Gilmore home sets suburb record after only three days on market

A five-bedroom home in Gilmore has broken the suburb record after selling for $910,000 on Monday via private negotiations, surpassing the previous benchmark by $45,000.

The residence at 7 Willoughby Crescent sold in three days after it was listed on the market.

“The first open house was on Saturday and over the weekend we had 30 parties through, and by Monday evening, it was swooped up,” said listing agent Mark Wolens of Independent Woden.

The property sits on 1045 square metres of land and was renovated over the 30 years the vendors had owned the home.

“The revamped kitchen, spacious bedrooms, the undercover al fresco area and the pool were big drawcards for the new buyers,” Mr Wolens said.

“Overall, the home was beautifully presented and offered buyers the ultimate entertainer’s home.”

The property was scheduled to go under the hammer on July 4, however, the vendors were content with the offer and sold the home to a family moving to Canberra from the country.

“The new buyers wanted somewhere close to their children but also a home where they could host families and friends from interstate,” Mr Wolens said.

According to Allhomes records, Gilmore’s previous suburb record was set in 2019 by 8 Jeanette Place for $865,000.

Mr Wolens said he was confident the home would break the previous record, noting he expected the house to sell in in the high-$800,000 to $900,000 bracket.

“There were six other buyers who were offering above the $865,000 mark but the vendors were happy with the new buyers’ offer,” he said.

“The various offers made for the house reflect the confidence that buyers have in real estate.”

Speaking on the Canberra market, Mr Wolen said it was a hotly contested arena at the moment with buyers out in full force.

“My selling partner, Nicholas Jacob, and I have had 30 sales already and the month hasn’t even finished,” Mr Wolens said.

“I’ve been in the industry for 30 years and I’d say this is the biggest month I’ve ever had in sales. 

“The market is very strong across the board. There is a lack of stock available but a number of buyers looking for a house … and if someone is thinking about selling, they should move forward with it because there are buyers out there.”