Methven Croydon

2 Croydon Road Croydon

03 9725 0000

Methven Lilydale

111 -113 Main St Lilydale

9735 0000

Methven Mooroolbark

46-52 Brice Avenue Mooroolbark

9726 8888

Methven Mt Evelyn

1 Wray Crescent Mt Evelyn

9736 3999

Professionals Marysville

1/20 Murchison Street Marysville

03 5963 4491

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Monthly Market Report with Greg Earney – edition 7

22 Mar 2014 Methven 0 Comment

Market report image

The market is still booming, continuing the strong start to 2014. In the last month we have sold 89 properties, with the average time spent on the market just under 50 days.

Our recent sale of 47 Belfast Road, which was on the market for over $1,500,000, shows that there are buyers at the higher end of the market, and the intensity and activity at the lower end is demonstrated by the fact that 17 of our 21 sales in the last week of March were priced under $500,000.

There are no signs of the market letting up at this stage. Some people have forecasted that the market will continue like this throughout the year, and others are thinking it will begin to ease up around June. The Reserve Bank is keeping interest rates at the same level, but continuing job cuts could be a concern in how they impact on the market.

Exciting news for Mooroolbark is the proposed revamp of our train station. Congratulations are in order for Liam Jackson, Director of our Mount Evelyn office, who has now achieved a successful 10 years in sales. Jim Dunkley, as well, achieved his best sales month and best quarter in his time at the Professionals of around 9 years.

The market now is as good as it gets but it will not continue like this forever. If you are looking to do something, it’s best to look at what the market is doing now, as it is anyone’s guess what it’ll be doing later in the year.

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