The current real estate market should be taken advantage of, says Acton South West director Steve Papadopoulos.
Preliminary analysis of the latest quarterly data from the Real Estate Institute of Western Australia shows that the market across the South West has steadied.
The data across the Margaret River region varies, with Augusta experiencing a dramatic jump in property prices, while Margaret River remained stable.
The median house price for a property in Augusta has jumped from $580,000 in September 2014 to $745,000 in September this year.
This data indicates that a smaller amount of prosperities are selling at a higher price.
While the median house price for Margaret River this September sits at $460,000 compared to $455,000 last year.
"In general, we are optimistic about the market," Mr Papadopoulos.
"Buyers are defiantly more aware of the market and are shopping around, they are more aware."
The increase in properties for sale also means that buyers can afford to shop around, with REIWA President Hayden Groves agreeing it is a good time for buyers and renters.
However, Mr Papadopoulos believes that sellers can make the most of the market too, as long as they price their properties accordingly.
"The trick is to listen to the market; sellers need to be looking not at the price of the properties for sale in the area, but the price of the properties that have actually sold in their area.
"Priced correctly in this market, they will sell."
Mr Papadopoulos believes this time of year can be positive for both buyers and sellers.
"It's a bit of a transition time, where families looking to move are doing so before the new school year, companies will be starting to hire more people, buyers and sellers can defiantly use this to their advantage."
