by Graham McIntyre | Aug 31, 2018 | House$ales
Over the next several months I will create a clearer picture of trending data relating to specific markets, and what you may expect due to development and pricing. Hobsonville Point, home of the Block 2018 and a poster child for new-age housing developments. Land sales in the area are $388,000 to $475,000 over the last month compared to $200,000 to $466,000 for the year ending August 2018. Median value in the area sits at $894,000 for the month compared to $628,000 for the year ending August 2018. The highest sales upper quartile remains Constant around $970,000. Sales volumes for the month were 21 units (average days on market 44) with annual sales at 306 units (average days on market 33) to year ending August 2018. Buyer groups are mostly younger mixed families with a cross section of children. Mature buyers (50 plus) make up less than 27% of the buyer grouping which holds consistent. This is a solid performing market for two to four bedroom homes with solid demand and stable pricing. Huapai, home of Cadbra Developments and an area that is set for some significant infrastructure change over the next 24 months which should be welcome relief to residents and businesses alike. Land sales in the area are soft and good buying at $344,000 to $480,000 over the last 12 months to August 2018. Minimum sales value of home and land package is $955,000 with a median price from last month at $1,060,000 compared to $1,000,000 for the year ending August 2018. High end pricing for new building activity on 600 sqm site sits between $1,100,000 and $1,180,000...
by Graham McIntyre | Aug 31, 2018 | House$ales
Since 2010 I have provided buyers and sellers with significant information on the number of sales and the value of property in the area. It helps both buyers and sellers understand the market, understand value trends and make better decisions. Over the next several months I will create a clearer picture of trending data relating to specific markets, and what you may expect due to development and pricing. Hobsonville Point, home of the Block 2018 and a poster child for new-age housing developments. Land sales in the area are $388,000 to $475,000 over the last month compared to $200,000 to $466,000 for the year ending August 2018. Median value in the area sits at $894,000 for the month compared to $628,000 for the year ending August 2018. The highest sales upper quartile remains Constant around $970,000. Sales volumes for the month were 21 units (average days on market 44) with annual sales at 306 units (average days on market 33) to year ending August 2018. Buyer groups are mostly younger mixed families with a cross section of children. Mature buyers (50 plus) make up less than 27% of the buyer grouping which holds consistent. This is a solid performing market for two to four bedroom homes with solid demand and stable pricing. Huapai, home of Cadbra Developments and an area that is set for some significant infrastructure change over the next 24 months which should be welcome relief to residents and businesses alike. Land sales in the area are soft and good buying at $344,000 to $480,000 over the last 12 months to August 2018. Minimum sales value of...
