The Adelaide market got off to a roaring start in 2014, recording the strongest March quarter sales in five years according to RP Data. This is great news for anyone in real estate, including home buyers, home sellers, property investors, and real estate agents, as we all benefit from an improved property market with increased sales. Adelaide is starting the quarter on the right foot, as we can see in the RP Data thus far.
In the three months to March, the city recorded 4802 house sales. That is a 13.6% increase on the same period last year, surprising many. Units sales are up 2.4% on the 2013 March quarter, which is further good news to property investors and home sellers.
“March 2014 managed to record the strongest first quarter for house sales since 2009, and the strongest for units since 2010,” RP Data research analyst Cameron Kusher said. However, he said sales were down slightly from the December 2013 quarter, so there is always room for improvement in the Adelaide property market and throughout Australia.