Our Backyard – Aireys Inlet

I have been banging on for a while now about the low number of properties for sale in Aireys Inlet, Fairhaven, Moggs Creek and Eastern View.  During this time there has been quite good buyer enquiry on properties in certain prices ranges.

A statistic, agents often refer to is what we call ‘Days on Market’.  This measures the number of days from when a property is listed for sale to when it is sold.  In recent years this figure has often hovered around 120 to 150 days. An inevitable outcome of periods of low stock levels coupled with strong demand is a reduction in the Days on Market.

This week we contracted 15 Wybellenna Drive after only 27 days on the market.  Last week we sold 16 Yandanah Road after only 10 days on the market.  It was however, previously for sale with another agent for almost nine months. Also 57 Pearse Road sold in Late October after only two weeks on the market.

Well presented, well marketed and well priced property is selling in this market.  The only problem for real estate agents is the low number of properties for sale.

If you have been thinking of selling, this summer might be the ideal time.  Please contact us if you require any real estate advice.

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James Worssam                                                                     Ben Jackson

james@greatocdeanroadrealestate.com.au                      ben@greatoceanroadrdealestate.com.au

0418 585 815                                                                           0437 380 706

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