China News Service, Hangzhou, March 6th (Xi Jinyan and Zhu Rui) February has never been the traditional peak season for second-hand housing transactions, but in the past February, the number of listings in the Hangzhou property market has surged, and the willingness of buyers to view houses has increased. The second-hand housing market Accelerated recovery, the transaction volume exceeded 7,000 sets.
After the Spring Festival holiday, according to the data of various intermediaries, the transaction volume of old residential areas in Hangzhou has increased significantly, and most of this is "price for volume".
"Last year, Cuiyuan sold more than a dozen units in a month, and this month it sold 20 to 30 units, mainly in low-priced houses." Real estate agent Li Ping (pseudonym) told reporters.
It is reported that since February 17, the average daily transaction of second-hand housing in Hangzhou has exceeded 300 units, and has been rising all the way since then.
According to the website of the Hangzhou Municipal Housing Security and Real Estate Administration Bureau, 391 second-hand housing units were sold on February 24 alone, and more than 400 units were sold on February 27th. Some popular sectors are running at a rate of 2-3 units a day.
According to the monitoring of the Hangzhou Shell Research Institute, in February, the second-hand sales in the ten districts of Hangzhou were 7,396 sets, an increase of 133% from January.
Taking Cuiyuan as an example, Li Ping said that at present, the houses with higher cost performance in Cuiyuan District 1 have almost been digested, and the average house price has begun to move up, but it has not yet reached a state of straight-line rise.
After the transactions of low-priced houses in the market, the confidence of sellers has been boosted, and some sellers have intentionally raised their listing prices, which may cause buyers to wait and see again, and buyers and sellers will re-gamble.
Li Ping told reporters that for a group of customers he met recently, the seller sold them sincerely before the transaction, giving them a lot of room for bargaining.
A buyer was also quite satisfied, but in the final transaction, the seller bluntly stated that he could not lower the price, and intended to increase it by another 20,000 yuan.
In addition, the reporter also visited the relatively popular Shenhua plate in Hangzhou.
"Now I watch a lot every day, and I take more than 30,000 steps on WeChat a day. Now it only takes two or three days to sign a contract on average, and the longest order only takes one week." Reporter Wang Wei (pseudonym) from an intermediary I learned that the number of listings of Rongxin Blue Peacock Community located in the Shenhua sector has increased sharply recently, and the speed of market delisting has also accelerated significantly.
"The group of customers who buy houses now just think the price is right, and they won't buy it if it is higher than the market price." Wang Wei told reporters, "The recovery period of the Shenhua sector is relatively early, and the next trend is hard to say. Whether it stagnates or continues to rise depends on the market transactions in March."
According to the data of Keike Housing, except for a few popular residential areas in Hangzhou's listings in 2022, most of the transaction prices have only slightly increased compared with last year.
Shangguan Jian, director of the Hangzhou Shell Research Institute, believes that the current market has undergone significant recovery compared with the end of last year.
The reasons are as follows: firstly, before the Spring Festival, many landlords lowered prices to sell goods, and the gap between first-hand and second-hand housing prices narrowed, and some buyers turned to second-hand houses; Hangzhou introduced preferential policies such as "recognize the house but not the loan" and "reduce the down payment of the second set", and the mortgage interest rate is at the lowest point in recent years; the fourth is that the general environment has improved, and all walks of life have shown a good recovery trend. The expected rebound will boost confidence in home buyers.
The atmosphere of market recovery is obvious, and people in the industry believe that such a phenomenon should not be over-understood.
Analysts pointed out that the real estate market is expected to gradually stabilize, and the long-lost "Xiaoyangchun" is expected to appear. However, it is worth noting that the current market recovery is not stable because it has just emerged from the long-term bottoming state.
Ding Jiangang, dean of Zhejiang Media Real Estate Research Institute, believes that there is still great uncertainty in the market trend in 2023, but the current market recovery is certain, and the degree and strength of the recovery can only be taken one step at a time.
Only by eliminating obstacles in the second-hand housing market, the terminal and key of the entire market, can a virtuous circle be formed, and the recovery will also be transmitted to the commercial housing market and the land market.
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