Ocean Grove Market Update: A Coastal Gem Gaining Remarkable Momentum – Aug 2024

Harley delves into the recent market activity happening in Ocean Grove. A prime location for those seeking the coastal lifestyle, Ocean Grove is attracting plenty of attention from purchasers looking to make the coastal move.

One of the areas standout features is the diversity of homes available. Whether you are searching for a well-established property with character or a sleek, modern new build in one of the area’s up-and-coming estates, you’re bound to find something that fits your needs.

Let’s look at the numbers. In July alone, 20 properties were sold, a significant leap from just 10 in June. This surge in sales is a promising sign of the growing demand for this coastal area.

At Oslo Property, our recent statistics show a median sale price of $1.1 million for homes in Ocean Grove, which is notably higher than the wider market average of $990,000. Additionally, homes in Ocean Grove are selling faster, with an average time on the market of just 40 days compared to around 120 days in the broader area. This indicates a robust market and lively buyer interest.

Looking back over the past year, the $800,000 to $1 million price range has been particularly popular, with Oslo Property successfully closing 14 transactions in Ocean Grove within this bracket. A highlight from our recent sales includes 12 Lady Earl Crescent in Oakdene Estate. This stunning 4-bedroom home, which blends style with coastal charm, sold for $825,000 after just two weeks on the market—a testament to the high demand and appeal of properties in this region.

If you’re curious about the Ocean Grove market or thinking about buying or selling a property, we would love to assist. Please select here to book an appointment to discuss your options or get more insights into this vibrant community.

Watch the Ocean Grove Coastal Market Update Video with Harley Lewis Above