The apartment has been sold for more than 7 months, how to shorten the time

market of real estate break record after record. In 2022, it reached its highest peak of real estate on offer. According to industry data, there are more than 158,000 properties for saleof which are barely traded on average 4000 units per month. This combination extends the deadlines: to find a buyer, at least an apartment is required 7 months from issue.

“It is very difficult to know exactly how long a sale notice has been active. We calculate an average of seven months from the site. But always taking complete publications as a reference, with accurate information and good photos,” he explained. Leandro Molina, Commercial Director Operations of zone prop.

The posting time until a buyer is found depends on many factors, but the main one is values. “In the last six months, more than 25% of properties have been reassessedprices have been adjusted to fall,” added Molina.

“We calculate on average 8 or 9 months in release until a buyer is found. This is in the case of an average value property. Those above-average goods can sit for more than a year until they can be sold,” he said for his part. Daniel Bryn, owner of Invertire Real Estate.

For real estate entrepreneurs, properties that are listed below the market average tend to sell faster. “Each case is special, we have clients with whom we sit down for negotiations every three months and we cannot achieve a drop in prices. In this case, these are houses that have been sold for more than a year.”he showed an example.

Today, according to data researched by Real Estate Operations Radar, which is prepared by a group of real estate agents in Buenos Aires, the most sold properties are two- and three-bedroom units. “Today we see that the average value of operations 120 thousand dollars. With a lot of movement in small, low-ticket units,” Bryn added.

The most sought-after facilities are those with low entrance fees. The highest demand is concentrated for two- and three-room units

That is why it is not surprising that four-room and multi-room buildings take the longest time to find a buyer. In fact, selling houses and villas can take up to three years. “There are certain neighborhoods and typologies that already need time to sell”Molina clarified.

market figures

The Real estate for sale it ended in 2022 with growing numbers. According to data from College of Notaries Public of the City of Buenos Aireswere held in December 4253 operationswhich means increase 25.7% on an annual basiswhile the total amount of transactions in 2022 increased a 45.9 percent.

The main explanation has to do with falling priceswhich reached to 30% from the pandemic, which prompted the purchase decision. Added to that is the instability generated by the 2023 elections, which has caused many to rush into the decision to buy brick squares.

As explained in the market, prices seem to have bottomed out and in 2023 the deceleration will be very slow with prices freezing, at least in the first half of the year.