Buyer numbers surge to record levels
The number of buyers actively looking to purchase a home in Brisbane’s inner-western suburbs in 2021, has risen to record levels.
In almost 20 years of working in real estate, we have never seen buyer activity as high as it currently is. Open home numbers are upwards of 50+ attendees and properties are selling in less than a week.
Buyers are eager to see properties before the first open home, as they know they will be joined by a queue of 60+ other house hunters. They are often prepared to make an immediate decision on the property, for fear of missing out on yet another home.
In this market, it is not uncommon to have multiple offers presented to our sellers within the first few days of the home being launched to the market.
Here is what we are seeing in the property market right now.
6B Elizabeth Street, Toowong
- Sold for $885,000 in February 2021
- 66 groups through the first open home
- 9 offers in 48 hours
- Sold in 5 days
75 Carinya Street, Indooroopilly
- 110 groups through the property in the first week
- 4 offers
- 7 days on market
- Currently under contract
14 Annerley Street, Toowong
- Sold for $1,150,000 in February 2021
- Record sale price for a 3 bedroom house in Toowong
- 142 inspections
- 4 offers
- Sold in 16 days
17 Strathspey Street, Kenmore
- Sold for $835,000 in February 2021
- 33 groups through the first open home
- 61 total inspections
- 2 offers
- Sold in 15 days
90 Sylvan Road, Toowong
- Sold for $861,000 in February 2021
- $41,000 above the advertised price
- 37 groups through the first open home
- 52 total inspections
- 4 offers
- Sold in 4 days
Brisbane’s housing shortage
This exceptional level of buyer activity is being spurred on by a lack of homes for sale in the area.
Four years ago, we were beginning to see a shortage of housing supply in Brisbane’s inner-western suburbs. However in 2021, this has become even more apparent.
More than ever, buyers are actively reaching out to our agency to see if a suitable home might be coming on the market for sale. This behaviour certainly supports that demand from buyers is definitely outweighing the supply of homes.
If you had been thinking about selling in 2021, now is the time to take advantage of the record number of buyers in the market.
Match a buyer to your home
Would you sell if we could introduce a buyer to your property? Here is a list of buyers with their unedited requests who are currently looking to buy in your area.
If you think your home would suit one of these buyers, we could simply introduce them to your property, without the expense of marketing or the intrusion of open homes.
Contact Byrony on 0412 132 480 to find out if we can match a buyer to your home.