Plympton Private Treaty Sale:
Mooringe Avenue unit sells well above asking price.
The Private Property Report: MAR 6, 2021
A three bedroom unit in a well known North Plympton road is under contract via a private treaty sale. Smashing the asking price of $375,000 - $395,000 with multiple offers from a range of people brought in by a uniquely strong marketing campaign.
While the long weekend saw the number of open inspections for Adelaide reduced from the previous weekends, it did not keep home buyers away.
With property prices rising and covid restrictions being lifted, buyers were prepared with pen in hand to forgo a weekend holiday away for the chance to secure a new home.
"A lot of people we speak to have been looking for 8 to 12 months now and they're over it," said listing agent Jo Keenan from HOT OPTION Property Group.
"They are making offers above the asking price and we are left to console them when being knocked backed on their offer to purchase."
4/40 Mooringe Ave, North Plympton S.A. 5037
HOT OPTION Property Group Sales Director Jo Keenan said that the amount of interest we received is fantastic with multiple offers above the asking price. We actually have a number of buyers asking us to find them a property urgently.
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This one owner free standing 3 bedroom unit at 4/40 Mooringe Avenue, North Plympton built in 1992 features a light, bright open feel while providing a secure and private aspect. Multiple offers leave a number of families requesting to be put forward first for the opportunity to inspect other properties.
Interesting: Adelaide did not experience any price declines during Covid-19 and the rental market remains strong there. "At this stage, it appears that southern Adelaide will be the top performer in 2021," she projected> REA chief economist Nerida Conisbee said.
Interesting: Potential home buyers borrow more, get help from parents to keep up with rising house prices.
Interesting: Boost Juice founders Janine & Jeff Allis list Toorak home with a guide of $20m to $22m.
Big initial interest in the property left some home buyers behind when offers to buy began rolling in and the offers above the asking price became common place.
The owners are very happy with the sale process and the quick actions of the real estate agency to secure the sale.