May 2021 Monthly Property Market Update
Hi Andrew from Elders here & welcome to the monthly market update.
April has proved to be a excellent month in the property marketplace, as prices are continuing to rise due to the influx of finance approved buyers wanting to establish their family in our thriving suburb. Sale by way of auction is proving to be the most effective way to unlock your homes full sale potential.
In a less competitive market, fewer buyers were likely to compete at auction although now, buyer sentiment has changed & the willingness to bid has increased. Currently the auction clearance rate sits at 90% for our core area.
We are finding by giving buyers an opportunity to negotiate in a transparent & open marketplace, they can see exactly where the value of the property is & ensure their purchase price is in line with the market.
Over the past month we’ve had the pleasure of maximizing value for our clients, which has ensured that they’re next move is as comfortable as possible. Some of our recent results include; 413 Kissing Point Road, Ermington – Sold at Auction for $1,271,000 42 The Crescent, Toongabbie – Sold at Auction for $1,120,500 2/101 Gilba Road, Girraween – Sold by negotiation for $733,000 If you’re thinking about making a move, now is the time!
The first step is to get in touch with your local experts here at Elders & discuss pricing & an appropriate marketing strategy to ensure you get the best result. Thanks for watching, as always feel free to share this video with your friends and family. My name is Andrew & I’ll see you next month.