Wednesday, May 31, 2017

Sold!

In the first few years we lived in the Huon Valley, we spotted a pattern. Each spring, the 'for sale' signs would go up along the Huon Highway, and when the temperatures dropped in autumn, they would be taken down again. It looked like the owners were hoping for a 'lottery win' sale to a passing tourist over the summer season, but weren't really serious about selling. During that time, prices were mostly flat. Properties took a long time to sell. Six to nine months would be good. Much like most regional areas, I expect.

That's not the case now. Hobart has become a very competitive market and where we live, only 40 minutes drive from the centre of town, has picked up too. Lately, the Huon Highway is lined with 'sold' signs and many of those properties were only on the market for a few weeks. To explain why, here's a video of one of our local real estate agency principals discussing the state of the local market this month. Thinking of moving here? Get in quick!

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