Just sold: 26/131 Britten-Jones Drive, Holt. A 3 bedroom, 2 bathroom townhouse with a double garage in the golf course estate. It sold for $780,000, the second highest sale ever for a three bedroom townhouse in the complex. It was also the second time we have sold this home.
Watch Steve explain how 26/131 Britten-Jones Drive sold. .
A move-in ready townhouse
Updated flooring throughout and a beautifully renovated kitchen made this an easy choice for buyers wanting to move straight in, in a sought-after estate with a great mix of lifestyle, space and convenience.
Then the market changed
We launched in April. Shortly afterwards, conflict in the Middle East escalated, fuel prices surged and the Reserve Bank started lifting rates. Almost overnight, the buyer pool shrank. On top of that, other agents were marketing competing townhouses nearby at lower price points.
We didn't chase the market down
Despite the conditions, we didn't change our strategy or our belief in the value of the home. We stayed patient and focused on finding the right buyer. It took longer than some of our sales, but once that buyer was identified, the campaign became all about negotiation.
The result
$780,000, the second highest price achieved for a three bedroom townhouse in the complex, and a strong outcome given the market at the time.
The lesson for Holt sellers
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.
Common questions from sellers in Holt
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 $780,000.
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.
See the full story for 26/131 Britten-Jones Drive →
Thinking about selling?
Whether you're ready to sell or just curious about what your home is worth in today's market, we'd love to help.
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Get a market update for your home | Call Steve on 0489 276 122
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