We saw another outstanding example this week of the benefits that vendors can enjoy when they utilize the network of opportunities that the Barry Plant group provides. Unlike many other real estate networks, every salesperson in every Barry Plant office has the opportunity to introduce buyers to every property listed by a Barry Plant office. This provides our vendors with additional exposure to more buyers, and this week provided another example of why this is important. Our team was asked to market a property with development potential in Keilor this week, with the vendors asking that the campaign be conducted “off-market” with no advertising or a board. By utilizing the Barry Plant network, our team was able to introduce a builder from outside the area, point out the benefits that this property offered, and secure a strong sale above $1 million within 24 hours of it hitting the market! And that’s just one example of the difference that our network can provide local property sellers. Among our recent results, (including yet another 100% auction success rate today), were:

• Avondale Heights: A run-down 3-bedroom timber home on 596 sqm of land in popular Macey Street attracted the attention of several builders and developers, producing an excellent sale at $850,000.
• Essendon: An over-sized 2-bedroom apartment in a small block of six in Balmoral Street, had first home buyers and investors lining up to become the new owners today. A short sharp auction left some buyers unable to get a bid in, with the end result exceeding our happy vendor’s reserve price when the gavel fell at $440,000.
• Essendon: A prime location opposite Buckley Park certainly added to the appeal of a spotless 2-bedroom home (pictured) in Spencer Street. As a result, four bidders pushed the price well above the vendor’s reserve, reaching $745,000.
• Essendon: Raleigh Street has always been regarded as one of Essendon’s more sought after plantation streets, so it was no surprise that today’s auction of a 4-bedroom family home on 631sqm attracted plenty of interest before selling above the reserve for an undisclosed seven-figure sum.
• Keilor East: As mentioned earlier, an older family home in Fawkner Crescent was sold within 24 hours of listing in a quiet ‘off-market’ sale for a very satisfying $1.185 million.
• Niddrie: A four-year old 2-bedroom villa in a group of three in Haldane Road, a short walk from the shops and restaurants in Keilor Road, produced strong competition between several buyers, resulting in a very strong mid-week sale at $665,000.

The good news for anyone planning on selling in the coming months is that our Open House numbers this week were actually well up on recent weeks, indicating that buyer demand remains very strong indeed. So, if you would like an update on how much more your property could be worth in the current market, don’t hesitate to give us a call. Cheers, Bill Karp Director – Barry Plant Real Estate Keilor East, Essendon & Niddrie