Sold – 12 Karuah Rd, Turramurra.
If you have been thinking about finding a new home in time for a socially distanced Christmas celebration, you might want to get serious.
Because there are now just 92 days until Christmas Day.
“There is no time to waste,” said Tim Fraser, of Di Jones North Shore – Wahroonga.
“If people want to be in for Christmas they need to be looking now. And if they find something they like, snap it up.”
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Although numbers have improved since the start of spring, the upper north shore is still feeling the pinch of a stock shortage.
More buyers are expected to join the hunt in the weeks ahead, looking to position themselves close to upper north shore private schools well in time for the start of the 2021 school term.
“It happens around this time every year,” Mr Fraser said.
“It means that the good properties in the prime positions go very quickly.”
12 Karuah Rd, Turramurra.
Love it!
A good example of this was Mr Fraser’s fast sale of 12 Karuah Rd, Turramurra.
The luxury tennis court estate was supposed to go to auction this weekend, but lasted only 14 days on the market before a buyer made the long-term owners an offer they couldn’t refuse.
Mr Fraser said he could not comment on the sale price, however it is believed to have sold for around the $6 million guide.
He did confirm it was the top price paid in Turramurra for 2020.
Whether it is a street and suburb record won’t be known until settlement, and it’s anyone’s bet. The street record was set in 2019 with the sale of 4 Karuah Rd for $5.7 million, according to CoreLogic.
The suburb’s residential sale record sits at $6 million, set in 2016 with the sale of 41 Ku-ring-gai Ave.
The result is sure to bolster Turramurra’s already strong performance in the patchy Sydney market.
A lot has changed in Turramurra in that time. Ten years ago the median house price was $1.035 million. That has more than doubled to $2.105 million in 2020.
According to realestate.com.au’s latest Market Trends report, the suburb’s median house price has grown by 14.4 per cent in the past 12 months.
COOKING UP A STORM
Newly minted and rebranded McGrath St Ives agent Daniel Cook has wasted no time in making his presence known under his new banner.
In his first week he made three sales, two of them in the same street.
No. 25 Athena Ave, a five-bedroom house on 980sqm sold for more than its $2.35 million guide, while up the road, No. 38 Athena Ave, sold for more than it’s guide of $1.9 million.
“Both of them sold above their guides prior to auction,” Mr Cook said. “Buyers are still complaining about the lack of stock and they are moving quickly when they can find something.”
25 Athena Ave, St Ives.
38 Athena Ave, St Ives.
Mr Cook completed the trifecta with the sale of 1 Ross Place, North Wahroonga, for an undisclosed price. All three sales were negotiated by Mr Cook and his colleague Michael Crawshaw.
The newly branded agency continues the partnership between Mr Cook and his father Mark Cook.
Between them they have decades of local real estate experience – spanning 30 years for Mark, and 17 years for Daniel.
Their early success will no doubt be music to the ears of McGrath founder and executive director John McGrath.
“We have long regarded Sydney’s northside as aspirational with a wide appeal to families wanting to experience a lifestyle in areas that offer great recreational facilities, yet be close to schools and other important infrastructure,” Mr McGrath said.
“The St Ives region we believe has great appeal with its distinctive village vibe, deep sense of community in a beautiful leafy setting, and importantly has the opportunity for capital growth over the next few years.”
RESERVE TUMBLES
The upper north shore notched up another strong auction clearance result last weekend of 84 per cent, with agents reporting big numbers and strong prices.
Carole McCrea, of McConnell Bourne, sold a four-bedroom family home at 35 Kippara St, West Pymble under the hammer for $390,000 above reserve.
35 Kiparra St, West Pymble.
The two-storey home was given a reserve of $2.05 million, eight bidders registered for a chance to buy.
After an intense bout of bidding, the property sold for $2.44 million.
Ms McCrea said there had been strong interest in the property, with 160 groups inspected the property in the lead-up to the auction,
“The eventual selling price was an added bonus to a very efficient campaign,” she said.
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The post Buyers urged to get a move in if they want to be in a new home for Christmas appeared first on realestate.com.au.