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The results tell the story

If you’ve been following these weekly Updates for any length of time you’ll already be aware that the forecasts of ‘doom and gloom’ that we were seeing when the pandemic first began to impact on the Melbourne property market were proving to be a long way off the mark.

As I pointed out in a post JUST A FEW WEEKS AGO, property prices in Melbourne have remained remarkably resilient over the past 12 months despite all the uncertainty we’ve been seeing during 2020.

However, when it comes to monitoring the performance of the property market there’s nothing quite like first-hand data to provide real certainty. So the figures we published on the back page of this weekend’s Realestate lift-out in the Herald-Sun would have given local homeowners lots of reason for a lift in confidence as we head towards the end of a year unlike any other we’ve experienced before.

In case you missed it, I’ve included a snapshot of the full-page announcement in the image above. It confirms that in the month of October this year, the Barry Plant network successfully sold 815 properties for happy clients. That’s despite the restrictions that were impacting on the way we did our job throughout the month, and the negativity that so many sections of the media were pushing throughout that period.

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 the same month in 2019! This demonstrates that the market is recovering strongly, particularly when you realise that our group’s auction success rate is around the 80% mark and that so many of our vendors are achieving results that are exceeding their own expectations.

With results like these you may be thinking of making a move either now or early in the new year, 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 Thomastown on 9466 3233, or call me personally on 0418 331 741. We’d be only too happy to assist.


Con Constantinou

Barry Plant Thomastown