Is this a change in the market?

Big numbers through our opens and some stronger buyers but, as always, not across the entire market place. 

Confidence leads to offers, offers to sales, changeover in the market place and, we hope, some increases in sales prices. Residex reported an increase of 1. 7 % in the first quarter in Sydney. I think somewhere between zero and 2 ½ to 3 % is fair for this area. What we like seeing in the industry is activity.  If there’s no activity people don’t move and then the whole market grinds to a halt as people play the waiting game and then fear whether they’ll get their property sold in enough time, if they purchase first.

The conditions now are good if you are thinking of selling a home. I suggest you move quickly. Auction would be my preferred method  but, as I always say, that comes down to three things – the owner, the area and the property. 

James’ thoughts:

• How come all the economic experts are still very much in two camps - 50% bulls, 50% bears?
• Why do agents promote themselves with awards that have no respect inside the industry, and therefore no respect outside the industry?
• The best sales I have seen in the last year have usually been done before auction and many of them in the first fourteen days of the sale. It’s a big clue to when the best buyers come through.
• I have always believed that women have the edge when it comes to selling real estate, however the numbers still seem to be leaning towards male agents.   I think the best answer for which agent to use is to try to ensure there’s a male and a female agent working on your property so people gravitate to one or the other.