Properties top $1 million in the past month

Several non-waterfront properties on the Peninsula have been sold for more than $1 million in the past month.

According to Mr Shane Johnson, from Raine and Horne Woy Woy, the prices gained show that demand from purchasers for Peninsula homes continues to be very strong.

Mr Johnson said a shortage of properties for sale was also fuelling the market.

"Historically we generally see an increase of properties on the market from spring through to summer.

"However this year that increase has been small, which in return has kept buyer demand high and this has been reflected in strong sale prices," he said.

"We have seen that investors are back in the market again and developers are still purchasing sites too, showing that there is still high confidence in the ever growing Peninsula market.

"Many people are choosing to cash in on the Sydney market and move to the Coast, while still only having a little over an hour commute to Sydney Central by train from Woy Woy," he said.

Raine and Horne Woy Woy reported 20 sales in the past month with an average price of $652,000 in Woy Woy; 23 sales in Umina with an average price of $677,000; and 17 sales in Ettalong with an average sale price of $702,000.

On average across the Peninsula houses are selling in 67 days or less.

Submission, 8 Dec 2016

Shane Johnson, Raine and Horne Woy Woy