2014… and we’re off!

The holidays are over and the New Year is well under way.  I hope everybody has had a wonderful break and are looking forward to a busy and prosperous 2014.

In real estate, it is looking like the momentum, gathering in our market at the end 2013, is set to pick up pace. We have seen a lot activity throughout January in both property management and sales.

Most notably, (from a sales perspective) we have seen a number of properties sell within a few days of being listed for sale leaving other buyers disappointed. This is a very good indication that the market is starting to warm up, so purchasers are needing to make faster decisions or risk missing out.

We have seen a significant uptake of the new land subdivisions released at the end last year and very early this year.

Our property management team have signed more new leases signed this month than they for a number of years. This has continued on from a busy last quarter in 2013.  Notably, the majority new tenancy applications have come from people moving into our region. We now have a situation where we have a shortage of property to offer well qualified tenants; particularly newer 3 and 4 bedroom family homes.

Increased activity and improved returns in the rental market haven’t gone unnoticed. Investors have been very active in early stages of the year.  As the rental market tightens further, we expect this trend to continue as the year progresses.

All of this and it’s only January.    2014 will be an interesting year.

Love where you live!