It is hard to believe that another year has ended.
To end the year, we thought that we would give you a ‘snap shot’ of the year that was!!
On a scale of 1 to 10, we would rate the year 9.5 out of 10.
It has been an excellent year for us that hasn’t gone without hard work and dedication to our clients.
If we had a dollar for every time someone spoke negatively about real estate or asked us if I was ‘broke’ yet as nothing is selling, we would be a millionaire!!!
This is an interesting word that has a lot of meaning.
It hasn’t been a ‘dead’ year! It has been one of the best selling years that we have encountered.
Real Estate is an industry that ticks along in any market.
The real estate market has no feelings!
People still die, divorce, up grade, down size, invest, reduce debt or move no matter what property prices are.
The only group that doesn’t buy when prices are high are investors however I can confirm that investors are now looking and buying in Geraldton.
Why wouldn’t they?
What a stunning part of the world that we live in.
In the last 12 months, we have noticed an increased vibrancy in the city!
The Geraldton Foreshore is a buzz of activity and new opportunities are presenting themselves.
The news about lower prices for crayfish in the hospitality industry will be sure to enhance the tourism in Geraldton!
This is an excellent move!!
We have been meeting exciting and dynamic people coming to town with new ideas and energy!
We really have exciting times ahead in Geraldton!!
Real Estate deals have been tough during 2016 with some deals taking weeks to close.
We have had situations where we are creeping up with a counter offer with only $1000 an offer!
We call this ‘ping pong’and it just depends how long the game lasts before a deal is done.
In saying this, buyers have had a phenomenal year of buying!!!
All the suburbs have dropped close to $100,000 in value in the last 12 months.
Wandina for example has lovely 4×2 homes for as low at $319,000. This home recently sold for $310,000!!
Rangeway and Spalding will offer you a property for $100,000 and a recent sale in Utakarra, a brick and tile home – ok not the best Street however sold for $70,000!!!
Land in Drummond Cove has been selling for as low as $80,000 and blocks in Wandina, depending on the street are selling for $95,000
Our opinion is that we have hit the bottom of the market!
There is only way to recover and that is up.
We have spent time to help promote Geraldton as the wonderful place we live in.
After researching the effects of words on google, we started a FB page called Geraldton Scene of which we post positive news and lovely photos of Geraldton. The page currently has just over 2500 likes and we would encourage you all to like the page and share with your network.
Please see below :
In closing, we thank you very much for your continued business throughout 2016.
Wishing you and your family a very Merry Christmas and an excellent New Year!