RESIDENTIAL UPDATE

Same old, same old! While sales volumes are up from the short ‘stall’ during the Rugby World Cup, they are really just a continuation of the better parts of 2011. Well priced, very well presented, [and I mean that] homes are selling quickly no matter what sector of the market they sit.

As I mentioned mid-year, those homes are being fought over with multi-offers almost expected now. What’s also the same is that the ‘losing’ buyers are then sitting back and waiting for another top property…in other words they are not being panicked into buying second best.

This scenario appears right across the entire market and the country, first homes, family homes and opulent properties; ‘cherry picking’ some call it.  In a bid to get a measure on this, we are suggesting owners of homes  that are sticking in the market checkout other homes in their sector but which have sold recently, just to get a market perspective.



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