The best time to sell Adelaide properties to get the highest price – realestate.com.au

Jessica Brown

Updated 20 Oct 2023, 9:59am

First published 20 Oct 2023, 5:30am

News Corp Australia Network

Sellers could get more for their Adelaide homes if they sold them in April, new data shows. Picture: supplied.

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April is one of the best times for homeowners to sell their Adelaide properties, with new data revealing sale prices are highest mid-autumn.

PropTrack’s Market Insight Report shows prices edge 1.18 per cent higher in April than the average throughout the year.

On an average Adelaide property value of $730,000, that’s $8614 more for sellers.

Sale prices across Adelaide were also slightly higher in November, which the data showed was the best time to sell property nationally.

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November prices were 0.46 per cent higher than Adelaide’s $730,000 average throughout the year, which was $3358 more in sellers’ pockets.

The figures are based on an analysis of sale prices between 2013 and 2022.

PropTrack senior economist and report author Paul Ryan said Adelaide’s results were surprising given spring and summer were the best times to sell in every other capital city.

“It’s surprising and in stark contrast to the rest of the country,” he said.

“The data doesn’t really give ideas of why.

“I think it must be that Adelaide just has different market conventions than elsewhere.

“November and December sales received above average prices in Adelaide, just not as much as we see in April.”

PropTrack senior economist Paul Ryan. Picture: supplied.

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He said it was interesting data that could help sellers get more than they planned for their properties, but there were so many factors that needed to be considered.

Harcourts SA chief executive Gregg Toyama said Adelaide used to have a clearly defined seasonal cycle but following several years of strong price growth that wasn’t the case anymore.

“Those might be the statistics pre-Covid, but during Covid and post-Covid I’d throw a lot of that out the window,” he said.

“I’d say that no month is better than any other month.”

Mr Toyama said when it came to sales volumes, they were traditionally higher during the spring months.

Harcourts SA chief executive Gregg Toyama. Picture: AAP Mike Burton.

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He said that was generally because people put their homes on the market when their gardens looked their best, and many people looked to move before the start of the new year.

Nationally, sale prices were 0.8 per cent above average in November, which was more than $6000 on the average property sale of around $800,000.