Spring Hill Sales Market Update – April
This year has started with stronger buyer enquiry and a sense of optimism about Spring Hill’s real estate market. The final stats for 2011 show lower numbers of sales than previous years, but not the drastic drop we experienced in the first half of the year. This is a suburb with strong underlying demand and we’d argue the area’s been slightly insulated against Brisbane’s downturn.
Prices are down on 2010. This is a buyer’s market and prices have dipped, but a general lack of property for sale has prevented big drops. Houses have not been offered to the market in any volume and with just 15 of them sold during 2011 the jump in median price is, unfortunately, not a true account of what’s happening.
If you’d like a sales market update for your property please call our Spring Hill specialist Rob Honeycombe on 0423 332022 or 07 3214 6800