Bella Vista Market Update
Bella Vista: real estate trends
It is interesting times in the real estate market at the moment! March and April have seen more properties come on the market for sale than during the peak spring selling season, however the days on market is stretching out for longer periods. There is still strong buyer demand in the suburb, but now buyers are willing to sit back for longer and have a “wait and see” attitude to buying, rather than quickly making purchasing decisions. Also impacting the longer time on market is tighter lending restrictions – buyers used to be able to commit to purchase easier, but now having their finance in place and being able to buy is taking longer.
In March and April we saw over 146 buyers attend our open homes, which is significantly up from January and February where we had 96 attendees. So buyers are certainly active in the area and we have more listings to show them at the moment as well – we currently have 7 properties for sale in Bella Vista.
To see a summary of the first quarter market activity in Bella Vista, please click here
We are committed to keeping our clients up to date with recent activity so when the time is right for you, you can make the best decisions on when to buy and sell confidently. Please get in touch if you would like any more information, or to chat about how we can help you achieve your property goals.
All the best,