In Real Estate, spring has always been known as ‘the’ time to sell and indeed we have already noticed a marked increase in the number of home owners requesting an appraisal with the intention to sell.
For many home owners, spring brings the opportunity for a fresh start, whether it be for a change in lifestyle, career, schooling for children, or the chance to get settled into a new home for Christmas. With the longer days and warmer weather, spring also enables a home to be showcased to its full potential with natural sunlight, blooming gardens and fresh air flowing through open windows – in effect, the home becomes far more inviting.
In addition, buyers who had been waiting out the cold gloomy winter months to search for their new home begin to reappear out of the woodworks in the hope of finding their dream home.
This forms part of the reason why the largest number of buyers are actively searching for property during the spring months. These buyers tend to be the most ‘motivated’ buyers, holding out until there is more choice on the market.
With auction clearance rates remaining strong, the property market looks ready to hit-the-ground running following the coldest winter in years, making it one of the best times of year to achieve the best sale outcome.
According to the Residex State Market Report July 2015, Sydney houses have achieved a record high annual growth rate for the current housing boom of 20.36 percent in the 12 months to June 2015 with the median house price now $993,500.
In the medium to long term, prospects for Sydney still look good.
Keen to learn some key tricks for marketing your home in spring? Check out our blog on ‘How to Market Ready Your Home for Spring.’
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