REAL ESTATE Ballajura :: Give BAZZO a call on (08) 9249 1822 or contact us online
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Local Market Conditions
What an interesting market we have at the moment, probably the best description I have heard is a level market, not a buyers market or a sellers market, stocks are low, and buyers are in general cautious. There is still a sprinkling of first home buyers, but the second and third home buyers are where the action is, plenty of money is on offer for the right property.
According to R.E.I.W.A with large numbers of trade ups occurring, figures at the end of Dec 09 showed median house prices are up 4.3% to $480,000 with turnover down approximately 8% and listings down by 35% on the corresponding quarter in 2008.
December quarter 08 saw the highest number of sales by volume at approx 19% in the $350k to $400k bracket, this droped to just under 14% in the 09 Dec quarter. Taking over the majority of the market was the $500k to $600k range with nearly 16% of the market well up on the 08 Dec quarter of just over 12%.
Rentals for the December 09 quarter showed the vacancy rate at 4.7% up from 2.4 % in the December 08 quarter, BAZZO Real Estate's vacancy rates at the end on Dec 09 was approximately 3%.
All in all the market is still going along nicely.
Look out for our promotion starting soon, a chance to win one of 21 prizes valued at nearly $33,000. Watch this space!
All of our properties are available on our web site www.bazzo.comas well as in the BAZZO Property Guide available weekly at our office, the Lakes Estate Deli and online
But basics are still basics, Price – Presentation – Promotion, it doesn’t get any simpler than that.
Get all these right and your property will sell every time. Oh and of course get the team at Bazzo working for you!
Best Regards,
Peter and Julie Reid