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Who’s got top market share?
Situated in the Hills District of Greater Western Sydney, Kings Langley is quietly carving out a niche for itself as the go-to place for Sydney families wanting their slice of the Australian dream. Where neighbouring towns are seeing an increase in development opportunities and high rise apartment buildings, a smart sales office in Kings Langley would cater for established families and older couples.
Let’s look at the market share in the area. Laing and Simmons Kings Langley has the greatest market share at 24%, followed by Elders Real Estate Kings Langley at 19%. Harcourts Hills Living rounds out the top three with 13%.
The area is in high demand with an average of 1,565 views per property, compared to the 851 average in the rest of the state. Despite a steady growth in the past few years, Kings Langley retains an average affordable house price of $945,000. It makes for a competitive but stable market for a sales business.
With the majority of the market made up of established families with purchasing power, Kings Langley is a lucrative opportunity for the right agency, offering the chance to build up a steady and loyal customer base. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.
