Residential real estate is taking off again. Sales increased to 275 compared to 256 in July and 7.4% up year on year. A surge in buyer demand for properties $1M upwards resulted in 15 sales – reflected by an increase in the median house price to $551K – a 4% rise on July and slightly up on August 2017.
The number of available properties for sale went down even further – 631 – down 3.8% on July. The average days to sell – 31 – reflected the strong buyer demand due to multiple offers, pre-auction sales and increased auction clearance rates. Buyers had to act faster – ideal for the vendors and with great outcomes. Buyer competition ensured the best price the market will pay.
Auctions results are outstanding with a 84% success rate. Harcourts achieved yet another rave review – Winner of 2018 Quality Service Award and Most Trusted real estate brand six years in a row. You can rest assured that you’re in good hands….
Move on the horizon? Contact Linda on 022 64 50588 today for a confidential chat on how to optimize the opportunities in today’s market. We’d love to hear from you….