Just sold · Holt
26/131 BRITTEN-JONES
DRIVE
3 bed · 2 bath · double garage · golf course estate
Launched in April, just before buyer confidence dropped. We didn't chase the market down.
The story behind the sale, with Steve Lowe.
How the campaign played out
Don't chase the market down.
The result
The sale price is revealed in the video
Watch the story first. The price unlocks here the moment it's revealed.
The result
$???,???
Private treaty.
The takeaway
Don't chase the market down.
When the market gets nervous, the temptation is to cut the price to match the cheapest listing. Knowing a property's value and holding it is often what protects the result.
Selling in Holt
Questions sellers ask us
Should I drop my price if competing townhouses are cheaper?
Not automatically. 26/131 Britten-Jones Drive held its price against cheaper competition and sold for the result in the video.
What affects townhouse prices in Holt?
Condition, the complex, parking and wider buyer confidence. Interest rate moves can shrink the buyer pool quickly.
How long does a townhouse take to sell in Holt?
It varies with conditions. This campaign took longer than usual because of the market, but the result justified the wait.
Have you sold in this complex before?
Yes. This was the second time we have sold this particular townhouse.
Read the video transcript
Steve Lowe here from Agent Team Real Estate and today I wanted to share the successful sale of 26/131 Britten-Jones Drive in Holt. This is the second time I've sold this townhouse. It's located in the highly sought after golf course estate.
It's a beautiful three-bedroom, two-bathroom townhouse with a double garage which really offered buyers a fantastic combination of lifestyle, space and convenience. The home featured updated flooring throughout and a beautifully renovated kitchen, making it an attractive option for buyers looking for a property they could move straight into and enjoy. By our standards, this was actually a challenging campaign.
We launched the property in April and shortly afterwards, the market was hit by a number of factors that affected buyer confidence. Conflicts in the Middle East escalated, fuel prices surged and the Reserve Bank started lifting interest rates. Almost overnight, the buyer pool became noticeably smaller.
On top of that, there were competing townhouses in the area being marketed at lower price points by other agents. But despite the challenging conditions, we didn't change our strategy or our belief in the value of the property. Rather than chasing the market down, we remained patient and focused on finding the right buyer.
It did take a little longer than some of our other sales but once we identified the right purchaser, the campaign became all about negotiation and ensuring our sellers achieved the best possible outcome. The result was a final sale price of $???,???, making it the second highest sale ever achieved for a three-bedroom townhouse within the complex, which is a great achievement considering the market right now. The market is changing quickly and having the right strategy is more important than ever.
So if you'd like an updated estimate on your property's value or simply want some honest real estate advice, feel free to get in touch. I'd be happy to help.
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