Postcode: 2488, NSW - Sale Price Report
Posted on November 15, 2023 • 4 minutes • 817 words
Property analysis sections
Welcome
Welcome to the Property Panther 2488 postcode sale price report! We value your feedback. Please take a moment to complete our survey and help us improve our property analysis.
Who is this useful for?
Home Buyers:
Understand property affordability in your preferred suburb. Get a detailed breakdown of property types and prices, market dynamics including time on market and transaction volume.
Investors:
Use our report to determine the right time to invest. Gain a comprehensive view of property demand, transaction volume, and current market situation to guide your strategies.
Sellers:
Get insights on potential selling time based on market trends. Understand market pace from ‘Time On Market’ and ‘Transaction Volume’, and learn to price your property competitively from ‘Property Price’.
Location Overview
Welcome to the postcode 2488 in NSW, where you will discover the charming suburbs of Tanglewood, Bogangar, and Cabarita Beach. Nestled along the stunning coastline, expect a diverse housing stock ranging from cozy beachfront cottages to contemporary family homes, offering a relaxed coastal lifestyle with beautiful beaches, a vibrant local community, and a range of amenities to enjoy.
Last Month Property Summary
Based on the given data, the 2488 area in NSW has transitioned from a balanced market in July with median days on the market, new sold listings, and median sold price, to a buyer’s market in August with a significant increase in median days on the market, decrease in new sale listings, and decrease in median sold price.
Property Type Breakdown
In postcode 2488 of NSW, Australia, you’ll find a diverse property stock with houses topping the list at 47%, followed by apartments, vacant land, semi-detached properties, and new apartments/off the plan options, offering a range of choices for potential buyers.
Property Demand - Time On Market
Looking at the number of days it takes to sell a property is a good indicator of the amount of demand in a market because it shows how quickly properties are being purchased, reflecting interest and competition among buyers.
Time On Market - Overall
The average monthly change in the Days on Market for properties in postcode 2488 during the period shown below was 6 days.
This chart shows the trend of Days on Market over time. Each point on the line represents the average number of days a property was on the market before being sold in a particular month.
Time On Market - By Property Type
Time On Market - By Suburb
Property Transaction Volume
Transaction Volume - Overall
Transaction Volume - By Property Type
Transaction Volume - By Suburb
Property Price
Price - Overall
The average monthly change in the median sold price of properties in postcode 2488 during the period shown below was $-18826. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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