May 2024 Market Update

Shane Colquhoun

Have you ever wondered how often is “too often” when it comes to staying in touch with your preferred real estate agent?
 
Let me share a recent case study that underscores the importance of staying informed about property prices. Just six months ago, our office sold a home locally for $1.135 million. Remarkably, that same property has just been resold for $1.3 million—an astonishing 15% increase in such a short period!
 
This scenario emphasises the necessity of staying connected with a local specialist who can provide timely updates, often over the phone, especially when we are familiar with the property.
 
Unfortunately, we frequently encounter instances where properties are sold for less than their true market value. Perhaps the seller wasn’t kept informed frequently enough to adapt to the changing market conditions.
 
If it’s been a while since you’ve assessed your property’s value, I strongly encourage you to reach out to our exceptional team. We’re here to ensure you’re always well-informed and positioned to make the most of the dynamic real estate market.
 
 

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