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It is becoming the norm.

Properties that are priced competetively and coupled with strong promotion, are receiving offers in the first 3/4weeks.

Having conversations with clients in the market at the moment, it seems that there isn’t enough stock in the under 350k mark, however an over-supply in the 400k+ category. I believe this has alot to do with the impact land releasing and building has on the existing home market. Offering an alternative.

There are some people that simply do not want to build, and others that would prefer to do so. Its all about location. Where you would like to live.

Due to low interest rates, and low supply in the under 350K price range, 50% of our sales at PRD Tamworth are to investors in the market.

More info? Call anytime – 0411 544 603

This entry was tagged as: #TamworthNSW #realestate #property #PRDnationwide #MarkSleiman

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The real estate market in Tamworth has neutralised.

There was a shortage of properties offered for sale last year in most pricing sectors; however with the boost of last years sales/prices, more properties have come onto the market.

This change has levelled out the supply/demand ratio.

It has now become more competitive if your a seller, and more choice as a buyer.

There are still on average 110sales per month in Tamworth (residential).

So if you are thinking of selling, if you are priced correctly within 5% of the market value, and you have a strong marketing campaign, you will be sold in a reasonable timeframe.

Questions? Mark Sleiman on 0411 544 603

This entry was tagged as: Tamworth NSW Real Estate Market Update 2015

2015 is predicted by many professionals to be the best year for real estate EVER

With jobs being developed in Tamworth as we speak, constant upgrades to infrastructure & the economy improving, the real estate market has followed.

Properties for sale are low, and the average sale price has now shot up to over $300k in Tamworth! (Traditionally has sat at approx $268k in the last few years).

Any questions, please feel free to contact me or any of the friendly staff at PRDnationwide in Tamworth.

This entry was tagged as: 2015 Real Estate Sales Tamworth NSW 2340 Mark Sleiman

The last 6months in Tamworth has been the busiest this town has seen in 4years.
Analysists are suggesting the real estate market will slow down in 2015, as the market stalls due to increased prices, and buyers no longer able to afford paying the prices.
Local market conditions suggest is has levelled out a little in the Tamworth Property Market, but is certainly far from stalling.
dProperties on the market that are priced correctly, seem to be selling within the first 6 weeks.
If a property is priced at a much higher level than market value, buyers will seek others in the area.
With good research, good marketing & a reasonable price – Properties will sell, and achieve an excellent result in a reasonable timeframe.
As for the predictions of the future, I wouldnt worry about what the international analysists say about our marketplace. If a buyer loves a home, and it is well priced, it will sell!

This entry was tagged as: 2014 Real Estate Prediction Mark Sleiman Tamworth NSW