A sale a day in April for $99.87M
POWERHOUSE agency Ray White Double Bay just sold 30 properties for $99.87 million in April and the outlook is even brighter for the blue chip agency with increases in stock and prices.
Craig Pontey, director of Ray White Double Bay, was incredibly proud of his team to sell “the equivalent of a property a day in April, it’s quite an achievement”.
“Twenty of the 30 properties were sold at auction, with well over 400 attendees at the open or inspections. And May is looking even stronger for Ray White Double Bay’s home owners,” Mr Pontey said.
“I’m starting to see stock levels improving slightly and prices are sustaining. An exciting trend we’ve seen is that the bulk of these sales are in the $3 million to $7 million range, mid-market for the eastern suburbs.
“With interest rates remaining affordable, professionals, business owners, lawyers and accountants are continuing to upgrade their homes.
“Homeowners are seeing opportunities to upgrade to something better at a good price, and I believe this will continue till the end of the year.”
One of the April highlights was 1/2 Beach Street, Double Bay which sold by Ray White Double bay director Michael Finger for $13.3 million. Mr Finger had originally sold this three bedroom waterfront duplex 30 years prior for $1.25 million.
The home is set exclusively on Double Bay Beach and has an 18m harbour frontage and private jetty, with uninterrupted harbour views to the north and district views to the east and west.
At the value end of the pricing ladder, and one of the most unique properties the agency has ever sold was 27/6 Billyard Avenue, Elizabeth Bay which sold for $1 million through agent Charlie Mortimer.
With uninterrupted waterfront views, this unique roof cavity was refurbished into a one bedroom apartment, with the bedroom on one side, kitchen and living on the other and a shared balcony joining the two spaces.
Ray White Double Bay represents home owners across 10 eastern suburbs precincts, including Bondi Junction, Elizabeth Bay, Rose Bay, Paddington, Bellevue Hill, Double Bay, Vaucluse, Randwick, North Bondi and Darling Point.