by Graham McIntyre | Mar 30, 2017 | House$ales
A flood of new listings to market has increased supply, the reserve bank has continued to put pressure on banks to reduce risk, and reduce offshore lending. Likewise the restriction on investors to borrow on properties in the market continues to slow demand from lower value home owners keen to migrate to bigger houses or new homes. Reduced competition is reflected in some prices softening. Similar to 2008 we are seeing an easing in values but only by a small percentage at this time. We expect buyers to continue to be cautious while the election looms, with less competition and increased time on market. At Mike Pero Real Estate we have moved most of our vendors to an “offer over” pricing to more clearly showcase the indicative value and to provide confidence and clarity in price guidance. We believe this is vital to drive demand based on good value. Let’s have a look at the market sales this month: Coatesville lifestyle $2,330,000 to $2,550,000. Helensville residential $579,000 to $1,250,000. Parakai lifestyle $485,000 to $639,000. Huapai – Kumeu residential $790,000 to $1,050,000. Kumeu lifestyle $2,790,000 to $4,200,000. Riverhead residential $904,000 to $1,375,000. Taupaki lifestyle $1,680,000. Waimauku residential $940,000 to $1,415,000. Waitakere residential $992,500 to $1,400,000. Whenuapai residential $785,000 to $1,225,000. If you are considering buying or selling in this market, give me a quick call on 0800900700 and tell me what you are looking for, what is your wish list and time frame? It costs nothing to ask some fundamental questions that give you an advantage. With Mike Pero Real Estate you will receive some solid unbiased advice, a multimedia...
by Graham McIntyre | Mar 30, 2017 | House$ales
A flood of new listings to market has increased supply, the reserve bank has continued to put pressure on banks to reduce risk, and reduce offshore lending. Likewise the restriction on investors to borrow on properties in the market continues to slow demand from lower value home owners keen to migrate to bigger houses or new homes. Reduced competition is reflected in some prices softening. Similar to 2008 we are seeing an easing in values but only by a small percentage at this time. We expect buyers to continue to be cautious while the election looms, with less competition and increased time on market. At Mike Pero Real Estate we have moved most of our Vendors to an “offer over” pricing to more clearly showcase the indicative value and to provide confidence and clarity in price guidance. We believe this is vital to drive demand based on good value. Let’s have a look at the market sales this month: Hobsonville residential $815,000 to $1,045,000 Massey residential $565,000 to $1,200,000 Royal Heights residential $717,000 to $1,045,000 West Harbour residential $587,000 to $1,200,000 Waitakere residential $992,500 to $1,400,000 Whenuapai residential $830,000 to $1,800,000 If you are considering buying or selling in this market, give me a quick call on 0800900700 and tell me what you are looking for, what is your wish list and time frame. It costs nothing to ask some fundamental questions that gives you an advantage. With Mike Pero Real Estate you will receive some solid unbiased advice, a multimedia marketing kick start including TV Advertising, Magazine showcase and online presence. Further...
