The number of homes being sold remains well down on last year, but prices are stable or down slightly. The number of properties sold in Auckland is down almost 22% on last year, however within this figure some communities are harder hit than others. While the Auckland median price rose from $830,000 in July to $840,000 in August. This figure also highlights two factors; a) more new homes selling at a higher price; and b) fewer sales volumes which skews the result. But this value is down from Auckland house pricing peak of $905,000 reached in March 2016, prices have softened in Auckland. The REINZ’s House Price Index, showed Auckland prices were down almost 3% in August compared to 2016, while prices in the rest of the country, excluding Auckland, were up 7% for the same period. It is also taking longer to sell properties, with the median number of days required to sell up to 37 in August compared to 30 in August 2016. There has also been a big decline in auction sales, in Auckland the number of auction sales was down by 61% compared to a year ago. With all this in mind it is a great time to improve your real estate position, the gap between what you have and what you want might be smaller than in 2016 and competition may well be less. Therefore if you are seeking to upsize, under your terms and favourable conditions give me a call today to discuss the best process to give you an edge. Let’s have a look at the local market:
Coatesville lifestyle $ 1,550,000 to $ 3,130,000.
Helensville residential $ 653,000 to $ 770,000.
Parakai residential $ 309,000.
Huapai residential $ 792,000 to $ 1,070,000.
Kumeu residential $ 825,000.
Kumeu lifestyle $ 1,500,000.
Riverhead residential $ 835,000 to $ 1,140,000.
Riverhead lifestyle $ 1,550,000 to $ 1,600,000.
Taupaki lifestyle $ 1,240,000 to $ 2,220,000.
Waimauku residential $ 950,000 to $ 1,220,000.
Waimauku lifestyle $ 1,810,000.
Waitakere residential $ 750,000 to $ 1,272,000.
Whenuapai residential $ 903,000.
Upsizing or downsizing or liquidating, there are a number of things that will be important to you; a) the agent needs to be experienced and highly qualified; b) the process must attract a volume of buyers; c) the advertising plan must attract the right buyers to view the property; and d) you must feel part of the journey and involved in the success of the sale. At Mike Pero Real Estate, we provide a logical and easy solution that delivers peace-of-mind to buyers and sellers considering a property change. For more information go to www.grahammcintyre.co.nz or phone 0800 900 700.