- Mar 24, 2011
- AFL Club
- North Melbourne
that old stock thats really "for sale if anyone is desperate enough" is common at any coastal town, we recently sold a place we had at loch sport but the dynamics have really changed there, 5 years ago there were literally 100 properties on the market at any given time, when we listed our place the agent said she literally have 9 properties, ( 2 were vacant blocks) on her set and said 4 of those were long term overpriced places. our property never even made it to the internet and we had a contract in 8 days. dont think there has ever been a nicer time to be a real estate agent.Indeed. Not much left in the market, including a lot of old stock that had been for sale FOREVER - we’re talking 10+ years.
It does make it tricky though to get an accurate idea of prices in the midst of the craziness though and where it’ll eventually settle.