Wentworth Falls | Stories Behind the Sales
The first six months of 2021 has been an exciting time in real estate. We saw property sell for record prices in Wentworth Falls and surrounding suburbs. Here are the stories behind our sales in Wentworth Falls this year.
Sold – $2,375,000
There’s no hiding that this spectacular property was on the market for some time. It’s the perfect example of a vendor wanting a particular price and an agent sticking to that vendor’s expectations. Originally 93 Valley Road belonged to 88 Backhouse Lane and after a subdivision, the market picked up in January and the owners accepted an offer of $2,375,000. It is the fourth-highest residential sale price in Wentworth Falls according to realestate.com.au
Sold – $1,000,000
In late 2020, the vendors of the property had price expectations of $900,000. After working with me for many years they decided it was time to sell. We advertised the property with a price guide of $900,000 to $990,000 and the vendors were inundated with inspections and offers. They accepted a $1,000,000 offer after two open homes.
Sold – $911,000
This particular property was a perfect example of a hot market! A price guide of $790,000 to $830,000 was advertised and we were confident of a price towards the top of that price guide. After seven days on the market and over 75 inspections, the owners accepted a $911,000 offer. Our digital reach exceeded 20,000 people and our clients celebrated late into the evening!
Sold – $1,325,000
93 Valley Road was a faultless Hotondo Homes build. It was finished in late 2020 and the vendors were hopeful of exceeding the $1,000,000 mark when they were handed the keys from the builder. The market shifted and we indicated to the owners that now is the time to sell and to list with a single price of $1,325,000. In the first week, we had over 50 people inspect the property and many offers just under the listed price. The market was strong and after a second open home and a private inspection, the owners accepted an offer of $1,325,000.
Sold – $1,300,000
This was the first sign of a moving market. Our client purchased 25 Abbey Street, Leura and put her lovely golf course location on the market. As agents, we saw the market was shifting and removed price at the first open home. We received feedback between $1,200,000 and $1,300,000. This was well over the vendor’s expectations and ours as well. Seven days after launching to market the property was snapped up for $1,300,000.
Sold – $600,000
This property was another example of the market moving in early 2021. After close to three months on the market, this property found a buyer who saw its potential. We believe this lucky buyer is already in a good position after the 10-15% increase Wentworth Falls has seen since this January.
We’re excited to see what the remaining six months of 2021 will be like. The quality of property will continue to see record prices and sellers can expect to see strong interest from Sydney. The question is, will there be an influx of properties come to the market in Spring? And if so will this give buyers more options? If there are more properties to choose from you can expect the playing field to even out between buyers and sellers. Sellers will have more property to compete with and buyers will have the impression that there will be more property to choose from next week.
If you’re wondering what your property is worth after the market shift in 2021, please click the link below to have our agency give you a realistic opinion with no strong attachment.