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Bayside market set for a big new year

There’s no doubt that the arrival of the new year on Friday produced a sigh of relief from just about everyone in Melbourne, as we were all more than happy to see the finish of a year unlike any we’ve experienced before.

The good news for anyone with an interest in the bayside property market is that not only did the year finish on a high note, (exceeding the expectations of most observers), but the outlook for the start of 2021 seems particularly positive as well.

In fact, buyer activity in our area continued right up until the office closed for a short break over the festive season, and given the high number of buyers who were not able to secure their next home in December, we are expecting the property market next week to pick up where it left off a few weeks ago, which will provide an exciting opportunity for anyone keen to sell in 2021.

Here’s an outline of some of our results from the pre-Christmas period:

Frankston: Beach Street. Providing an affordable entry-level opportunity in the Frankston High School Zone, this two-bedroom unit (pictured) provided an early Christmas present for one happy first home buyer in selling for $390,000.

Frankston: Hilltop Mews. A mix of first-time buyers and downsizers showed interest in this low maintenance three-bedroom home before the contracts were inked at $494,000.

Frankston: Sassafras Drive. Conveniently positioned for easy access to Karingal Hub, this renovated four-bedroom home sold for $610,500.

Frankston: Royle Street. A tasteful blend of traditional and contemporary styling proved popular in this accessible three-bedroom home, with the SOLD sign going up at a competitive $611,045.

Frankston: Ince Court. The extra lifestyle benefits of a big block of around a third of an acre in the old scale saw the keys change hands here for just over $900,000.

Frankston South: Fulham Close. A quiet court location enhanced the appeal of this renovated four-bedroom home, resulting in a strong mid-week sale just before the holiday break.

Frankston South: Picnic Street. Access to quality schools made all the difference in the strong sale of this potential-filled three-bedroom brick home.

Langwarrin: Beech Street. A leafy residential neighbourhood made an attractive setting for a modern single-level four-bedroom home, with immediate interest seeing this one sold for $762,000.

Remember, with so many buyers keen to purchase as soon as possible, January is likely to be an ideal time to have your property on the market, (with less competition from other sellers), so feel free to give us a call this week at Barry Plant Frankston on 9781 3100.

Cheers,

Barry Plant Real Estate

Frankston & Cranbourne