Recent data and reports from multiple sources including Core Logic RP Data all indicate that now is definitely a good time to sell your property in the Illawarra region.
Demand still very much outweighs the supply of properties on the market at the moment. This creates a market where buyers are competing for properties which translates to properties experiencing less days on market before they are sold and prices being achieved at the top end of their price guide.
Our lead agent Michelle Mannex has sold one property on average each week for the last eight weeks. A few of these properties were sold off market through our database and client matching process. The Illawarra like all property markets was adversely affected by COVID in March – May but has made a positive and promising recovery – showing consumer confidence and sentiment is still high when it comes to selling and buying property. The Government stimulus packages, home builder grants, first home buyer grants and low interest rates have all helped build confidence in the market. The ability of NSW to move out of lockdown has also contributed to the positive stabilisation of the market.
In summary, all indicators show that now is a good time to sell ! Don’t wait until mid to late spring to list your property, as there will be more competition with other properties on the market.
Contact Shellharbour Marina Real Estate today for a FREE Market Appraisal conducted by our lead agent Michelle Mannex.
By The Team at Shellharbour Marina Real Estate