Strong start to 2011
OMatt Powe of Powe Property says the new year is off to a great start for this region based on the past two weeks. NE Cairns real estate agent has a lot to smile about – a record year in sales and six houses have already sold since the beginning of January.
Matt Powe of Powe Property is confident that 2011 will shape up to be a superior year for the region if the past two weeks are anything to go by.
Despite a gloomy real estate market in Cairns last year agents at Powe Property smashed their 2009 sales record by nearly $ 6 million.
“ The office sold $ 48.8 million from 140 sales, compared to $ 42.8 million in 2009. This record eclipsed the previous one from 2009 by 14 percent,” he said.
“ The volume of sales for the office can mainly be attributed to
besterc@ tcp.newsltd.com.au the efforts of Ben August and Clint Smith who beat their previous personal records by more than 50 percent of the volumes recorded in the previous year.
“ This is the third consecutive year that the record has been broken. We have had a strong start to the month with six sales in the first week back from the Christmas and New Year break.
“ This is a strong start to the year and bodes well for the first quarter of 2011.
“ This week alone we sold a house at Freshwater in the high $ 400,000 price range, which was only on the market for a week. The results from the office show that in any market you can deliver great results with the right formula.
“Whatever the market, an agent has to remain focused on the factors they can control and block out any other negative influences. We have proven that a good property, well presented and marketed, always finds a buyer.
Cairns Property Office principal Greg Moule backed up Mr Powe’s figures with their city office and Redlynch offices signing 31 contracts in December, which averaged out to be one contract per day, and recorded $ 8 million in sales.
Mr Moule said this figure was the best December recorded for Cairns Property Office.
“ The activity surprise,” he said.
“December is a funny month traditionally we see sale activity in the first two weeks of the month and by around the 15th or 18th buyers slow down but this year the sales continued through up until Christmas Eve.
“ This is a good indication of the people coming to town and investment that’s happening.
“ The first week of January was slow but this week we have had four or five sales so it’s continuing to a point.
“We have had a strong interest from people out of town.
“ This week we have had two or three contracts from Darwin so people are seeing the opportunity here now.”