CReal estate agents like Rick Szelpuk (above) have seen the number of viewers at open homes double so far this year. This unit had 17 groups go through it on Saturday. AIRNS real estate agents have regained confidence that the market is strengthening after the number of potential buyers walking through open homes has nearly doubled in recent weeks.
Real Estate Institute of Queensland regional chairman Rick Szelpuk says the number of buyers attending open houses was not a record but a “ remarkable” increase.
Mr Szelpuk said proof of this was a Lake St apartment, on the market for $ 389,000, that had 17 groups of people walk through last Saturday with an outcome of two “very interested” buyers.
“The numbers are a huge improvement from what we were seeing in October, November and December,” he said.
“Traditionally the first three months of the year is quite strong – people who have been waiting for the festive season to finish are now looking or selling, then we’ve got the influx of people who have relocated to the area, as well as the everyday real estate business that’s around all year, but it’s very encouraging to see that tradition has been carried into 2011 considering the market place in the last two years.
“ Seeing people going open homes and buying very refreshing.
“Things seem to be moving and it points to recovery.
“It proves the market is not to is going to keep doing south and now is the best time to buy as it’s going to gradually go up.”
Les Freeman Real Estate principal Arran Faithfull says last Saturday alone double the normal number of buyers were out and about looking.
“ This week we saw numbers in open homes more than double from what we were experiencing from November and December,” he said.
“ The results have been one signed contract and four more good offers which we are in process of negotiating as of this morning ( Wednesday). It has been proved that if properties are priced correctly then they are going to sell because there are more qualified buyers hunting on the market at the moment.
Ray White Cairns Beaches Paul Stirling said there are a variety of buyers in the Cairns market but most buyers are buying for lifestyle.
“People are shopping out there in this market and they are shopping quite aggressively,” he said. “ There has been an increase in houses on the market and the number of people walking through open homes compared to the later mouths of last year.”
LJ Hooker Edge Hill principal Ross Moller said while numbers were good but they were not yet strong.
“I would say there are more people looking which is normal for this time of year,” he said.
“ Normally next month once kids go back to school it will get busier.”