Are property prices close to levelling out?
You may have read that property prices may have reached a bottom. This week I sold a property in the East Coast Bays after only 15 days on the market. The property was sold by Tender.
The Tender date was brought forward following an acceptable offer. There were then 11 offers on Tender Day.
With 23 registered buyers.
Case Study 31st May 2023
Property Listed: 15th May
First Open Home: 20th May
Pre-Tender Offer: 25th May
Tender On-Site: 30th May
Sale Date: 30th May
Registered Buyers: 23
Written Tender Offers: 11
Sale Price: $1,650,800.00
Current CV: $1,630,000.00
Difference to CV: +$20,800
Days on the Market: 15 days
Happy buyers Happy clients
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