Realmark Results Show Other Markets Active
04.22.2009 – Realmark has just released its quarterly results and director John Percudani says the figures indicate that the first home buyer stimulus has had a ripple effect in the market place.
Since the beginning of the year, Realmark has transacted over $156 million dollars of property through its seven metro offices and believe it or not, a majority of the sales are not from the first home buyer segment.
“When we look at our figures for this first quarter, we see that in actual fact the sales are across a number of price points and from a wide cross section of locations,” Mr Percudani said.
“Sure the first home buyers are definitely very active but what we have noticed is a bracket creep as second and third tier buyers sell and upgrade.
“This is a positive sign that the stimulus has had a positive effect on the market, however I think now it is time for the government to consider broadening the stimulus to help boost this ripple effect, because it will allow for a much more balanced and sustainable market place.”
“The first home buyer market has become somewhat overheated as a result of the uncertain deadline, I hope that the first home buyer packages are extended but I also hope thought is put into the long term stability of the market,” Mr Percudani said.
Mr Percudani said the first quarter of 2009 had been very positive for Realmark, with volume of sales up 30 per cent compared to the market average and the Realmark Days On Market average more than ten percent less than the market average.
“We have had a very positive start to the year and it is encouraging to see that our sales processes are performing in the current conditions,” Mr Percudani said.
“We have worked hard to evolve processes that are not market reliant, because after being in the industry for 20 years you understand how quickly and dramatically the market place can change.
“The current market has also given us the opportunity to build on our team and at the moment we are constantly hiring new talent into the ranks which is a huge change from the employment issues of boom time.”
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- figures indicate that the first home buyer stimulus has had a ripple effect in the market place
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- over $156 million in transactions since year beginning
- figures show sales are coming from a wide cross section of locations
- Volume of sales at Realmark up 30% compared to market average
- Realmark days on market more than 10% less than market average.
- Current market seen as opportunity to strengthen team and market position
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- real estate market, Perth, Western Australia, First home buyer, first home buyers grant, first quarter results, economy, days on market
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