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Latest numbers add to vendor confidence

Real estate & property news
23 May 2020
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If you’re someone who likes to stay up to date with what’s happening in the local property market, you’ll already be aware that our sales results in the City of Frankston in recent months are confirming what many property insiders have been saying lately…that the real estate market in Melbourne’s bayside suburbs has been far more active than many people realise.

This is particularly the case if they have fallen for the trap of believing some of the misguided scaremongering in the media over the past month or two.

So, if you missed the latest news that the Barry Plant group published on the back page of the Realestate lift-out in this Saturday’s Herald-Sun, (May 23rd), it’s worth noting that our network successfully sold 405 properties during the month of April.

That’s right, despite all the disruption caused by changing rules on Auctions, Open Houses and property inspections that occurred during April, our group assisted over 800 buyers and sellers to achieve their property goals and to move on with their lives.

That’s a statistic that all of the team at Barry Plant Frankston are immensely proud of, particularly when it occurred in a market that so many people assumed had slowed substantially, or even ground to a halt! Clearly it hasn’t.

As we have reported in recent weeks, market activity has been steadily increasing since early April. In fact, our team at Barry Plant Frankston negotiated four successful sales in the past week alone, with prices ranging up to close to $700,000, whilst attendances at this weekend’s Open Houses were close to double those recorded just one week before. The REIV’s interim auction results for this weekend showed an 81% clearance rate as well, so the numbers all look very positive right now.

It is important for buyers to be aware that more than 10% of local sales are being negotiated ‘off-market’ in the current climate. So make sure that your agent has full details of your property preferences and contact details, so that you don’t miss out on a property that might never make it to the internet.

Of course, for those readers who love the lifestyle benefits of living in this area, the good news is that we will start seeing several local restaurants and other venues opening their doors in the next week or so…great news for anyone who has exhausted their home cooking repertoire!

Remember, if you are currently weighing up whether now is the right time to make a move, and you’d like to know more about the best way to maximise your result in the current market conditions, you can give the team at Barry Plant Frankston a call on 9781 3100.


Barry Plant Real Estate

Frankston & Cranbourne

Real estate & property news
23 May 2020
Save Article

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