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Sales numbers still growing

A lot of local property owners in the City of Moonee Valley might have been surprised by the announcement our network made on the back cover of this weekend’s Realestate lift-out in the Herald-Sun, but there’s no doubt that the numbers are telling us that not only is demand from buyers continuing to grow, but it’s now at a level that matches what we were experiencing in the Spring market last year!

In case you missed it, our network was able to achieve 815 successful property sales for happy vendors last month, despite the restrictions and the negativity that so many members of the media were promoting.

Whilst that number is certainly a pleasing one for everyone with an interest in the real estate market, what was even more interesting was the fact that this was the same number of sales that our group achieved in October of 2019!

Clearly the market has rebounded strongly since the restrictions on property inspections were lifted, and we saw more recent examples of this strong demand at a local level in recent days, including:

Airport West: 2/16-20 Laurence Avenue. This fully renovated two-bedroom unit located just around the corner from Niddrie Primary and Essendon Keilor College enjoyed a strong mid-week sale at $537,500.

Airport West: 3/92 Bowes Avenue. A well-structured Sale by Set Date® campaign saw this architecturally innovative three-bedroom townhouse sell well before the closing date at $782,000.

Avondale Heights: 45 Clarendon Street. Situated just a stone’s throw from the Maribyrnong River and its parklands, this potential-filled three-bedroom home sold for $870,000 after a highly productive off-market campaign.

Avondale Heights: 1 Blackbird Rise. Tucked away in a quiet cul-de-sac in the highly regarded Avondale Park precinct, this substantial four-bedroom home found new owners after a pleasing seven figure sale was completed during the week.

Essendon North: 24 Royal Avenue. A generous four-bedroom floorplan and a substantial allotment of over 830sqm proved an irresistible combination in this potential-packed timber home, with the SOLD sticker going up at $1.55 million.

With results like these you may be thinking of making a move sooner than you may have originally planned, or may simply be curious about what your property could sell for in the current strong market conditions. Either way, feel free to give us a call at Barry Plant Moonee Valley this week on 9373 0000.

Regards,

Bill Karp

Director – Barry Plant Real Estate

Essendon & Keilor East