Welcome to this weeks wrap on North Shore property.
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The Milford 110 Apartments launched this week with a great turnout to opening night with the first apartment going under contract the following day. Exciting times. For more information see below this blurb, give me a call or visit www.Milford110.co.nz
In This Week’s Market Wrap
– The Labour weekend deadline
– Open Home Report
– Auction rates just above average
– Off Market & Coming Soon
Labour Weekend D-Day
When is the best time to sell? Most agents will have a great justification to convince you that all year round is the best time to sell. Personally I wouldn’t be taking my home to market at Christmas or during January.
a) There are less buyers around
b) Mindsets have changed
c) I personally wouldn’t be wanting to deal with selling my house during the one great holiday period of the year.
Now I speak in generalisations, of course there have been a handful of exceptional results at this time of year – but we play the odds don’t we? There have been truck tonnes of exceptional results in the period prior to Christmas.
So if you agree with me – and you’re looking to sell this year, a comfortable deadline to work toward is launching just after labour weekend – or earlier if you wish. But you ideally don’t want to be going to market too much later than this. We all hope to be sold in the 3 week auction campaign, but you may need the extra couple of weeks post auction. Food for thought!
Last weekend we had 44 visits across 5 properties averaging 8.8 people per property. Milford 110 has had nearly 60 groups come through in the past week since it was released which is a great response given the high value of the properties.
So there are still plenty of buyers out and about.
Cooper & Co Auctions
Pretty good results last week – 14 out of 29 sold under the hammer for Harcourts with a 48% clearance rate which is pretty good going especially given the relatively high volume called. B&T only called 11 last week but they sold 6, providing a clearance rate of 55% which is also good going. That brings the week combined average to 46%
We had bidding on 79% of our Auctions with an average of 1.4 bidders per Auction – again all pretty normal these days.
We have plenty of new listings in the pipeline and coming soon, be sure to check out our website for current listings, or get in touch about anything detailed below.
Forrest Hill – Do Up Opportunity in the $800’s available now!
Browns Bay – A brand new 400sqm 6 bedroom home (1 weeks)
Milford – A gorgeous 1920’s character family home with seaviews on a large section (4 weeks)
Takapuna – A sunny semi-detached townhouse
Forrest Hill – An entry level 3 bedroom home
Takapuna – Mixed Use Opportunity, great home or office
Campbells Bay – Brand new townhouses off the plans
Sunnynook – A brand new family home on a freehold site
Sunnynook – A nicely renovated 3 bedroom home
That’s it from me, if you have any questions as always just give me a call, otherwise have a great weekend.