Our Thirty-First Month - Mar 2021

Our listings & stock simply didn't sustain the volume of buyer enquiry we had. With that being said, we're still very happy and quite proud of our achievements in the financial year to date.

Date:

22-Apr-2021

Category:

Ecology

Tags:

Author:

Matthew De Maid

Our Thirty-First Month - Mar 2021

Our listings & stock simply didn't sustain the volume of buyer enquiry we had. With that being said, we're still very happy and quite proud of our achievements in the financial year to date.

The end of the first quarter of 2021 has been and gone, with a lot of businesses in the real estate space posting that they've had their biggest quarters on record. For us, it wasn't the largest quarter of the financial year to date; the final quarter of 2020 for us was marginally larger. Our listings & stock simply didn't sustain the volume of buyer enquiry we had. With that being said, we're still very happy and quite proud of our achievements in the financial year to date. With our all-time annual financial year PB being surpassed before the end of March (with a full quarter of business left to come), I think that in itself highlights the strength in the current market; not that the property market hasn't already been highlighted in the media though!

Obviously, there's still plenty of moving parts when it comes to real estate - with heightened buyer interest comes increased difficulty for agents trying to securing listings; it's gotten to a point where people are genuinely avoiding selling as they aren't sure where they'll be able to move to...rentals are tight, and purchasing is super competitive. Sure, I agree that listings have become "easier" to sell due to the increased levels of buyer enquiry - it really just seems to be short sharp sprints of selling for each property, rather than the back to back weekends of open homes and private inspections at the same property. It’s strange to think that twelve months ago I was at home wondering what would happen in the market, no one would have forecasted what actually did happen... I know I certainly didn't!

We've had some big results on properties lately even with listed prices; and I think that's why the market, broadly speaking is seeing more and more sales without a price - it's quite hard to judge what the limits of the current market are. I still firmly stand by my opinion that there's definitely pros & cons when considering selling with no price, it's not always sunshine and rainbows without a price. I think I might touch on that in next months blog as it's becoming more of a conversation point among sellers it would seem, so a little conversation around it might be helpful for some people.

- Matt