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.
 
 

More interesting resources you might like...

November Market Update
November Market Update: RBA holds cash rate at 4.35%, impacting property market dynamics. Discover expert insights on inflation, property prices, and market expectations as the year ends.
Read more
Gold Coast real estate market insights August 2024
August 2024 Market Update
Stay updated with LJ Hooker's August 2024 Market Update, covering the latest trends in home values, rental markets, and investment opportunities. Explore valuable insights for property buyers, sellers, renters, and investors.
Read more
June 2024 Market Update
Stay updated on the June 2024 real estate market trends with LJ Hooker. Learn about the impact of financial incentives, tenancy law changes, and interest rates on property buyers and investors.
Read more