Bathurst Market Update July 2016
Grant provides his Market Minute Update on the Bathurst Market for July 2016
With July being traditionally a quieter month with school holidays and colder weather, we have still seen the market place to be very active in both new properties hitting the market and sales taking place.
The question is, should you sell now or hold off until spring?
Well statistics are showing that the months of July & August have the fewest properties on the market so therefore demand is at its highest, so if you are considering holding off until spring, maybe now is a time to reconsider as you are likely to have far less competition.
The month of July has shown an obvious demand for property in Bathurst and its surroundings especially in that 500K – 600K bracket. People particularly looking for the larger then average homes on decent size blocks. Average days on market have been consistent still sitting at approximately 60 days.
With fewer homes on the market and less days to sell transacting figures are still on improve from last month.. We have seen much more buyer enquiry and certainly when a home is priced and presented right it does sell very quickly. We have more new homes hitting the market which will in turn increase buyer activity and will hopefully continue to build our momentum through to spring.
If you are thinking of beating the Spring rush or just want an up to date price on your home, call our office and let us help you prepare your property for sale. Maximise your return while competition is low and buyer activity is high.
If you would like any further information on the Bathurst market please don’t hesitate to call into our office on 02 6331 6555, or drop into the office at 197 Howick Street Bathurst, and have a chat.