Day: July 24, 2020

Home Sellers’ Asking Prices up 13% from Last Year as Demand Keeps Soaring

Key takeaways for the 4-week period ending July 12:

  • Final prices for homes that sold during the period (meaning they likely went under contract in May and June) were up 6% year over year; for homes actively listed during the period, asking prices were up 13%.
  • Pending home sales continued to climb, up 7% year over year but the overall inventory of homes for sale was down 28% as demand outpaced supply.
  • 30-year mortgage rates were below 3% for the first time ever, which continued to drive homebuying demand, as mortgage purchase applications increased 16% from a year earlier
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Glamorous Tamarama goes up for sale with three double-digit million-dollar homes on offer

No. 22 Thompson St, Tamrarama has a price guide of $14m to $15m.

Wealthy Sydneysiders wanting a dream home in the tiny beachside suburb of Tamarama are currently spoiled for choice.

One of the latest to hit the market is a recently transformed four-bedroom, three-bathroom home with double garage at 22 Thompson St.

“It’s just stunning,” says Goodyer principal Pauline Goodyer, who has a price guide of $14m-$15m.

She wouldn’t discuss the identity of the owners, though property records show it to be the home of Peter Scutt — founder and CEO of Mable, an online service to help

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