📊 SEPTEMBER 2024 REAL ESTATE UPDATE
Spring has sprung but did it bring a bounce into the 3977 real estate market?
Let’s take a look! 👀
There were 89 house sales reported in postcode 3977 which is a fair way down on September last year where we had 147. Year to date we’ve had One thousand three hundred and seventeen house sales reported and that’s up 8.1% with the median house price also up just a little - 1.7% higher - sitting at seven hundred and twenty five thousand dollars compared to this time last year and with realistically only 10 weeks of productive real estate selling left for 2024 what do we expect to see moving forward?
Well, before Santa arrives we have the disruption of the gee gees with the Melbourne Cup always a bit of a distraction… especially if the weather is nice and people head away, however this is also the time of year where we do see buyers becoming more focussed on making quicker decisions due to looming deadlines, and this in turn leads to many offers coming with shorter settlement dates with many wanting to be in their new home for Christmas. If you’re thinking of selling this could be sounding scary… and it can be… so if you are contemplating selling in what is left of 2024 - it’s a good idea to start talking with your agent now about what that would look like for you before you put the house on the market.
I very recently had a client receive an exceptional offer… they absolutely loved the price but were super scared about the quickness of settlement the buyer was wanting. Knowing that this price was likely not coming again anytime soon, I sat with the buyers and negotiated better terms for my sellers - creating a safety net of added time. And as is the way around 10 days later I was bidding at an auction for my seller clients and they secured a fantastic property in their ideal location and we’ve been able to bring the settlement forward to the original date the buyer wanted! Absolute win/win for everybody.
That’s if for the September 2024 market wrap - I'll see you again next month but if you have any real estate questions in the meantime give me a buzz - Jo Mooney - 0407 344 011