Thursday, September 28, 2017

South Australia is kicking goals!

It's been an incredibly exciting week for our state! There's been a buzz in the air ever since the Adelaide Crows secured their spot in our sporting calendar's biggest event for the year - the AFL Grand Final. From one South Australian team to another, we wish the Crows all the best in today's battle at the MCG!

Not only is South Australia kicking goals in football, it's kicking goals in real estate. With the end of September near, this week we experienced the highest volume of properties in our local real estate market in the last six months, with a huge 132 auctions scheduled across the board! 

Team Toop has been experiencing strong spring selling results first-hand with 42% of our properties selling prior to auction last week, including a four bedroom character home in Unley Park selling for the top price in Adelaide, and a renovated Prospect cottage which was the most viewed auction listing nationwide 

Our auction results have also been hot including a renovated bungalow in Colonel Light Gardens selling for $1.125 million on the weekend... a record price! 

With the results South Australia is achieving, our marketplace couldn't be in a better position for people wanting to sell their home. 

The overwhelming feedback that we heard from buyers this week is that they have been frustrated with not only the lack of stock on the market, but also the fact that they keep missing out on the properties they love. Buyers are hoping that when this long weekend and the Grand Final is behind us, new properties will flood onto the market over the next few weeks. 

The effects of lower stock levels over the last few months combined with the attraction of our Adelaide market from the eastern states, and on top of that the lowest interest rates we have ever seen, means we are experiencing a significant build-up of people wanting to purchase Adelaide property... that's even before the mass of spring buyers came into the mix. 

With just 12 weekends until Christmas, buyers desperately want to secure a home before this mental deadline. As an agent, this is a powerful window of opportunity to harness for sellers, and with the right sale strategies and marketing tools, incredible results can be achieved.

Our team is encouraging anyone who is considering selling their property to make
the most of this opportunity and Adelaide's hot buyers. We have been discussing with clients who were planning to sell in the new year, to perhaps re-visit this in order to take advantage 
of the current conditions and make the most 
of this 12 week window.

If you would like to find out more about how you could leverage our marketplace momentum, or to find out what one of our agents will be able to achieve for your property in this current market, please feel free to give myself or one of our team a call. Enjoy the long weekend!

Genevieve Toop


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