Should I Sell my home over the Christmas Break?
Every year it happens so fast – first the Melbourne Cup, then the Christmas tree and tinsel goes up, Mariah Carey is played at the shops, school reports get sent home, and we all put our feet up and think about the coming holiday and seeing the family again. Then the question comes up, should we wait until the New Year to make any big decisions… to buy or sell over Christmas?
But do we have to wait? While common wisdom might suggest that “nobody works” over the holiday period, buyers are tired or preoccupied and thus no one is willing to list. Well, our experience with sales over previous Christmas periods would suggest otherwise.
CoreLogic data shows that the number of property sales peaks around November each year, then drops off dramatically towards the end of December, when we consistently see each year’s lowest figures. But for most of us, this shouldn’t come as a surprise – the holiday break is when we’re focussed on preparing Christmas or other festivities, relaxing and spending time with loved ones, so buying and selling property just isn’t at the top of most people’s priorities.
Over the last 2 years, CoreLogic shows us that this trend has been broken and with the Queensland border due to reopen come 17th December it is anticipated that we are likely to see another surge in buying here on the sunshine coast and Queensland with holiday makers flocking to the sunshine state to enjoy their newfound freedom. Coupled with this in previous years many holiday makers have been taken with the sunshine coast’s beauty and have purchased on the idea of owning their own piece of paradise.
The degree of continued buyers coming to market was further articulated in an article written 8th Nov by Sarah Web from Domain, stating; Determined Aussies desperate to bag a new home for Christmas splashed big sums at hundreds of auctions across the nation over the weekend, with property punters warning a fear of missing out would drive the market until the end of the year. (read more)
Another article released by the Courier Mail and written by Mark Holdsworth on 27th October referencing that the Sunshine Coast median home price is projected to tip $1 million by 2025. (Read More)
It could then be argued that now is the best time to be launching a home for sale due to the buyer frenzy that is about to hit Queensland and the Sunshine Coast.
I can attest from a personal level that daily we are still receiving enquiries for properties that aren’t on the market ranging on all levels of buyers very keen to get into the market here on the Sunshine Coast.
Many people reading this may have concerns about selling over Christmas and how to handle open homes, private viewing and having to possibly move out and find a new home in the new year. The great thing here is that we have many tools at our disposal to try to navigate these pesky issues during the time you’re trying to relax from Professional Video and Photos, 3D Virtual tours, specific viewing times, temporary accommodation, extended settlements, lease back and many other solutions. The takeaway point is that you are in the driver’s seat and don’t have stress about missing out. Our job as the agent is to take away the stress and design the plan that works for you and your family.
If you would like to know about the value of your home and have been considering selling, don’t delay, call us to arrange a private and confidential appraisal.
Colin Cameron
Principal
Cameron Real Estate – Sunshine Coast
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