This property market update will provide insight into the local house market in The Ponds NSW 2769 for September 2021.
The number of houses sold (indication for the supply).
In The Ponds this September, 21 houses have been sold. This number is less than the September monthly average within the past three years, where 27 homes sold which indicates a lower house supply.
Eleven of the properties sold were 4-bedroom houses (52%), seven were at least 5-bedroom (33%) and three 3-bedroom house (15%).
Compared with 2021, 129 houses sold were 4-bedroom houses (57%), 79 houses sold were 5-bedroom houses (35%) and 19 were 3-bedroom houses (8%).
Property selling methods: auction vs private treaty.
Four of the houses were sold through auction (19%), while the rest were sold through private treaty / by negotiation (81%). The Ponds auction clearance rate for September was 100%.
For comparison, in 2021: 77% of properties were sold by private treaty, and 23% at auction. The auction clearance rate for Quakers Hill in 2021 is 75.36%.
➞ Related: When you are selling which selling method is better: auction vs private treaty.
Average days on the market (indication for the demand).
In September 2021, the average days on the market for all properties were 43 days, four days quicker to sell than the average days within 12 months, which indicates a higher buyer demand or competition.
A house with more bedrooms in The Ponds on average takes longer to sell. A three-bedroom takes the shortest time to on the market (average of 24 days), followed by and a four-bedroom house (37days) and a five-bedroom house (41 days).
These results are consistent with 2021, a three-bedroom house takes the shortest time on the market (average 30 days), followed by a four-bedroom house (average of 44 days) and a five-bedroom house (46 days).
Median sold prices.
The median price for all houses was $1,515,000 (50% increase from September 2020 median price of $1,010,000 and 14% increase from this year median of $1,325,000).
The highest price for a house was $1,930,000 (The highest this year was $2,131,000).
The median for a three-bedroom house sold for $1,275,000 (29% higher than 2021 median so far, $990,000) and the highest price was $1,375,000 (Highest price for 2021, was $1,500,000).
The median for a four-bedroom house was $1,515,000 (12% higher than 2021 median so far, $1,350,000) and the highest price was $1,320,000 (Highest price for 2021, was $2,005,000).
The median for a five-bedroom house was $1,577,500 (5% higher than 2021 median so far, $1,500,000) and the highest price was $1,420,000 (Highest price for 2021, was $2,131,000).
Conclusion.
In summary, the property market in The Ponds remains strong, supported by low supply of houses and high market demands. Based on days on the market, the demand for a three-bedroom house was the strongest, followed by a four-bedroom house and a five-bedroom house. This year 2021 September median selling price was higher than last year September price and 2021 median price. The median selling price across three to five-bedroom houses in The Ponds also outperforming their counterpart median price in 2021.
It's important to stay updated with your local property market, so if you want to know the value of your property in this current market, you can start with The Ponds house value assessment. You can also read the answers to the most asked question by home sellers about selling property in The Ponds.
Irving Gunawan | RayWhite Kellyville
📞 0468 956 677
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