Mona Vale Blog

Before we dig into what makes spring such a prime time to sell your home, we are pleased to provide you with our latest monthly market update...

September Market Update - Northern Beaches

As the traditional spring selling season begins, the Northern Beaches property market is showing clear signs of a robust comeback. According to Raine & Horne’s recent data, there was an impressive 18.69% rise in property appraisals across Australia in July compared to June, indicating a bustling market ahead.

With more homeowners eager to sell, property listings nationwide saw a significant 23.49% increase month-on-month. While winter usually sees a dip in property transactions, this year, Northern Beaches homeowners are seizing the opportunity to capitalise on the value growth their properties have experienced over the last year.

In fact, CoreLogic reported a 0.5% increase in national home values for July, marking the 18th consecutive month of growth. This consistent upward trend, which started in November of last year, has led to a remarkable 13.5% increase in property values.

The near 19% surge in appraisals is a strong indicator of increased sales activity on the horizon. Auction clearance rates remain steady, with Adelaide leading the pack at nearly 79%, closely followed by Melbourne and Sydney, both hovering around 60%.

So What Actually Makes Spring The ULTIMATE Selling Season?

As winter's chill fades away and nature awakens in vibrant colours, the real estate market also experiences a reinvigorating transformation. Spring, with its rejuvenating energy and promising prospects, emerges as a perfect time of year for selling your home. In this article, we’ll highlight the compelling advantages of a Spring sale, the picturesque season...

1. Buyer Levels & Open Home Numbers

Knowing the historical flow of properties available in Spring, a significant number of individuals use the spring season to initiate their home search, increasing the pool of potential buyers eager to explore new listings and attend open homes. Why are open home numbers important? The more buyers interested in your property, the more those buyers will have to compete in order to buy (ultimately driving your sale price higher).

2. Strong Sale Prices

During the vibrant spring market, the high buyer activity leads to competition, which can increase the selling price of your home. The surge in demand often sparks bidding wars among motivated buyers, creating an environment where offers exceed the asking price and drive up the sale price of your property.

3. Fewer Days On Market

The improved weather, increased buyer activity, and heightened demand align to attract motivated buyers. Having motivated buyers on your property plays an important role in your property selling quicker.

4. Longer Days

With the increased daylight spring provides, it allows buyers to have more flexibility for viewing and fit more into their days. Additionally, longer days provide more favourable lighting to showcase your property, with an overflow of light from early morning up until late in the afternoon.

5. Curb Appeal Blossoms

Spring is a symphony of blooming flowers, lush lawns, and clear skies. The increased sunlight and vibrant colours showcase your property's curb appeal at its best, leaving potential buyers with a lasting impression of a welcoming and well-maintained home.

Why Home Styling Matters This Spring on the Northern Beaches

In this month’s blog, we delve into the importance of professional home styling to give your property an edge in the competitive Northern Beaches market this spring. Research within the industry consistently shows that styled homes tend to sell faster—within 33 days on average—compared to 90 days for homes without professional styling. Additionally, in Australia, styled properties can achieve 3-6% higher sale prices than their unstyled counterparts.

Investing in home styling enhances your property’s appeal by highlighting its best features, making it a wise investment no matter where your property is located on the Northern Beaches.

By staying ahead of the curve and making strategic decisions, you can make the most of the vibrant spring market. Ready to discuss your property plans? Contact us today on 02 9999 0800 to get expert advice tailored to your needs.