How LONG is it taking to SELL.?

19 Jun

What a wonderful question and one that many would be and current sellers are asking their agents right now..

Well with the latest data being somewhat bi-polar in its facts and findings, lets consider:

The past 5 months has seen month on month national property price growth in a row
Despite the slow down in GDP (Gross Dosmetic Prodcut), the forecast from 'Interbank Futures imply a 1-in-3 chance that the cash rate will increase from 4.1% to 4.35% in July
Lendi, one of the largest online lending institutions, says the fixed-rate mortgage cliff is imminent, with 48% of their loan book rolling onto more expensive variable rates this year
Labour hire shortages, combined with increase in building materials continues to SLOW the rate of development approvals. This combined with the immigration floodgates re-opening, continues to see the supply/demand ratio very tight, bucking all the above trends to see property prices still holding steady and stable.

What does ALL this mean if you are SELLING soon or ON-THE-MARKET right now. Well in the handy little tool below, supplied by SQM Research. You can enter ANY POSTCODE in the country and see the percentage of homes that SELL in under 30 days / 30-60 days / 90+ days.

For EG: in the 3046 postcode:

38% of homes are SELLING in under 30 days.
21% of homes are SELLING between 30-60 days
8.1% of homes are SELLING between 60-90 days
12% of homes are SELLING between 90-180 days
18% of homes are SELLING from 189+ days and over

Meaning 62% of homes in the 3046 postcode are still taking longer than 30 days to SELL. To reasearch your postcode and find out more. Simply CLICK HERE or HIT the IMAGE below..

This Week C+M Also COVERS:

How LONG is it taking to SELL..
C+M Market Activity & Clearance Rates..
Get your INSTANT Property Price Online.?
Your Suburbs SOLD Results..
Quote of the Week..

C+M Market Activity Past 7 DAYS..

The week's PRE-MARKET and YET to be Photographed homes:

2 Ash Crt, Glenroy: Original Brick House, Coming Soon..
2/2 Ash Crt, Glenroy: Rear Townhouse, Coming Soon..
12 Margaret St, Oak Park: Parklands @ Your Back Door, Coming Soon..
2/8 Murrell St, Glenroy: Townhouse in Popular Area, Coming Soon..
3 Cooper St, Broadmeadows: Original House, Coming..
2B Cartwright St, Oak Park: Street Facing Townhouse, Coming Soon..
4/1 Margaret St, Oak Park: Cute Gem, Coming Soon..

The week's NEWEST home to market at C+M Residential:

4/4 Walter St, Hadfield: Street Facing Townhouse: $735k - $775k
2/21 Margaret st, Oak Park: Strathmore School Zone: $697k - $765k
17 Housden St, Broadmeadows: Plans & Permits For 3: $500k - $550k
5A Emu Pde, Jacana: Dual-Occ Townhouse: $485k - $525k
1/16 West St, Pascoe Vale: Strret Facing Gem: $697k - $765k

The week's local SOLD results at C+M Residential:

56A Hubert Ave, Glenroy: SOLD @ Private Sale: $729,000
48 Maude Ave, Glenroy: SOLD @ Prior to Auction: $950,000
2/20 South St, Hadfield: SOLD @ Private Sale: $632,500
8/135-137 Cardinal Rd, Glenroy: SOLD @ Private Sale: $640,000
11/15-17 Nerissa Gr, Oak Park: $585,000

Book Your INSTANT Price CHECK.?

Like to know your INSTANT Property Price estimate online. Request yours now by simply CLICKING the IMAGE below or this LINK HERE.

*If you would prefer to BOOK in a more accurate Property Price Check in person with one of our team, you can request this as well.

Auction STATS:
17th June '23

*preliminary results based on Sundays data from realestate.com.au

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    680
  

    SOLD @ Auction
    This Week
    319
  

    SOLD Prior
    This Week
    133
  

    Clearance Rate
    This Week
    67%
  

    SOLD after Auction
    This Week
    6
  

    Withdrawn
    This Week
    79
  

    Total Scheduled
    This Week
    914
  

    PASSED IN
    This Week
    143
  