Is Winter the HOT time to SELL.?

2 Jul

So far this year, there has been a stable rebound in prelimanry sales, building month on month since April.

Overall sales volumes have been down on 2020, 2021 and most of 2022 data recorded and more similar to 2019 market trends. The lower level of newer homes coming onto the market for sale statistically sits -16.8% lower in May'23 than in May'22. Historically stock supply level sit -30.5% below the decade average. Currently buyers are faced with fewer purchasing opportunities due to the lack of new listings on the market.

Even though interest rates have continued to rise, the further predicted falls in property prices of -7-10% for this year have not eventuated. Combine this with the traditionally quieter selling season we experience through winter. Right now conditions are combining to create the PERFECT STORM..

Excess buyers left over that have not been able to locate the right home
Low supply levels that are -30.5% below the 10 year average
The interest rising cycle coming to it's peak
Price drops already felt are now at affordable levels compared to say 2-3 years ago

I'm not an expert economist, however when as they say it's all about SUPPLY vs DEMAND, so you do the maths and calculate could this winter be the perfect window of OPPORTUNITY to take advantage of current market conditions, before SUPPLY ramps up in Spring..

To READ the FULL ARTICLE by Cameron Kisher (director of REA economic research), simply CLICK HERE or HIT the IMAGE below..

This Week C+M Also COVERS:

Could Winter be HOT..
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:

33 Valencia St, Glernoy: Potential PLUS, Off Market..
21 North St, Hadfield: Endless Possibilities on Large Block, Off Market..
12 Margaret St, Oak Park: In the Zone, Off Market..
3/21 First Ave, Strathmore: Townhouse in Strathmore School Zone, Coming Soon..
3/20 Finchley St, Glenroy: 2-Bed Low Maintnenace Unit, Coming Soon..
83 Victoria St, Oak Park: Full of Charm & Character, Coming Soon..
48 OConnor St, Reservoir: Brand New Home, Coming Soon..
2B Louis St, Reservoir: New & Street Facing, Coming Soon..
27 Osway St, Broadmeadows: Potential in Popular Street, Coming Soon..
2/9 Kiama St, Glenroy: 2-Bed, 2-Bath Home, Coming Soon..

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

33 Somerlayton St, Glenroy: Plans & Permits for 3: $665k - $695k
3/54 Langton St, Glenroy: Live in Style: $475k - $515k
2/62 Cornwall Rd, Pascoe Vale: Modern Features and Living: $697k - $765k
3 Cooper St, Broadmeadows: Plans & Permits for 3: $485k - $530k
3/17 Bindi St, Glenroy: Low Maintenance Townhome: $645k - $695k
21/12 Surrey St, Pascoe Vale: Low Maintenance Beauty: $330k - $360k

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

6/24 Leighton Cres, Fawkner: SOLD @ Private Sale: $600,000
40 Bamburgh St, Jacana: SOLD @ Private Sale $570,000
3/156 Melbourne Ave, Glenroy: SOLD @ Private Sale: $700,000
38 Tassell St, Hadfield: SOLD @ Private Sale: $1,060,000
106 Cuthbert St, Broadmeadows: SOLD @ Auction $660,000

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*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:
1st July '23

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

  
    STATISTIC
    DATE
    No. or %    
  

    Results Available
    This Week
    473
  

    SOLD @ Auction
    This Week
    219
  

    SOLD Prior
    This Week
    86
  

    Clearance Rate
    This Week
    65%
  

    SOLD after Auction
    This Week
    4
  

    Withdrawn
    This Week
    46
  

    Total Scheduled
    This Week
    587
  

    PASSED IN
    This Week
    118
  