Torquay and Jan Juc: Spring/Summer 2024 Success
As we move further into the warmer months, Simon reflects on Oslo Property’s recent selling successes in the Torquay and Jan Juc area. The team at Oslo Property has observed an encouraging resurgence in buyer confidence this spring and early summer, leading to a notable increase in both transactions and overall buyer activity throughout the Surf Coast region.
Highlight Sales in Jan Juc and Torquay
Recent sales in Jan Juc exemplify the current demand, with properties like 15 Meaby Street, Jan Juc and 73 Torquay Boulevard, Jan Juc selling at the top end of their price ranges in less than 10 days. Remarkably, we hosted 41 buyer groups for these two homes, indicating a vibrant appetite for properties priced between $1.2 million and $1.3 million.
Transitioning to Torquay, the trend continues with remarkable buyer interest and standout sales. Recent sales in the Torquay area underscore the robust local demand and the positive trend in the real estate market.
To explore the recent Torquay sales in greater detail, please refer to the video above.
From these transactions, we can obtain several essential insights into the current market dynamics:
Reemergence of First Time Buyers
There has been a significant return of first-time buyers in the market, notably as investor competition has decreased compared to previous years.
Vendor Adjustments
Sellers are increasingly aligning their price expectations with current market conditions. This alignment enables quicker sales and smoother transitions for vendors as they move to the next chapter in their property journey.
Presentation and Marketing Matter
Homes that are well-presented, priced accurately, and marketed effectively are not only attracting interest but also fostering competitive bidding that leads to timely sales and exceptional sale prices.
As we embrace the summer season and the festive spirit kicks in, we are excited about the upcoming opportunities throughout the Surf Coast. Keep an eye out for some remarkable listings hitting the market in 2025 alongside current properties that are already available for sale.
