The Tipping Point

September 7, 2016

 

There is a place, a tipping point in a real estate cycle where supply has evaporated and when the demand is so strong that often people who offer their homes for sale are knocked over by the offers they receive for their property.

3 factors are critical in maximising the price of your property in this type of market;

1. Choosing the right agent
2. Building competition through auction or with great negotiation skills
3. Recent strong sales in the area around your property

Right now all over the Byron Shire and the Northern Rivers demand far exceeds supply and I have not seen the real estate market in this place for more than a decade.

Historically this type of seller’s market lasts for a period of months. We have just had the best winter selling season in our company’s history and I suspect the spring of 2016 is about to break records and set people talking about record prices.

If you are someone who is waiting to pick THE best time to sell your property, right NOW is that time – it doesn’t get any better! Below are some recent record sales for your perusal. Click on the links for more information.

Regards

Chris Hanley

Recent Sales 

60 Carlyle Street, Byron Bay
Sold at auction for well over reserve

24 New City Road, Mullumbimby
Sold at Auction $115,000 over reserve for $900,000
Advertised Auction guide price: $715,000 to $785,000

3 Jacaranda Drive, Byron Bay
Sold at Auction for $706,000
Advertised price guide: $630,000 to $680,000

12 New City Road, Mullumbimby
Sold at Auction for $758,000
Advertised price guide: $595,000 to $650,000

5 Mott Street, Byron Bay
Sold at Auction for $1,010,000
Advertised price guide: $950,000 to $1,000,000

225 Broken Head Road, Newrybar
Sold in 3 weeks by private treaty
$1,250,000

18/33-35 Childe Street, Byron Bay
Sold by private treaty
$1,000,000

17 Scott Street, Byron Bay
Vacant land
Sold at Auction for $1,270,000

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