ORMEAU & ORMEAU HILLS MARKET WRAP FOR 2020

Morgan Oliver, Sales Director for JMO Property Group has provided the local communities of Ormeau and Ormeau Hills a detailed appraisal of the market at the conclusion of 2020 and as a lead into 2021.

As the respected real estate agent in Ormeau and Ormeau Hills, Morgan Oliver has indicated that we are currently seeing a 5.5% price increase across both areas.

Morgan said, “we currently have been experiencing a great market and the start of 2021 promises more of the same. The steady flow of purchasers looking for property in Ormeau Hills and Ormeau remains strong and is showing no sign of letting up just yet.”

“Everyday we are receiving enquiries from buyers looking to move to the Ormeau and Ormeau Hills,” said Morgan and this level of enquiry is also supported by both real estate platforms realestate.com.au and Domain who report that property searches are up 40 – 50% on this time last year.

This level of enquiry is also reflected in the number of people inspecting Ormeau and Ormeau Hills real estate. Morgan says, “we are seeing record numbers coming through properties and this foot traffic is being translated into these properties being under contract following the first open home.”

Overall, the lifestyle attributes of real estate in Ormeau and Ormeau Hills plus the pent-up demand from the earlier COVID shutdown continues to produce a market that is very strong. Most properties are generally on market for around a week before going to contract. Morgan says, “the market is still experiencing a surplus of buyers in the market compared to the number of properties available for sale.”

If you are considering selling, Morgan says, “this is a great time to sell.”

At JMO Property Group we take great pride in how we present our sellers properties in the market. Presentation and accurate market advice to our sellers has seen:

Multiple street records for the sales price achieved
Multiple sales under contract within 7 days of listing, and one under contract within 12 hours of listing
Sales achieved above asking price

Through his hard efforts, Morgan is achieving one of the highest median sales price for his vendors and his recorded advertised days on market is one of the shortest in the market, and significantly better than some of the well-recognised agents in the area.

If you go to market without discussing the sale of your property with Morgan Oliver, you might be engaging an agent that lacks his track record and successes. Is this something you can afford to do?

Call Morgan Oliver, your experienced Ormeau real estate agent today on 0404 050 620 to start a conversation about the sale of your property and achieving results like these.