A thriving market environment

Low supply and high competition remain key contributors to the thriving market environment, and this week reminded us that both are here to stay. 

The past week has shown a noticeable acceleration in buyer activity. We’ve had more offers made on properties, and an increase in enquiries and private inspections which tells us genuine buyers are about, ready to purchase. 

We exchanged 13076/17 Amalfi Drive, Wentworth Point off market after its first open home, and less than a week on the market. The swift sale of this one bedroom apartment marks our first off market negotiation this year as we continue to skillfully guide qualified buyers through their ongoing property search.

This particular buyer had been actively looking for six months, and as a result had insight into the local market and a strong relationship with us, enabling them to move quickly on their offer with absolute confidence.

We’ve also begun to expand our reach with the standout, joint sale of a three bedroom, waterview Cabarita apartment this week (58/18 Edgewood Crescent) achieving $2,350,000.

We’re now able to share the sale price of 412/37 Amalfi Drive, Wentworth Point which reached $850,000, a new record for a two bedroom apartment in the Sorrento building.
 

Alexander Chidiac
When it comes to dealing with buyers and sellers in Wentworth Point, Rhodes, Newington and throughout this part of the inner west, Alex enjoys an exceptional reputation earned from over 10 years’ experience in the industry.

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