Manor Castle Hill

MARKET UPDATE The beginning of 2020 followed on with the strong market conditions of the latter half of 2019 with Manor achieving our biggest month on record in February with a total of $75 million worth of sales. Soon after, the COVID-19 pandemic unleashed its fury on the economy and as a result, the market conditions shifted. Within a matter of days we experienced vendors and purchasers disappear from the market due to job loss and fear of the unknown future ahead. Fast forward to May, we began to see some normality and calmness return, home owners saw an opportunity to list in a market with little competition and unaffected purchasers returned in droves. In the space of two weeks we experienced a 30% increase in open home attendees due to easing of social restrictions and rules surrounding open home practises. As social restrictions continue to be lifted, we are experiencing a high demand for properties from potential purchasers. Due to the stock levels remaining relatively low, we are starting to see prices return to those that were achieved prior to the pandemic much sooner than expected. We are predicting an influx of properties to come on the market in spring which may result in a loss of the benefits of listing in the current market conditions. If you have been thinking about making a move, please don’t hesitate to contact me. MARKET UP TE The begi ning of 2020 followed on it t str r t iti s f the latter half of 2019 with Manor achieving our bi gest month on re r i r r it t t l f 75 illion worth of sales. So n after, the COVID-19 pandemic unleash its f r t s r sult, the market conditions hifted. Within a matter of days we experie rs is r fro the market due to job loss and fear of the unkno n futur . Fast forward to May, we began t s s l s r t rn, ho e owners aw an o portunity to list in a market wit li tle t r sers returned in droves. In the space of two w eks we experie i t e s due to easing of social restrictions and rules su roundin o A social restrictions continue to b lift , i i ig and for properties from potential purchasers. Due to the st k l l r i i l ti l l , are starting to se prices return to those that were achieved prior to t i r t x ected. We are predicting an influx of properties t t rk t i s ring which may result in a loss of the benefits of listing in the current market c n iti s. If you have been thinking about making a ove, l s on’t hesitate to contact me.