📊 May 2024 Real Estate Update: Is Winter Going to Cool the Postcode 3977 Real Estate Market? ☔️❄️
While Spring is famously spruiked as selling season does the season “really” make that much difference?
I’m taking 50 cents each way on this one and so much depends not on the weather, when we can have a bit of every season in one day here in Melbourne, but rather what the market conditions are… how many buyers are available… how many homes would you be competing against to get the attention of those buyers?
If you’re thinking of selling this winter stay tuned for a few golden tips to help make it a success…
But before I get into those let’s see what happened in the 3977 market in May 2024.
There were 117 houses sold in May which is down 24% compared to May 2023, with the median house price up by 5.5% sitting at $728,000.
More importantly... year-to-date 689 houses were sold which is up 3.4% on this time last year - while the overall the median house price compared to this time last year is up 3.7% sitting at $725,000.
So not looking like winter is going to put a freeze on the market and as anticipated there’s a little more buzz, with more homes hitting the market for sale.
Now if you’re thinking of making your move this winter here’s those top tips I promised you:
Make it goldilocks inside … not too warm - not too cold … remember buyers are coming from a warm car to stand outside for a bit in the cold or rain… you want them hugged by the temperature inside not feeling like they are walking into a furnace!
Windows… make them sparkle! Even the slightest bit of dust on that glass stops maximum light coming in.
Lighting… even more important in winter, add lamps into darker corners to combat the shadows of winter.
Shoes… not uncommon for sellers and agents to request no shoes inside… perhaps be a little open minded to the option of buyers keeping them on, especially if your home has tile flooring. Yes it means you may want/need to give an extra mop afterwards, but if it means buyers don’t remember your house as the one where their toes were cold it could be well worth it?!
That’s if for now if you have any questions get in touch 👉🏼 CLICK HERE