February Market Update

2019 looks more promising than many would have thought. November and December were very tough but in January things really picked up. Buyer enquiry has been exceptional. The negative media reports preaching that it’s a great time to purchase must be prompting buyer activity.

We sold more properties this January than I can remember in over five years. It’s usually a sleepy month but not this year. We had 71 groups inspect one of our current listings! This is more than I have ever seen to any open house.

We have had four properties that didn’t sell in December which were snapped up this year. Clearance rates are at 78%! This is a good sign that we are in a better market.

The big question of course is how long with this resurgence stay with us?

Most media suggests a falling market until the end of the year. The reality is buyer numbers are increasing, money is still relatively cheap and there are lots of great opportunities out there to make money in the current market.

To discuss this further please contact me. I know I can add value to your decision as I have assisted hundreds of young professionals, families and downsizers who have had huge windfalls from playing their cards right. My real estate knowledge and experience of changing markets will give you a greater insight into what opportunities are at your door step. I hope to be able to assist you soon.