Sydney City - Sydney - Sale Price Report
Posted on November 15, 2023 • 7 minutes • 1338 words
Property analysis sections
Welcome
Welcome to the Property Panther Sydney City 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 Sydney City, a vibrant and diverse area offering a range of housing options to meet diverse lifestyles. From modern apartments with breathtaking city views to charming terrace houses full of character, this area caters to every property buyer, promising a dynamic urban lifestyle in the heart of Sydney.
Last Month Property Summary
In the Sydney City region, there is a shift towards a more balanced market as the median days on market decrease from 45 to 39, the new sold listings decrease from 54 to 34, and the median sold price decreases from 1,055,000 to 908,000 between August and September 2023.
Property Type Breakdown
Sydney City’s property stock boasts a staggering 92% of apartment listings, with a diverse 3% each for houses and other properties, and an exciting 2% of new apartments and off the plan options, making it a vibrant and constantly evolving market.
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
This chart shows how many properties were sold in Sydney City during the month of September. Each bar in the chart represents a range of days that properties were up for sale before they were sold. Properties that were on the market for more than 200 days are not included.
The average monthly change in the Days on Market for properties in Sydney City during the period shown below was 0 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
This chart shows the distribution of property sale prices in Sydney City during the month of September. Each bar in the chart represents a range of prices for properties sold.
The average monthly change in the median sold price of properties in Sydney City during the period shown below was $-17087. The trend shows a decrease in the median sold price over time.
Price - By Property Type
Price - By Suburb
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