As a full-time realtor, I’ve noticed two types of houses selling quickly here in Melbourne. And honestly, they couldn’t be more different. It’s like comparing apples to oranges!

The first is any home that’s priced around $250k or under. This price point appears to be the sweet spot for many buyers right now, which has a lot to do with higher interest rates. Affordability has, understandably, become the primary focus for aspiring homeowners.

So, anything over $250k is sitting on the market a little longer, regardless of how beautiful or modern it may be. The fact is that if you list your home around the $250k mark, you’ll get a lot of eyeballs on it quickly — which usually translates to a lot of offers!

Now, the second type of home is turnkey luxury, which doesn’t necessarily mean a bigger house or high-end finishes. Luxury homes check all the boxes: great location, large lot size, and updated kitchens and bathrooms. They offer a “move up” feeling that accommodates many lifestyle needs.

For instance, if you have more kids, you need that extra bedroom or bathroom. Or, if you have a lot of long-distance family members or friends, you need a “home base” where folks can come together after months apart. Your house should fit your lifestyle — not the other way around.

In short, if you think the market has slowed down here in Melbourne, hunt around for a property like one of these. Just keep in mind that once they’re listed, they go quickly. You have to stay on the ball!

And if your home sounds like one of these two, I can almost guarantee I know someone who would love to buy it. So, if you’ve been thinking about selling, give me a call. I’m more than happy to help.