MARKET REPORT - AREA 2
Yamba Township
Local Market Review
The local market wrapped up the second half of 2024 with a total of 122 sales – comprising 76 houses, 33 units, and 13 blocks of land.
House values have experienced a slight correction, with the median price now at $1,015,000, reflecting a -5.14% decrease compared to the $1,070,000 recorded in the first half of the year. Unit prices have remained stable, holding steady at a median of $695,000, consistent with earlier 2024 figures.
The local market is evolving with a growing variety of stock available, particularly driven by the expansion of the Yamba Quays subdivision and other local developments. These developments appeal to a diverse range of buyer segments, contributing to the area's ongoing appeal.
Days on market in many cases have increased. This extended selling period highlights a more cautious approach from buyers and underscores the need for sellers to remain competitive. Strategic pricing and professional marketing are essential to navigating this more extended market.
Sellers are encouraged to stay informed and realistic about current market conditions to ensure their properties are competitively priced and professionally marketed.
Despite market fluctuations, the ongoing interest in our region is a testament to its enduring appeal and the desirability of our lifestyle offerings. There are always opportunities for successful transactions in our vibrant community.
SNAPSHOT OF YAMBA PROPERTY MARKET
2024 MEDIAN PROPERTY PRICES
HOUSE SALES IN YAMBA
UNIT SALES IN YAMBA
* Data sourced from realestate.com.au and Pricefinder. First National Yamba strives to provide the most accurate information but does not guarantee the accuracy, reliability or currency of the information.
Surrounding Market Evidence
We, at First National Yamba, are not only in the business of real estate, but are also in the business of education. We are here to assist you in the sale of your home and/or your hunt for the most suitable property that will meet your needs and budget, as well as educate you in what the current property market in our area is reflecting in terms of property values. And, while we are not Property Valuers, we continually monitor the local property market which supports and gives evidence of property prices that have been achieved and which are currently being sought. So, for your information, we provide our latest Market Report for properties that have Sold and that are currently For Sale in the surrounding area.
If you have any questions, please do not hesitate to contact us.
FOR SALE
Area 2 - Yamba Township
SOLD
Area 2 - Yamba Township
