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Adelaide Property Market Update: Huge Spike in Listings

Archive for February 2022

Adelaide Property Market Update: Huge Spike in Listings

When it comes to buying and selling property, timing is everything. Adelaide’s property market has recently experienced a huge spike in listings, which means that the time may be right to sell your property or list one of your homes if you are planning on moving soon. These trends can help inform you about what’s going on in the property market and how you can take advantage of these opportunities to make sure that you get the most money possible for your property.

The local Adelaide real estate market is booming

Not only have home sales doubled over last year, but listings have spiked too. It seems everyone is ready to jump on board—or get a piece of that action! If you’re looking to invest in property, Adelaide real estate could be your next step. So, what do you need to know about getting started? 

There’s been a huge spike in property listings in Adelaide and prices are going up to the roof. This doesn’t mean that your home is worthless, but it may mean you should sell sooner rather than later. Our team at Onyx Realtors are experts at pricing properties correctly—we can help you decide what price point to list your home for and advise you of any necessary improvements to make it more attractive to buyers.

Improve Your Home Appeal

If you’re ready to put your home on the market, it makes sense to be a bit proactive about improving its appeal. Start by decluttering. You may be tempted to hold onto items because they’re special—but if your stuff doesn’t add value or meaning to your life, you should let it go. Clear off countertops and empty bookshelves; make sure storage areas are neat and organised and get rid of clutter wherever possible.

So How Do I Sell My Home Now?

If you live in Adelaide and are thinking about selling your home, then now is a great time to do so. The real estate market has seen a huge spike in property listings, which means now’s a great time to get top dollar for your home. Whether you’re considering selling or just want to know what current conditions are like for potential buyers, there are some things you should know about the Adelaide property market.

Sellers are making buzz in real estate market in Adelaide

Sell your home Adelaide – this phrase can be seen everywhere in the media in the last few months. So why are so many property owners deciding to sell their homes? Are they afraid of the consequences of owning real estate after the changes to negative gearing and capital gains tax, or do they just want to finally cash out? And what about all these For Sale signs, do they mean that property values are falling or that the housing market is picking up? We look at some recent data, as well as some important factors you should consider when selling your home in Adelaide.

There are many reasons why people decide to sell their home

it’s too big, too small, they need to downsize or they’re simply tired of it. But what is causing more and more people to put their homes on the market in Adelaide right now? It could be one of three key factors. They could be selling up because… as the rise in the interest rate will impact negatively on some homeowners, the expected prices would be difficult to achieve. Slowly the market will turn from panic buying to panic selling.

The property market in Adelaide

The property market in Adelaide has seen a significant boom in sales activity. This is due to various factors including low interest rates, population growth, and high employment, which have increased buyer confidence. Real estate prices in Adelaide have climbed up and views per listing have increased by a whopping 58 per cent, making it one of Australia’s strongest capital cities for price growth.

A motivated seller and buyer can save thousands on a property transaction

Though you may think that a motivated seller and buyer will be bidding against each other they can help each other out by improving their offers. There is no perfect time to sell your property. You can put it on sale now or next year; people need a place to live now, regardless of seasonality.

What are you waiting for, move quickly to take advantage of all the great deals available now?

If you have been thinking about selling your home, now is a great time to do it. Why? Well, it’s always a good time to sell if you have an active buyer market such as Adelaide. At present, there are over 400 buyers registered on our platform and we expect those numbers to keep growing. That means hundreds of potential buyers waiting for homes for sale in Adelaide – just like yours!

More number of homes listed for sale in Adelaide Property market 2022

Adelaide property market sees more homes on the market.
A new report shows Adelaide property market sees more homes on the market. The number of listings has risen whopping 34.21 per cent gain. This might indicate that selling your house in Adelaide may be easier than ever before and this is nothing like we have seen before. What do you think about this? Do you think it means more people are selling their houses to buy new ones? Do you think it means more people are selling their houses to move interstate or overseas?
The total volume of sales this quarter approached 8,000 which is an extraordinary result for South Australia.

What’s happening in the Adelaide housing market?

According to the report, number of new properties listed for sale on realestate.com.au were up 49.4 per cent, month on month, in January 2022, which is above average in recent years. There’s a lot of demand for properties under $1 million – we’re seeing first home buyers back in the game, looking at those entry-level properties close to jobs and schools.

What does this mean for sellers?

With no lockdowns on the immediate horizon, selling conditions are likely to remain strong over the next few months. The increase in listings can be attributed to the fact that homeowners are very keen to sell given the price growth.

Why are we seeing an increase?

The Adelaide property market is seeing an increase in sales due to a number of reasons. First, there are a lot of interstate buyers who have already purchased and relocated, and they’re coming back to Adelaide to purchase another home as an investment while they live at their overseas residence. As per the realestate.com.au, House-hunters across Adelaide had more options in January this year compared to last with an increase of 10.2%. The local house prices are increasing and pushing the boundaries but people are still interested and that’s a really amazing news in terms of economic development and future planning.

So, you’re considering selling your house and want to know the best time to do it?

How do you choose the best time to sell your house? How do you predict the property market? Should I sell my house now or wait? Who are the property experts in Adelaide? These are just some of the questions you might be asking if you’re considering selling your home and want to know how to make the best decision possible.

Should you buy that investment property this year?

There’s never a bad time to buy real estate. The question is whether now a good time for you is. Historically, property in Adelaide has always had its ups and downs, but if growth over long periods of time continues, we also see increase in price for rental property in Adelaide – there’s no reason why 2022 should be any different. It’s also worth noting that Adelaide property prices have been growing strongly.

What are experts saying about the property market?

The property market can be a fickle thing, but there are Adelaide house prices trends that will continue in 2022. Adelaide is growing in popularity, with several projects underway to bolster both residential development and employment opportunities, houses for sales Adelaide will increase this year. If you’re thinking about selling your home, now might be an opportune time! But what does all that mean for property prices in Adelaide?

Will it be a buyer’s market in 2022?

Remember property prices are cyclical, meaning they’re likely to be very different in 2022. But just because there will be a lot of buyers for sellers’ houses doesn’t mean it will be a buyer’s market. It is still reasonable time in Australian housing market that the houses for sale Adelaide will touch its peak before it becomes stagnant next year. Effectively this is time to align your real estate goals that step into the market.