Amazing to think that the first month of 2020 is drawing to a close.
And what a month it has been, open homes with record attendances, multi offers on many listings and pre-auction offers bringing early auctions and properties selling within 24 or 48 hours of coming to the market. It is fair to say that in 32 years of selling we have not seen activity to this level in terms of pace on the market. With so much selling activity stock levels remain low as sales continue to outpace the rate of new listings we have coming to the market. With selling conditions this good and the traditional busy listing season of February and March upon us this imbalance should be remedied to some extent. It certainly is a struggle to see better conditions to be selling homes on.
With this in mind, we are repeating our Summer time is Hammer time auction promotion that we successfully ran in December (8 out of 10 sales under the hammer and one after the auction). The auction date for this in rooms event is 5th March with bookings closing next week. This heavily discounted package allows vendors to auction their homes with multi-media marketing for just $1700. With numbers of vendors keen to take advantage of this great deal vacancies are filling fast so call your Ray White Austar agent today.
A quick synopsis of the market for 2020 shows some interesting details. Buyers are still very evident with auction selling rates increasing, multiple offers on normal listings commonplace and many buyers prepared to put in back-up offers on properties already under contract. Interestingly enough sale numbers remain virtually unchanged from … Read more
A warm welcome to you all for 2020 and what a start we have seen. With the market picking up many of our team were “on deck” over the holiday break and boy did that pay dividends for our vendors. We managed a staggering 23 signed agreements between December … Read more