This comparable market analysis gives you an accurate price guide on the value of your home. I have compared homes, which are similar to your own that have sold in your area recently. This guide is based on actual sales rather than independent opinion and is therefore, an accurate representation of the market value of your home.
CURRENT MARKET CONDITIONS
Economic outlook: interest rates are low, residences under $550,000 are selling quickly due to high rents & the first home owners grant incentive. Residences over $550,000 are taking longer to sell, partly due to job security & depressed share market.
Currently in our local market we have witnessed that homes are taking longer to sell & apartments are selling quickly. The amount of stock available is no more than usual.