I have posted before about the fall in buyer interest following the bad publicity about interest rates after the RBA's November 2010 rate rise. Over the Christmas period, the total number of property sales in our area crashed to the lowest since we started operating in Beecroft. Attendances at house opens were low, and market sentiment was decidedly suppressed.
But things seem to have changed dramatically in the last few weeks. Ray White Beecroft sold two houses over last weekend, and had near record attendances at some of our opens. The web site, raywhitebeecroft.com.au, had the most total visits since September last year, and the number of Unique New Visitors was the highest since we started the web site back in 2009.
Of the visitors, there were the usual "flybyes" who left within 10 seconds, but of the rest more than half stayed for between one and ten minutes, indicating more than cursory interest.
So let's look forward to a thriving property market in 2011.
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