Newsletter
As we wind down towards the end of 2023, it’s a good time to reflect on what a year it has been. We’ve purchased 21 properties for our clients, an average search time of 8 weeks and 70% of those purchases were off or premarket.
It’s been an interesting year with the market becoming more segmented based on the type of property and area dynamics. There have been some strong prices, particularly for properties that have unique attributes but also some homes that have sold at good value prices from a buyer’s perspective. Overall, buyers have been active due to a few key factors: they’ve been more comfortable with the interest rate environment, stock levels have remained low and record migration has kept the market buoyant with a 12% increase in prices seen this year.
