Updated: Jun 27, 2020
The Bayside Market Wrap - 27/06/2020
⚡️Thanks for tuning in this week lets take a look at what happened this week in the local property market!
House prices have continued to remain steady across the community this week as we saw several homes selling before their scheduled auction date.
For the past 3 weeks, we have seen a reasonable increase of new property coming online for sale, which at this stage is still relatively balanced with the number of properties exiting the market having been sold.
At present the break down of the homes listed for sale in the local area* are as follow:
*Highett, Cheltenham, Moorabbin
At the moment both our townhomes and full block homes are receiving strong enquiry through the online portals and the volume of private appointment bookings remains high. We received over 60 email enquiries this week plus an increase in direct calls from buyers which supports the case that property in the community is still very much in demand.
Sellers with a keen focus on formulating a robust plan and process continue to have great potential to achieve impressive results in this market.
Victorian Auction Clearance Rate - 66%
🌞 I hope this has been a valuable addition to your week, please feel welcome to email me at email@example.com if you have a question about the local market and until next time I look forward to seeing you out and about in the community!
Mitch - 0478896986