Market Wrap February 2018 – Wollongong 2500

Below we have provided an overview of the current market in Wollongong CBD vicinity 2500.

Apartments in the last year have experienced an annual growth of 11.4% with the median sale price of $590,000. However, houses in Wollongong have experienced a total growth of 14.6% with the median sale price of $890,000.

The highest sale price in Wollongong 2500, for 2017:

Apartment – $2.995 million

House – $1.86 million

Currently the Auction clearance rate for NSW in February 2018 is 72% with a total of 1221 auctions held.

The average days on market in the last 12 months have increased slightly due to less buyers in the market place and an increase in properties on the market.

Consumers are speculating whether the market will take its toll due to the major growth in the past 3 years.

For more information regarding your suburb and its market review please don’t hesitate to contact the team at A-List Property Group.

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