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Ian’s Real Estate Rant

“From the desk of Ian Barnes. Relevant, topical real estate related opinions, thoughts and perspectives”

September 2016 - Evolution Realty – Evolution Realty

MARKET UPDATE September 2016

September 20, 2016

We see stock numbers down a little at the moment with a flurry of sales, and some early signs of equilibrium returning in the market, albeit still being tight and price sensitive. Buyers want value. We are seeing interesting times in the local market right now, and we are selling plenty and adapting in these interesting market conditions. The tried and tested wisdom is that...

The Importance of Price in a Tight Buyers Market

September 1, 2016

The market is very price sensitive at the moment. Time and time again we see properties sit stagnant whilst the buyers grapple with getting the best value they can find. When a property is priced 10% or more above what buyers think is fair market value, usually the property will not only not attract offers, but probably the wrong buyers are viewing the property. As...