4207 Property Update: November Market Conditions Favouring Sellers This Holiday
November 8, 2024
Hello, 4207 homeowners! With November here, the lead-up to the holiday season has brought a unique window of opportunity for sellers. If you’ve been considering listing your property, now could be one of the best times to make your move. Let’s look at why the current market conditions could work in your favour to achieve a sale by Christmas and capture the attention of holiday buyers.
Why November is Shaping Up to Be an Ideal Month for Sellers:
Increase in New Listings – Buyers Are Paying Attention:
We’ve seen 292 new sale listings in the past 30 days, marking a 5.04% increase. This growth shows confidence in the market, with both sellers and buyers staying active through spring into early summer. More listings mean more activity, drawing in buyers who are keeping an eye out for homes they can secure before the holiday break.
Homes Selling Faster Than Before:
The average days on market has dropped to just 43.89 days—a sharp 30.67% decrease. This shorter selling period shows that homes are being snapped up quickly, an encouraging sign of demand in 4207. For sellers, this could mean a quicker sale process, with buyers eager to wrap things up before the end of the year.
Minimal Negotiations – Buyers Are Offering Closer to Asking Price
The vendor discount has reduced to just 0.32%, down 30.43% compared to the previous month. This suggests that buyers are coming prepared to make strong offers, and sellers are seeing prices close to their listing expectations. This is an advantage if you’re looking to maximize your sale price while keeping the transaction moving smoothly.
Sales and Withdrawn Listings Reflect Seller Confidence:
Recently advised sales are at 120, a 29.41% decrease, which could indicate sellers are listing with higher asking prices and fewer bargain hunters. Withdrawn listings have also dropped by 18.45%, reflecting that sellers are holding steady on their terms. Fewer withdrawn listings mean sellers feel more optimistic about their prospects in the current market climate.
Stable Rental Market – Adding Appeal to Buyers and Investors Alike
Rental listings have held steady with a minor decline to 455, down by just 1.09%. This balance keeps the area appealing for both homeowners and investors, as the rental market stability adds an extra layer of confidence in 4207’s long-term demand.
Post-Election Market Boost in Queensland: A Positive for 4207 Sellers:
With the recent Queensland state election concluded, history suggests we’re likely to see a surge in market confidence that can benefit sellers. Following elections, the real estate market often receives a positive bump as stability reassures buyers and sellers alike. Past data shows that property transactions can increase by up to 10% post-election, with buyer activity gaining momentum as people feel more secure in their investment decisions.
For sellers in 4207, this is an excellent opportunity to leverage the current conditions, especially with holiday season demand in full swing. The combination of political stability, renewed confidence, and an active buyer pool makes now an ideal time to list your property.
Why November is an Unmissable Moment for Sellers:
With the holiday season around the corner, motivated buyers are already out there, many of whom want to close before Christmas. This “holiday shopping” period for homes is an ideal time for sellers to capture attention and potentially secure great offers without extended time on the market. The combination of higher demand, reduced discounting, quick sales, and a post-election boost makes November the prime time to make your move.
Interested in taking advantage of these favourable market conditions? Reach out today for a free property appraisal, and let’s discuss how we can make your home stand out in 4207’s holiday market.
“November is proving to be an ideal time for sellers in 4207. With increased buyer activity, homes are selling faster, and we’re seeing offers close to asking prices. This season brings a unique blend of holiday buyer urgency and post-election confidence, making it the perfect window for those considering a sale. If you’re looking to leverage these favourable market conditions, listing now could help you secure a great offer before the year ends.”
Benjamin Waite | LJ Hooker Beenleigh
Benjamin Waite, your local real estate expert, is here to guide you through the selling process and help you achieve your property goals this November.
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