2014 is already shaping up to be a record-breaking year. Last Saturday Dr Andrew Wilson reported in the SMH/AFR Domain that Sydney’s once-in-a-decade housing market continues to rise to new highs. Sydney’s auction clearance rate the week before was 86%.
Sydney home buyers remain hungry for property with four consecutive weekend clearance rates at or above 80% – unprecedented for this time of the year. Last week, at the LJ Hooker House auctions, we sold 16 of the 19 properties offered, either prior to auction or under the hammer, making our own clearance rate 84%. Proven negotiators, LJ Hooker also boasts a list-to-sell ratio of 95% for the last 12 months – a result which surpasses all of our competitors.
Within this weeks Mosman Daily our office was noted a couple of times with record market results:
February’s record-breaking Sydney auction market is set to continue during March, with no sign of buyer or seller enthusiasm easing up. With a severe shortage of stock on the market, it really is a seller’s market at the moment.
The current climate of low interest rates, the lower dollar and a shortage of housing stock make up the perfect market for a pre-Easter sale.
To view our recent sales within the Lower North Shore click here.
If you are considering selling, or simply need an updated market appraisal, call LJ Hooker Mosman – your Lower North Shore real estate specialists.