In a strong finish to 2021 16 lots were offered by Peter Dunn Real Estate in Stage 7 Bridgman Ridge residential estate in Singleton with 13 selling at an average of $350,000, the top price being $390,000.
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Selling agent Peter Dunn said "these prices are by far the strongest seen in Singleton for residential land, however no surprise really seeing the very limited supply currently on offer."
"Considering the top block in the previous stage sold for $245,000, it again demonstrates the strength in our market, with most of the buyers being locals looking to upgrade and take advantage of this quality position and quiet setting.
"The other positive here is our current real estate boom is not directly aligned to a coal boom as has been the case every time for the last 30 years.
"Confidence in our town delivered by the quality infrastructure and Hunter Expressway convenience."
This completes a year like no other in our real estate market, well exceeding the national average increase of 22 per cent.
