Christmas Market Update 2020
Welcome to the @ Real Estate Christmas market update for the beautiful Capricorn Coast!
Wow 2020 has been a year of change, and the Capricorn Coast property market has seen its share of changes. The combination of growing employment especially in the construction sector, our idealistic beachside lifestyle and record low interest rates has had a massive impact on our local property market.
Stock levels continue to decrease. There are now approximately only 855 properties for sale on the coast, where as this time 4 years ago there were 1,800 properties, that is less than half.
We have experienced an increase in buyer activity and are pleased to report that 50% of @ Real Estate sales have been for full list price or more over the last 6 months. Furthermore, around 30% of all of our sales have been purchased sight unseen, as both local and non-local buyers don’t want to miss out. The Capricorn Coast’s average days on market also continues to decrease. Now only 46 day, whereas this time last year it was 73 days.
22% of @ Real Estate sales have been off market, with minimal advertising. And 47% of homes sold by @ Real Estate over the last 6 months have received more than 1 offer. About 1/3rd of @ Real Estate buyers have NOT been local and we are expecting to see an increase in out of town buyers with the opening of the QLD boarder and with Christmas holidays period.
@ Real Estate continues to grow from strength to strength, with another record-breaking month in November. At the beginning of November, i successfully settled $2.1M worth of real estate in one-week! Jodi continues to dominate the property market with her last 6 sales selling in less than 4 days or selling off market!
Some of our most noteworthy sales include;
Jodi’s recent sale at Springdale Avenue selling off market to a Tasmanian buyer sight unseen for $20,000 over list price.
And my most recent settlement was 11 Sorrento Way. Which was listed using our unique pre-launch system for Offers Over $400 000, and sold within hours for $420 000.
All in all, summer 2020/21 is a fantastic time to sell with @ Real Estate to make the most of favourable market conditions and our proactive approach designed for our valued clients in these changing times.
More and more Landlords continue to fall in love with the @ Real Estate Property Management team and their relationship-based approach. The rental market continues to tighten as we see an all-time low of available rental properties. Troy and Karin are renting properties in only a few days and regularly have no vacancies. Now is a great time to invest on the Capricorn Coast with low rental vacancies, record low interest rates and many quality tenants.
To ensure we are able to continue to offer the same high level of service as we grow, we welcome two new team members. Sam joining us as Receptionist and Bettina as our Sales and Marketing Relationship Manager.
Stay safe, enjoy the Christmas Holidays and remember our clients are happy because we do things differently. Experience the @ Real Estate difference for yourself or follow our adventures online.