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Homebuyers hit the ground running

Given the high levels of pent-up buyer demand we have been reporting throughout 2021, it was no surprise that we saw the real estate market in the bayside suburbs go from a lockdown-enforced ‘mini break’ to a flood of activity in the space of 24 hours this week.

As we forecast in LAST WEEK'S UPDATE, the phones started ringing and the email enquiries started landing in our in-boxes on Wednesday as soon as the end of the latest restrictions was confirmed, and they haven’t stopped since. This demand from buyers has produced some impressive turnouts at our Open Houses, and some terrific sales results for happy vendors.

A prime example of this involved Saturday’s auction of an unusual single-level villa in Frankston located within a few minutes’ walk of Heatherhill Road shops, buses, and Kingsley Park Primary School.

Offering plenty of appeal for young families as well as downsizers, 20 Hilltop Mews (pictured) featured a smooth flowing floorplan with three bedrooms and floating floorboards that connected the large living and separate dining areas. Entertainers were also impressed when they discovered that sliding doors opened out to an alfresco dining zone in a secure backyard, along with the double garage.

The auction proved to be a telling example of what the current high levels of buyer demand are doing. Under the skilled guidance of auctioneer Tony Larkin, the bidding soared well beyond the ecstatic vendor’s reserve price before selling under the hammer at a remarkable $550,000, which as a full $70,000 or close to 15% above expectations!

Of course, results like this don’t just happen by themselves. If you are considering selling in the coming months and would like to discuss the best ways to maximise your own sales result, you can give the team at Barry Plant Frankston a call this week on 9781 3100 for obligation-free advice.

We look forward to being of assistance.

Regards,

Barry Plant Real Estate

Frankston & Cranbourne