Market Report Quiet month? Not for N G Farah

There is no doubt that July is the quietest month of the year in regards to new properties coming on the market. July 2011 is showing no difference compared to previous years. There is a limited amount of quality properties for sale. This is mainly due given the following: it is the middle of winter, school holidays have just commenced and most families take this opportunity to escape the cold weather and travel north.

The drastic shortage of stock during the winter months creates a large build-up of buyers, with strong pent up demand, searching for properties on the market. This means that there is less competition for properties, consequently buyers have less choice.

One thing is for certain, vendors who put their properties on the market in July are most definitely motivated to sell. This often leads to high clearance rates at this time of the year.

On Tuesday 23rd August 2011, N G Farah will be conducting a unique auction event comprising of apartments throughout Sydney´s South East. This is a great opportunity for any vendors who are considering selling their apartment in Coogee, Randwick, Kensington, Kingsford, Maroubra, Matraville, Hillsdale, Eastlakes, Little Bay and surrounding suburbs.

The advantage for the sellers is that the advertising has been discounted for this unique event. More importantly buyers will have the greatest choice of apartments to choose from, which will lead to more buyers inspecting the properties.

At present unit sales are very strong across the Eastern seaboard. This result being a combination of affordable prices, high rent being achieved in Sydney´s South East and the constant demand from buyers looking to buy their first home or investment property.

To date, the result of the auction clearance rate for the N G Farah group has been in excess of 75% for 2011. If you are thinking of selling your property, think N G Farah.