Urban Insider Willowdale
MARKET UPDATE WILLOWDALE
Buyer activity in Willowdale is on the rise with 11 homes selling for the month of July which is up considerably from the previous month which only saw 2 homes selling.
This is an encouraging sign that the market may be somewhat stabilising, with buyer confidence slowly returning as is evident by the number of transactions occurring for the month.
The demand for well-priced and well-presented homes continues, with the bulk of the buyer enquiry being received from buyers with budgets between $700,000 – $800,000.
Sydney clearance rates continue to hover around a modest 50% with the SW of Sydney reporting a clearance rate of around 40% for the month of July (source rpdata).
The one factor which has had a major impact on the market has been the Royal Commission into the banking sector which has seen a number of changes to the lending environment.
As a result of all these changes, the mortgage market has changed. The amount borrowers can borrow relative to their income has generally been reduced, resulting in an overall softening of prices being achieved and properties taking a little longer to sell.
Willowdale, however is still proving to be a popular destination for buyers looking in the SW of Sydney with the close proximity to amenities and transport being a big drawcard, along with the large amount of infrastructure being developed at Ed Square and the proposed new airport at Badgerys Creek.
“Willowdale’s local agent”
FEATURED PROPERTIES RECENTLY SOLD
|Recently Sold||Type||Bed Bath Car||Sold Date||Price|
|Lot 335 Indigo Cres Denham Court||Double storey||4 | 3 | 2||Aug-18||$749,950|
|14 Needlebush Ave, Denham Court||Single storey||4 | 2 | 2||Aug-18||$752,000|
|16 Lovegrass Ave Denham Court||Double storey||4 | 2.5 | 2||Jul-18||$840,000|
|8 Sundew St, Denham Court||Double storey||3 | 2.5 | 1||Jul-18||$648,375|
|14 Lovegrass Ave, Denham Court||Double storey||4 | 2.5 | 2||Jul-18||$835,000|
|13 Nightshade Cl, Denham Court||Single storey||4 | 2 | 2||Jun-18||$780,000|
|18 Lovegrass Ave, Denham Court||Single storey||4 | 2 | 2||Jun-18||$790,000|
|15 Nightshade Cl, Denham Court||Double storey||4 | 2.5 | 2||Jun-18||$840,000|
|58 Navigator St, Leppington||Single storey||4 | 2 | 2||May-18||$770,000|
|11 Nightshade Cl, Denham Court||Single storey||4 | 2 | 2||Apr-18||$800,000|
|1 Geebung Lane, Denham Court||Double storey||4 | 3.5 | 2||Mar-18||$760,000|
|7 Resolution Ave, Leppington||Double storey||4 | 2.5 | 2||Mar-18||$851,000|
If you are interested in selling, contact us for an obligation FREE market appraisal!
Visit our Willowdale sales office at Shop 1/5 Willowdale Drive, Denham Court (Willowdale Shopping Village) and speak to your local real estate experts & property managers!