North shore market back with a bang as St Ives smashes its top sale for 2019

A modern home on a large block in St Ives has sold for the suburb’s highest price this year, in a big sign that buyers are back and ready to purchase.

No. 19 Carcoola Rd, St Ives, is the most expensive home to sell in the suburb this year.

The north shore property market is back with a bang, after six-weeks of minimal activity.

In the past week there were 47 reported results on the north shore — the highest since the week prior to Easter.

The home has a large open plan layout.

Of those, 35 sold prior to the auction and six sold under the hammer, ensuring the north shore had an impressive 87.23 per cent clearance rate.

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Adam McKay, of Di Jones North Shore, said buyer confidence had been rising since the shock Federal Election result last week.

“Before the election, buyers were sitting back and waiting, but now many are asking ‘how do I make an offer and secure something’,” he said.

“The feeling from buyers is that the market is at the bottom and they want to secure something before prices pick up.”

Mr McKay sold 19 Carcoola Rd, St Ives, 10 days before auction, for $3.95 million — $150,000 above the price guide.

The kitchen is very stylish and full of storage.

There is a level backyard and large outdoor area.

The five-bedroom home’s sale price makes it the most expensive property to sell in St Ives so far this year.

“Buyers have been waiting a long time for a newer property like this to come up for sale in St Ives,” he said.

“So when this came up, a lot were keen to do whatever it took to secure it, as they know they could be waiting a while for another one.”

The main bedroom is very spacious.

After more than 75 inspections, there were three parties who were keen to secure the property, with a Chatswood family emerging as the new owners.

“It was a big house on a large block, and it is why people move to the upper north shore,” Mr McKay said.

On a 1471sqm block, the home’s design is a mix of contemporary style and classic Hamptons, and features include a 300-bottle wine cellar, Carrara marble kitchen and media room.

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Originally published as North shore market back with a bang as St Ives smashes its top sale for 2019