Beach

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 8 $375,000 $580,000 $515,000 $494,375 $3,955,000

    LAND 3 $175,000 $325,000 $250,000 $250,000 $750,000

    TOTAL 11 $4,705,000

    Dundowran

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 3 $297,500 $440,000 $352,500 $363,333 $1,090,000

    LAND 1 $100,000 $100,000 $100,000 $100,000 $100,000

    TOTAL 4 $1,190,000

    Booral

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 6 $300,000 $962,500 $395,000 $470,416 $2,822,500

    LAND 2 $115,000 $115,000 $115,000 $115,000 $230,000

    TOTAL 8 $3,052,500

    Toogoom

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 9 $275,000 $610,000 $320,500 $369,055 $3,321,500

    LAND 8 $92,500 $310,000 $131,250 $164,476 $1,315,808

    UNIT 1 $260,000 $260,000 $260,000 $260,000 $260,000

    TOTAL 18 $4,897,308

    Wondunna

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 5 $178,000 $660,000 $485,000 $433,600 $2,168,000

    LAND 11 $146,000 $190,000 $161,000 $159,409 $1,753,500

    TOTAL 16 $3,921,500

  • River Heads

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 7 $220,000 $450,000 $280,000 $312,857 $2,190,000

    LAND 7 $65,000 $175,000 $95,000 $104,785 $733,500

    TOTAL 14 $2,923,500

    Craignish

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 6 $115,000 $505,000 $356,250 $347,916 $2,087,500

    LAND 4 $115,000 $200,000 $171,000 $164,250 $657,000

    TOTAL 10 $2,744,500

    Pialba

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 8 $260,000 $415,000 $302,500 $309,500 $2,476,000

    LAND 5 $155,000 $267,000 $187,000 $203,800 $1,019,000

    UNIT 6 $175,000 $350,000 $210,250 $237,583 $1,425,500

    TOTAL 19 $4,920,500

    Point Vernon

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 18 $120,000 $402,000 $286,250 $272,300 $4,901,400

    TOTAL 18 $4,901,400

    Eli Waters

    Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

    HOUSE 13 $265,000 $445,000 $322,500 $330,634 $4,298,250

    TOTAL 13 $4,298,250

  • Damian Raxach

    0403 880 327

    www.damianraxach.harcourts.com.au