Fast Sales due to Strong Demand and Low Stock
Homeowners who are thinking of selling are being urged not to miss this unique window of opportunity. Despite the restrictions posed due to COVID-19, buyers demand remains high with few properties on the market, driving interest and speedy sales.
Recent data from RealEstate.com.au reveal that in comparison to this time last year, Queensland property searches have increased 45 per cent, enquiries were also 31 per cent higher, and days on market of For Sale properties have also dropped by 8 days from 60 to 52.
Tamika Kent from Coronis Arana Hills recently spoke to RealEstate.com.au about the promising number of buyers attending open home inspections since restrictions were relaxed last week.
“We weren’t sure what to expect and while we did have a number of properties with no attendees, others received fantastic results around southeast Queensland,” she said.
In Ferny Hills, a home at 16 Tarawill Crescent had 17 groups through, three offers and sold after only being listed for four days.
“We’re definitely seeing strong buyer inquiry and confidence in the market, which is great news for the industry and goes to show it’s not all doom and gloom at the minute,” Ms Kent said.