Market Cycles

Our industry revolves around days, months, and years, which can make time feel like it's flying by. We're always thinking ahead—whether it's three months for lease renewals, thirty days for sales, or two days for rent arrears. The constant forward planning can make the years seem shorter. But this is exactly what makes real estate so exciting, and it's why my daily mantra is: "It's never a boring day—there's always something happening!

As we approach the end of the year, this month is no exception. We're still experiencing a strong seller's market, which is fantastic news for property owners. Whether you're thinking about selling your investment property or just curious about its current value, now is a great time to explore your options.

In a seller’s market, there’s typically a high level of buyer interest, multiple genuine buyers, and competitive offers that often exceed expectations. Properties are selling quickly, leaving buyers frustrated by the fast pace, while sellers hesitate, hoping for even higher prices.

This week, we saw this dynamic in action. A neat and tidy three-bedroom, two-bathroom brick home—currently tenanted—created a buzz in the Warwick market. After multiple inspections and offers, the property sold successfully, benefiting both the vendor and the buyer. Similarly, a two-bedroom, one-bathroom brick unit attracted significant interest and was sold to a cash buyer relocating to Warwick to be closer to family.