How can it possibly be that it’s just nine weeks until Christmas? It feels like the year has flown by, and with the festive season fast approaching, we’re entering what we believe will be a particularly important nine weeks in the property market.
Last weekend brought a noticeable change in energy. Perhaps it was the warmer weather, but there was a renewed sense of enthusiasm, with attendance at our newly launched properties among the strongest we’ve seen in quite some time.
This is an encouraging shift, especially with REIWA’s latest figures showing Perth listings have climbed to 8,660 properties, up an extraordinary 205% on this time last year, while sales are down 26.4%. In our experience, part of this increase in stock is being driven by buyers securing their next home subject to the sale of their existing property, bringing more listings to market.
For buyers in this position, having your own home ready to launch (“market-ready”) is critical to strengthening your offer and giving sellers confidence. With considerably more choice available, presentation, a well-considered strategy and listening to your experienced agent’s advice are more important than ever.
It’s been a busy week at White House, with successful negotiations culminating in another SIX properties under offer. We continue to replenish our listings, providing buyers with another ELEVEN new listings launched to market this week.
The next nine weeks are likely to see buyers and sellers moving into decision-making mode, as they look to make their moves in time to settle before Christmas or in January, ahead of the new school year.
The renewed energy is welcome, but this remains a market where preparation, realistic pricing and responsiveness to market feedback will make all the difference.
If you are considering a move and would like to discuss buying, selling or leasing, we’d love to help you make the most of the weeks ahead. Please reach out for a confidential discussion. We welcome your call.
