What does Spring selling season look like in 2021?

Spring is a season of new beginnings and with longer days, and the warmer weather it has traditionally been Bayside’s prime selling season.

This year looks set to be a little different with lockdowns likely to impact vendors’ willingness and ability to bring properties to the market, at least initially. Despite the current slowdown in transaction activity, previous lockdown conditions have seen a robust recovery in sales volumes and vendor activity. There are tailwinds in place for housing market demand to suggest this may happen again.

In Victoria, the rise in new supply of properties for sale is likely to come later into spring. This could see elevated transaction activity through the summer of 2021/2022 should restrictions be eased by then. Prices have continued to defy COVID-19 lockdowns during the past 18 months, with Sydney surging more than 18 per cent, Brisbane around 16 per cent and Melbourne just over 10 per cent, according to CoreLogic. Nationally, house prices have risen by more than 14 per cent during the first seven months of the year. Spring-Summer will provide a fantastic window of opportunity while stock levels are still relatively low, and demand to purchase becomes more competitive.

For those looking to sell and take advantage of the current market condition, this can be effectively managed with a Virtual Property Appraisal.

But what is a virtual property appraisal? Simply put, it is a video call where you take an agent through an online walkthrough, much like if they were physically in your home. The agent will then assess your property and other factors before providing you with an appraisal report. Our virtual services are allowing us to operate efficiently and help clients buy or sell despite the conditions.

If we can be of any assistance please do not hesitate to get in touch with us today!