We hope our Berry Property newsletter for August finds you well, if not a little windswept!
Read on to find out about recent local property sales, discover more about the term ‘Days on Market’ and what this means to vendors and buyers, check out some amazing properties currently on the market and find out how we are working for you.
As always, our door is open, and we love to discuss all things real estate so if we can help you in any way, please get in touch.
Belinda Zoumis & Mark Cornish
QUICK STATS – FINANCIAL YEAR TO DATE
A little bit of a look back on the last couple of months with the tally of properties sold in Berry since 1st July 2019:
- 2 vacant residential land
- 4 residential homes
- 1 villa
- 1 commercial
- 5 small acreage
‘DAYS ON MARKET’ – WHAT IS IT AND WHAT RELEVANCE DOES IT HAVE FOR BUYERS AND VENDORS?
Days on Market (DOM) is a real estate term for the total number of days a listing (for an individual property) is on the active market before an offer is accepted. Generally, as the DOM increases, the value of the property on offer decreases due to the perception from buyers than the property is either overpriced or undesirable.
The measurement of Days on Market is a useful tool for both buyer and sellers. For buyers, a high DOM for an individual property, or a region, may mean that a motivated vendor may be more open to negotiating on price.
For sellers, the measurement of the average DOM for real estate agents or agencies as a whole may give you added insight when selecting an agent to represent your interests.
Generally, there are 4 MAIN REASONS why a property does not sell:
• The property could be presented better
• The marketing campaign should show the property in it’s best light
• The price is unrealistic
• Your current agent is not effective
Locally in Berry, there have been a number of properties that have been on the market for a considerable amount of time. While it is true that the real estate market has slowed slightly across Australia in recent months, there is still a marked difference in average Days on Market by agency in Berry NSW. The lowest average is 78 (lowest) while the highest is 187 (highest)*.
So do these numbers matter? We think so, because everybody benefits when a home is sold efficiently and effectively.
*Figures have been obtained from Domain.com.au and are current at the time of publishing.
NEW TO MARKET – LUXURY LIVING
New to the Berry property market, this beautiful off-the-plan architect-designed home offers a great opportunity for an astute buyer.
The split level design features 4 bedrooms, 3 bathrooms, separate lounge, study, rumpus room plus an exquisite open plan living area with views to Coolangatta Mountain. A large upper-level deck and a lower-level entertainment area offer flexibility for everyday living or entertaining.
This custom-built home will feature quality craftmanship by Cooback Designer Homes and high-quality finishes throughout.View Properties
WORKING FOR YOU
You may know what real estate agents do, the nuts and bolts of our job are fairly obvious. However, alongside the practical side of our job representing your interests well, it is imperative to us that our service to clients reflects our core values: communication, respect, transparency, empathy and effort.
Our office has instituted our own code of conduct, specifically ‘Real Estate Best Practice’ to ensure that we not only meet, but exceed, our client’s service expectations.
If you would like a copy of our Real Estate Best Practice or would like to know more about what we do, just give us a call on 0428 555 218.
Be blown away by this incredible 35-acre vacant block in Foxground featuring exquisite north and north-west mountain views.
This property offers the best of both worlds; boasting space and privacy while shops, schools and services are within easy reach. Just 10 minutes drive will find you on the sparkling South Coast beaches of Gerringong and Gerroa, while a 15 minute drive will take you to the thriving village of Berry, known for its café culture and shopping.
Accessed via a private road, this property has access to power and a shed onsite.View Property
PRIVATE OASIS – LARGE BLOCK IN TOWN, BUT A WORLD AWAY
This vacant one-acre (4,430 sqm) block of land in Berry has a north-west aspect with uninterrupted rural, mountain and bushland views. Offering privacy and tranquillity, you will feel miles away whilst conveniently located on edge of the Berry township – just a 5 minute drive to the village centre.
The property has access to all town services including underground power, water, sewer & NBN.View Property
Thank you for reading our newsletter. We hope you find the information we provide valuable and we look forward to helping you find your dream Berry property!
Belinda & Mark
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