Breaking Records and Renovations:

Adelaide Real Estate Soars into 2024 with Thomas Real Estate's Latest Triumphs!

Exciting news is in the air as we are moving closer to closing the chapter on 2023!

Brace yourself because house prices in Adelaide have hit an all-time high, and unit prices are poised to break records too!

In recent months, the real estate scene has experienced a refreshing shift in dynamics. Positive pricing momentum is not only boosting seller confidence but also bringing a surge of new listings. November saw new listings hitting a two-year high, setting the stage for some exciting times ahead! Adelaide continues to be the best-performing capital city. It increased in November but is below 70% for the second consecutive month. Clearance rates remain higher annually, up 9.9 percentage points, the largest growth of the capitals.

Auction Clearance Rates Nov 23 Vs nov 22

Source : Domain, clearance rates are shown for areas with more than 10 collected results.

Hold onto your hats for more good news! Total supply is on the rise, reaching its highest point in a year. It's a promising sign of a bustling market. Even with this influx of listings, prices continue to climb, albeit at a slightly more relaxed pace compared to earlier in the year.

Now, let's shine a spotlight on a standout moment – our record-breaking sale in Largs Bay this November! What makes it even more special? This wasn't just any sale; it was a home that Thomas Real Estate thoroughly renovated. We're absolutely thrilled to have been part of such a milestone, a testament to the vibrant real estate scene in Adelaide.

As we bid adieu to 2023, we're eagerly anticipating more success stories, fresh listings, and continued growth in the Adelaide real estate market.

Here's to an even more fantastic 2024 filled with accomplishments and happy homeowners!

Wishing you a joyous holiday season and a prosperous New Year!

Best regards, Martyna Thomas