John and Sue Butler at their Dutton Terrace, Medindie home which is being auctioned this Saturday. Sept 3, 2020. Picture: Brenton Edwards
The state’s peak selling season officially kicks off today, with SA homebuyers springing into action and hopeful sellers shaking off their winter doldrums.
Harcourts Packham director James Packham says a slower winter market and low listings boded for a strong start to spring.
“Suppressed stock levels and steady demand has meant that great prices are being achieved, and many homes are spending far less time on the market,” he said.
“Prevailing market conditions are bringing out the most genuine and motivated buyers that we have seen for some time.
“Many of our clients are speaking to us about escalating their plans to sell before the full effect of JobKeeper’s cessation can be felt, to give themselves the best chance of achieving a premium price for their home.
“The advice we are sharing with our clients is simple – if you have any intention of selling your home in the next 12 months, you need to be engaging a professional now to help navigate the waters ahead.”
Real estate agents are gearing up for a big spring after coronavirus stalled the autumn and winter market.
According to the latest Valuer-General’s figures for the June quarter showed Adelaide’s market performed strongly, Adelaide’s metro house value have held steady over the past quarter – dropping just 0.52 per cent to $477,500 – a strong performance considering the havoc wreaked on the industry by coronavirus lockdowns.
Metro home values also coincidentally dropped by the same amount on the same quarter last year. Statewide, the median house value climbed by 0.47 per cent over both the past 12 months and quarter to $432,000.
According to realestate.com.au data, there are currently 6362 private treaty properties on the market, and another 156 scheduled for auction.
Of this total, 663 launched just this week.
Williams Real Estate agent Hamish Mill said the market is active and spring looked set to be strong.
“These are very exciting times – we are very busy and the market is running red hot right now as we go into our busiest time of the year,” he said
Mr Mill said auctions were delivering good results and expects enthusiastic bidding at a 33 Dutton Tce, Medindie villa he is auctioning this morning.
“As with a number of auctions I’ve held recently, we have several registered bidders and I’m expecting to see fast and spirited bidding,” he said.
John and Sue Butler are selling their Medindie home through Mr Mill and said they were confident the time was right to sell.
“We thought spring time was the best time, especially with the uncertainty during the coronavirus period,” Mr Butler said.
“The market looks like its held up well in terms of price and people still seemed to want to buy and we thought it was worth having a go.
“We’re hopeful it sells and, with the pool, it would be a great home for someone to enjoy throughout spring and summer.”
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