Milton sales market update: Low numbers but buyers are busy looking!
In the Milton real estate market house sales have dipped slightly from the previous quarter (from 9 to 6) however are still on par for the same period last year. Owners can sit comfortably knowing that the median price is still strong at $822,000 giving confidence that their hard earned investment is still an attractive asset. We expect this to be very appealing and encourage would be sellers to take advantage of the momentum whilst houses are still affordable for young families. And buyers should strike whilst the iron is hot on well-priced properties that offer a great return on investment.
Milton has shown a slowing in the apartment sales market with the number of values dropping. However this is not all bad news as a number of apartments sold offplan in 2016, and accounts for a surplus as the buildings near completion. These have been settling over the past 6 months, and the median price of $390,000 is a reflection of this trend. These developments have slowed
significantly and owners will begin to see a levelling out. This overdue shift may be just around the corner and motivated buyers are already coming out of hiding again.
Like an update on the current market for your Milton property? Please call our Milton real estate agents on 07 3214 6800 or firstname.lastname@example.org