Real estate still changed hands amidst the Corona-19 pandemic – although under ‘new normal’ circumstances.
Sales were low at 150 for May, but up on April – although lower year on year. This was to be expected with tight restrictions in place during lock down and it took a bit longer to sell with an average of 52 days on the market. The median sale price held steady on $625K as in March and April, but was up by 11.21% year on year.
Open homes attract good numbers in Level 1 – a tell tale that the low interest rates are luring prospective buyers to consider taking the leap to ownership. Now is a good time to move up market or off loading dated investment properties to buy into newer developments. The rental market requirements have changed and new builds will pose a better return of investment with appreciation over time.
Are you thinking to make a real estate move? Contact Linda on 022 64 50588 for a FREE, NO OBLIGATION to find out what your property might be worth in today’s market.