Aimee Thatcher bought her new Ethelton home within a week of it hitting the market. Picture: Tom Huntley
Buyers are snapping up homes in Ethelton at a faster rate than any other Adelaide suburb, new figures reveal.
Realestate.com.au data shows the median days on market for houses in the western suburb was 15.
Glenalta and Cowandilla followed closely behind, spending an average of just 17 days on the market, while North Brighton and Glenside rounded out the top five.
On the flip side, houses in Gawler South were spending the most time on the market, with a median stay of 147 days, then Payneham, 128.
Harcourts Smith principal Kate Smith said there was always strong demand for houses in Ethelton, mostly because of the types of homes on offer and its location.
Some properties across Adelaide are still selling quickly despite COVID-19.
“Ethelton is a pretty sweet little suburb nestled between Port Adelaide and Semaphore,” she said.
“It’s got a combination of large character homes and cute little cottages, and it’s a fairly tightly held location.”
Combined with its affordability, Ms Smith said houses in the area often didn’t last long on the market, even in the COVID-19 era.
Harris Real Estate agent Georgie Todd recently sold a 1920s cottage at Ethelton a week after it hit the market.
“I think it’s the price point, the proximity to the beach and there’s lots of cute little character homes,” she said.
“It’s about pricing them, presenting them and marketing them well.”
Aimee Thatcher bought the character home, which she said had everything she was looking for and was in an area she loved.
“I’d been searching for quite a while, about four to five months,” she said.
“I had found a few but they didn’t really tickle my fancy.
“The moment I stepped into this house, something was telling me, ‘this house must be yours’.”
Ouwens Casserly Real Estate agent Brenton Craggs said houses also sold quickly in Glenalta because it was rare for them to hit the market.
“It’s very tightly held,” he said.
“The people that live there are older generations that have been there a long time.
“It’s got a lot of mid-century architecture homes, which are really popular with the 25 to 45-year-old generations.”
He said the COVID-19 pandemic was doing little to deter people from buying in the area.
“I had one that I put on the market right in the middle of COVID-19 and I had 60 inquiries on it, three inspections and six offers,” he said.
“It sold within a short period of time, three weeks at the most.”
SHORTEST TIME ON MARKET
(suburb, median house price, median days on market)
Ethelton – $437,5000, 15
Cowandilla – $570,000, 17
Glenalta – $540,000, 17
North Brighton – $695,000, 18
Glenside – $801,000, 19
Beulah Park – $782,500, 19
Kidman Park – $609,000, 22
Colonel Light Gardens – $870,000, 22
Birkenhead – $433,000, 23
Malvern – $1,173,500, 23
LONGEST TIME ON MARKET
(suburb, median house price, median days on market)
Gawler South – $335,000, 147
Payneham – $620,000, 128
Hectorville – $527,500, 112
Lobethal – $377,500, 105
Kurralta Park – $549,750, 101
Smithfield – $220,000, 99
Elizabeth Park – $197,750, 96
Woodside – $456,500, 96
Ottoway – $368,000, 94
Virginia – $488,000, 91
(Source: realestate.com.au)
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