Market Statistics

Current Trading and Outlook

Sales volumes across the Eastern Bays were down 13.4% on November but up 38.8% on December last year. The trend on last year was pretty consistent across the nation, although the increase in the Eastern Suburbs was one of the strongest and reflects the strong demand throughout the area. There was a substantial increase in listings in November and this flowed through to the December sales result
The median price at $818K is up $6K on November and up 2.1% on December 2010.
The median price can be affected by the distribution of sales (see chart below).
The number of sales over $1m (50) was down on November (60), and well up on December 2010 (34)
36.7% of sales in December were over $1m compared to 39.0% in November.
As indicated, listing activity increased significantly in November and early December and much of this stock sold during the month.
We expect listing activity to increase significantly toward the end of January as the holiday period finishes and schools start for the year.
The Eastern Suburbs are a great place to live and will continue to attract astute buyers looking for the many lifestyle benefits of the area.

Average_Price_and_Dwelling_Sales_Movement_Since_1992
Average Price and Dwelling Sales Movement Since 1992

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