Market Update

Spring time Market Update!

Well it’s hard to believe there’s a little over three months until Christmas! So what has been happening in the market? Demand remains very strong in various sections of the market due to unusually short supply of quality listings.
The affordable and mid range sector is particularly strong and we have had recent cases of multiple buyers competing aggressively for properties leading to exceptional above market results.
The high end residential market is currently a market where realistic sellers and buyers meet. In spite of a shortage of listings on the market in this category, turnover is slower than usual. Well presented and accurately priced properties are still moving, though it is important to monitor competition closely and listen to the market.
The rural market is experiencing a shortage in general activity, both in properties coming to market and selling. Average days on market are drifting out somewhat and pricing and presentation is critical.
Historically, Spring is a fantastic time to sell with increased market activity and qualified buyers. Right now, there is a shortage of listings across the market, so if you’re thinking of selling, this means less competition and increased buyer demand.

Positively, our team has been working hard and creating great turnover in both land and residential sales, which means we are nearly completely sold out of listings! Achieving over 14 land sales during a period where we are finding land sales are moving slower than residential properties. Through consistency and motivation, we have also obtained great results for properties which had been on the market for longer periods of time – we never give up!

So if you’re thinking of making the change, we’d love to hear from you. Contact the team today for a no-obligation real estate discussion.
Geoff Eagles 0418 267 095
Jaimie Blackmore 0400 043 043