Cunninghams Comes To Avalon Beach + My Take On The 2021/22 Property Market

By Jonathan Fletcher

I’m really excited to announce that after 18 years in real estate servicing the Upper Northern Beaches, I am thrilled to be partnering with Cunninghams here in Avalon Beach.

We will be opening our new office in Avalon Beach in August – watch this space!

Cunninghams has been serving the Northern Beaches for 30 years and is one of the region’s most respected and successful businesses. Avalon will be its 4th office location along the beaches and I couldn’t be more excited about my new “home” at Cunninghams.

We will be located in the high profile location between Beachside Bookshop and Nourished Café on Avalon Parade. When the restrictions have passed and our office is opened up be sure to stop by and say ‘hi’.

My take on the property market 2021/22

These are interesting times, and in regards to the local real estate market, property values have increased substantially over the last twelve months. For example, according to the median house price in Avalon Beach has increased from $2.01million in June 2020 to $2.52million in May 2021.

Though there has been a return of COVID restrictions (at the time of writing this article) we continue to have the issue of property supply shortages in our area therefore we are seeing no relent to strong price results in our sales. In saying that, now is not necessarily a bad time to buy or sell, in fact it could be a good time for many to transact in the property market.

Here are three reasons why I think that is the case

1. Adaptation can be an advantage

With the current Covid orders in Sydney, all of us have had to adapt the way we do things. At the moment, these orders do not permit group open for inspections however we are allowed to take buyers through by private appointment, one person at a time. Adapting and working with a Covid safe means to interact, whether that is virtual or in person, is extremely important to us all. For up to date Covid information and guidelines please refer to NSW Health.

Personally, I have found great advantages to taking buyers through properties one person at a time. It allows me to spend more time with each buyer, ask more questions and also get a deeper understanding of their needs and wants which in turn helps me help them find the right property.

Another advantage is, it allows us to create an environment that minimises anxiety for the buyers. Having one person through at a time gives them the opportunity to inspect the property unrushed and unhurried. We all know how it feels to turn up to an open with fifty other buyers… anxiety levels can run sky high! The less populated, more spacious environment combined with each buyer having allocated time has facilitated better conversation between agent and buyer, ultimately fostering a beneficial result for everyone.

Having to adapt also provides an opportunity for us to re-think the way we do real estate business, to improve, to progress and grow.

2. We are as active as ever

Its quiet on the streets but we are active on the phone, by appointment and via online auctions. It may not be business as usual but our activity is not slowing down. We are still listing, marketing, opening, negotiating and selling property at a steady pace. This week we launched our first property under the Cunninghams Avalon Beach banner, 1 Hansford Parade Bilgola Plateau. Within seven days we had 19 private inspections, 4 strong buyers and 2 competitive offers. The property sold prior to auction for an outstanding result. Yes we are as active as always.

We are actively working to service buyers who are continuing to look for property and sellers who are ready or thinking of selling. This is a great time to engage with your agent even if it’s to get advice and prepare for a sale come spring when the community has opened up fully.

3. Avalon’s appeal doesn’t waver

Reflecting over the last 18 months each time we have experienced a lockdown we have seen a rush from buyers to secure property in the Upper Northern Beaches. Avalon Beach and its surrounding suburbs continue to be in high demand. The lifestyle is unrivalled and the demand for property unwavered no matter the circumstances. This typically has resulted in above average sale outcomes and property prices rising. Ofcourse, no one can predict the market following this current lockdown, however what we do know is that our local property market remains in very high demand and stock remains low, which indicates a strong spring is coming.

If you would like to talk more or have any questions regarding buying or selling on the Upper Northern Beaches, don’t hesitate to contact me directly via phone 0424 053 355 or email here. We also look forward to welcoming you into our new office set to be open sometime in August.

If you’d like to track the value of your home, compare recent sales and find out how much your property is worth in the current market, you can get your free estimate here.