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Real Estate Insights

Surge of new listings on the home market

The number of new listings on the residential property market surged by 32% in October after a slowish September. Figures released by Realestate.co.nz, New Zealand’s largest online database of homes for sale, show that 13,765 new homes came onto the market in October. With the election, we didn’t see the usual spring rise in homes […]

Property prices rising slower this year

The strong rise in property asking prices has slowed down markedly in recent months. Over the last year, the national asking price for properties increased by only 3.9%, compared to an 8.7% increase in the preceding year. At the same time, the available inventory of homes for sale remains well below the long-term average. The […]

New home listings unseasonably low

The usual surge in new home listings on the market in August is noticeably weaker this year compared to the past, with just 9,482 new listings. New residential property listings are 11.5% down on the same time last year. This fall affected most regions around the country, with only Northland, the Coromandel and Central North […]

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Real Estate Blogs

Pt Chevalier top streets in relation to 2014 CV

agent profile image Was interesting to read the item in this mornings NZ Herald regarding NZ’s top streets where Cremorne St in Herne Bay is in number one position. We have been looking at the latest CV data for Pt Chevalier and of the streets that we have analysed so far it appears that the top 10 streets in regard […]

Remediated ‘as is’ properties return to the market

agent profile image Caution expressed: You may have come across the article in The Weekend Press entitled ‘Shoddy repairs but big mark-ups’, focusing on former ‘as is, where is’ properties returning to the market following remediation and now fully insured, some excerpts as follows: Damaged Christchurch homes are being resold with big price mark-ups, in some cases by […]

Auction vs negotiation – which is best sale method?

agent profile image We have just analysed all sales in Pt Chevalier so far this year up to the 20th November and compared results achieved in relation to 2011 CV figures. Properties marketed as auctions achieved an average of 43% above 2011 CV whereas negotiation achieved an average of 51% above 2011 CV Negotiation achieved a result 18.6% better than auction. […]

A whole new world

agent profile image Like most real estate agents I glance at the commercial pages of the DomPost every week and recently noticed an unusual trend, namely that there are a number of good buildings on the market for sale. For the last few years the pages have been filled with mortgagee sales and distressed stock. By distressed I […]

Steady Market

agent profile image The last 3 months have seen steady and quite consistent trading of residential properties through all real estate agencies in Feilding. The numbers have been 32 in October, 33 in September and 28 in August.July was 21. The median value has settled around $250,000, which seems about right. The Feilding median compares to: Feilding   […]

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