The flight to value | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s edition of The Real Estate Wrap with Leanne Pilkington, Managing Director of Laing+Simmons and President of the REINSW.
Lots of people and plenty of bidders flooded Sydney auctions over the weekend. There were 729 homes taken to auction across Sydney last week compared to 317 the week before. It goes to show the strength of demand in the lead-up to Christmas and should really put vendors on notice that now might be the ideal time to list.
Find out more in The Real Estate Wrap for this week by clicking here.
Hi everyone, Leanne Pilkington here for the market wrap for Sydney, week commencing October 14.
As we expected, the weekend before with being a long weekend, we only had 317 properties go to auction this weekend. This weekend we had 729. The preliminary clearance rate from CoreLogic of 82.3 percent so that strong demand is continuing.
Same week last year to give you an indication was 647 properties with 45.1 per cent clearance rate. So very, very strong.
If you are thinking about selling, it’s got to be said that now is a really good time to do it, but also be aware that Sydney is not just one market. So, there are different markets being experienced across Sydney.
So, if you want to sell, please ring your real estate agent and have a conversation about what they’re finding in your local area right now. See you next week!