2004 So Far…
The year of 2004 so far has been an incredible period with all property owners
seeing impressive gains in their real estate worth. However, there are signs
that demand is slowing as buyers step back from the euphoria and a more realistic
and analytical mood takes over. We see this as a good thing, as a balanced
market is a far better market for all parties. We hasten to add that this change
does not necessarily imply a “bust” either.
So what does the future hold? The good news is that even with many uncertain
economic factors apparent & an election looming later in the year, I can’t
see any sign of a major decline ahead. Whilst we don’t foresee the heat
of the past few years, all the indications (including the strong results that
we saw at the end of 2003), would indicate that the most likely scenario is
one of a more balanced and steady year in 2004. With the most seasonal home
selling period upon us, there seems to be a lot of early activity as per normal
for this time of year. So I think that should allow property owners to be able
to sell & move with confidence and for buyers to buy with confidence.
So, if you’re thinking of selling or buying this year – take heart… There
is still considerable strength in the market. Any one of our 40 strong sales
team would welcome your call.