by Graham McIntyre | Apr 26, 2016 | House$ales
Market Report with Graham Solid sales activity in Residential and Lifestyle markets with a broad range of buyers. The market has split into a larger group of micro markets where purchasers are influencing much of the cultural make-up of developments and the type of buyer groups that are drawn to areas. In areas like Riverhead, the majority of buyers are New Zealand families, while in Huapai, the new homes are dominated by Chinese families and Chinese Investors. Hobsonville Point has a greater mix of many cultures and also an outstanding customer satisfaction rating. It all adds to a colourful and vibrant multi-cultural landscape which adds new opportunities for services, products and community engagement. So let’s recap the last month: Herald Island has solid sales starting at $780,000 and $885,000 at entry level, with leading sales at $1,100,000 to $1,550,000. Whenuapai also has solid activity at $757,000 to $915,000 through to $3,100,000 to $8,300,000 for land banking buyers. Hobsonville Point and Hobsonville have had very light trading with low sales at present. West Harbour has a number of sales ranging in $675,000 to $850,000 with both family and investor buyers keen on real estate near Westgate and North West Mall. Transactions in the top range are $1,200,000 to $1,795,000. Massey real estate continues to surge ahead with most sales in the range $582,000 to $900,000 and volumes being some of the strongest that we have seen for some time. Investors, and family buyers are very strong and Massey seems to be flavour of the month. This may change as the prices reach dizzying heights. Autumn and Winter is an excellent...
