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| Good activity in our trading areas. |
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| Wednesday, 10 November 2010 09:56 |
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Improved weather and improved activity, that appears to be the theme in our local real estate market. We have had over 500 groups of buyers inspect our available listings over the past 4 weeks alone, a vast improvement on previous months resulting in contracts being drawn up and property sold. Sandringham is proving to be a popular suburb and good quality property is in short supply. September sales stood at 20, up from the August total of 11. Medium sales price has varied this year; 1st quarter $590,000 - days on market 38, 2nd quarter $620,000 - days on market 38, 3rd quarter $595,000 days on market 40. With increased activity will we see an increase in price for the 4th quarter? I'll keep you posted. |