THE Bathurst property market looks set for “another bumper year”, having posted strong sales figures in the first two months of 2017.
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Century 21 Bathurst real estate agent David Chapman said 10 more properties were sold in January, 2017 than the same time the previous year, while February saw a 30 per cent increase in sales.
There were 80 suburban residential properties sold in Bathurst during February, compared to 60 sold during the same month last year.
The March figures are tracking below where they were for the same period last year, but Mr Chapman said it is too soon to tell how the month will end.
It is also important to note that the figures do not include any rural properties that were sold.
“Signs are pointing to it being another bumper year,” Mr Chapman said.
In 2016, six out of the 12 months broke sales records, with more than 100 properties being sold in November alone.
It was the first time sales figures had gone into three digits in a single month in Bathurst.
Mr Chapman said the strong sales have flowed on from the previous year.
“Speaking for our office, buyer inquiry at the moment, both locally and from outside of the city, is certainly very noticeable at the moment and keeping us agents very, very busy,” he said.
Investors are particularly interested in finding properties in Bathurst and “have been doing their homework”, Mr Chapman said, to find the ideal investment.
However, while there are a lot of properties being sold, there aren’t many being listed.
Mr Chapman said that Bathurst is now in a sellers market, making it the perfect time for people who have been considering selling their home to list.
“People are certainly showing that they are prepared to buy and turnout at our open homes is very high,” he said.
“Buyer confidence is certainly there, but in terms of people selling, that comes down to personal circumstances.”