Now is a good time to get active, and no, I’m not talking about a New Year fitness regime!
As anticipated to date over the January holiday period the market has not slowed down. Buyer enquiries remained very high but unfortunately available stock continues to be quite limited.
It was the same this time last year. It seems whilst buyers retain their fervour to find the perfect property even over the holidays, vendors are more inclined to want to take a break. As a result the year begins with a critical lack of stock.
I recognise there is some level of nervousness about the direction the market will take in 2016. In Sydney demand appears to have eased back from the dramatic highs of mid last year. It’s different in The Highlands because things weren’t so crazy down here which means there is little need for any dramatic adjustment.
So the opportunity is there. The Australia Day long weekend unofficially marks the end of the holiday season; time to get back to school and back to business. That means those thinking of listing shouldn’t wait any longer.
I do believe the next six months will continue to deliver strong results for vendors in the Southern Highlands and an increase in listings will not impact prices as that buyer demand is sufficient to absorb new listings.
As always I caution vendors to be realistic about their price expectations. At the same time, on the other side of the equation buyers should also not expect an increase in supply to increase their opportunity to negotiate a bargain.
The fact is the market doesn’t always have to deliver winners and losers. It’s actually more exciting when there is a state of equilibrium so everyone is happy and the next few months has real potential to deliver that outcome.
As anyone embarking on a new year get fit regime will know, NOW is the best time to start, so call one of our team for a property appraisal.