📊 JUNE 2023 #MarketUpdate 📍 Postcode 3977
What happened with property prices in Cranbourne & surrounds in June 2023?
90 homes sold in June, which is down 46% on the same month last year, and the median house price is sitting at $730,000. The pattern to watch is year to date numbers which tell a slightly different story. Year to date we are down 37% in the number of homes sold and the overall increase in the median house price is only 1.08% meaning we are starting to see the beginning of equity shrink making it even more important to act quickly if you’re selling this year. That’s the big picture - let's get into the neighbourhood breakdowns... Cranbourne: you saw 16 properties sell in June 2023 1 of those prices have not yet been disclosed so as far as we can report: The lowest sales price was for unit 4 number 7 Normanby Street a 2 bedroom 1 bathroom single garage unit selling for $463,350 The highest was: 20 Scott Street a potential development in the Activity Zone selling of 1 million, 310 thousand dollars Cranbourne West: you saw 19 properties sell in June 2023 1 of those prices have not yet been disclosed so as far as we can report: The lowest sales price was 9 Sharyn Street a 3 bedroom 2 bathroom single garage home in need of renovation selling for $495,000 The highest was: 19 Red Maple Drive a 4 bedroom 2 bathroom home on 513 square metres of land selling for $950,000 Cranbourne East: you saw 17 properties sell in June 2023 1 of those prices have not yet been disclosed so as far as we can report: The lowest sales price was for 9 Sundew Avenue a 4 bedroom 2 bathroom double garage townhouse selling for $650,000 The highest was 37 Collison Road a 3 bedroom 2 bathroom home on just under 2 acres of land selling for 2 million 3 hundred thousand dollars Cranbourne North: you saw 15 properties sell in June 2023 1 of those prices have not yet been disclosed so as far as we can report: The lowest sales price was for 13 Lachlan Close a 3 bedroom 1 bathroom home on 649m2 of land selling for $627,000 The highest was: 90 Rossiter Retreat a 4 bedroom 2 bathroom home selling for one million and sixty thousand dollars Cranbourne South: you saw 4 properties sell in June 2023 It seems the price for 3 bedroom homes has been set with 15 Firecrest Way, 3 Jeepster Way and 22 Limandus Crescent all selling for $650,000 while 10 Lanosso Avenue a 4 bedroom 2 bathroom home sold for $660,000 Clyde: you saw 13 properties sell in June 2023 2 of those prices have not yet been disclosed so as far as we can report: The lowest sales price was for 45 Creekside Street a 3 bedroom 2 bathroom double garage home selling for $590,000 The highest was: 14 Lucid Crescent a 4 bedroom 2 bathroom home selling for one million two hundred and thirty thousand dollars Clyde North: you saw 25 properties sell in June 2023 4 of those prices have not yet been disclosed so as far as we can report: The lowest sales price was for 8 Hacienda Lane a 2 bedroom 2 bathroom single garage home selling for $518,500 The highest was: 126 Verdant Drive a 4 bed 3 bathroom home selling at one million and one hundred thousand dollars Botanic Ridge: you saw 9 properties sell in June 2023 1 of those prices has not yet been disclosed so as far as we can report The lowest sales price was for 9 Berrybank Terrace a 4 bedroom 2 bathroom single garage townhouse selling for $585,000 The highest was 97 Settlers Run a 4 bedroom 2 bathroom home on quarter of an acre of land selling for one million two hundred and thirty thousand dollars Junction Village: You saw 2 sales in June 2023 Both 2 bedroom units in the same block with the lowest price being for unit 4 selling for $455,000 And Unit 3 selling slightly higher for $468,000 Need more detailed info? On the 5th of every month we update everything right down to your own housing estate area and have it available as a free download - so if you’d like to get access to that head onto the web at: www.bit.ly/mooneymarketreport to get access to your latest local stats whenever you want them. And that’s the wrap for June 2023 - As always thanks so much for watching - If you found this helpful & don’t want to miss future videos make sure you subscribe to my channel … and don’t forget to share this with friends or family who might be curious too! And of course if you have questions and want to see where the opportunities lie for you in 2023 we’re always happy to have a chat about the local real estate market here in & around Cranbourne and we’re only a phone call away.