Welcome to this weeks wrap on North Shore property.
To view the 60 second video please click here.
To those who prefer to read, you can view the full report here.
In This Week’s Market Wrap:
– Clearance Rates 36%
– Listing stock still high
– Presentation and marketing vital
With a high volume of auctions called again last week clearance rates sat around 36% on the Shore which is down 2% on last week.
As volumes increase the rates always drop so this is nothing unusual, a few weeks ago with just over half the Auctions being called the clearance rates sat around 50%, but with a similar number being called again this week expect to see more of the same.
New listings backed off slightly as the post holiday listing flood tapers off with just under 1800 properties available on the Shore, now this is still very high and increases the importance of ensuring your properties presentation and marketing is right, with so many available it’s very easy for buyers to disregard your property for even the smallest of reasons.
The last thing you want is people making a negative buying decision based on a poor choice of words or photography so your marketing is vital. With so many properties available many buyers are actually looking for reasons not to view your home, our job, to try not to give them any. Now many agents are great with marketing, but plenty really just aren’t, so be sure to do your homework.
Off Market Opportunity
34a Penzance Rd, Mairangi Bay – Situated walking distance to the beach and village we have this 4 bed 2 bath home with a large rumpus type area and double internal access garaging available off market. Externally renovated the property is priced at $1.2-$1.3m – please contact me (or your Harcourts agent) for more details.
We have plenty of new listings that have either just launched, or will be soon, be sure to check out our website for current listings, or get in touch about anything detailed below.
Takapuna – A brick 3 bed 1.5 bath semi-detached townhouse
Greenhithe – A spacious 3 bed 2 bath one level home
Browns Bay – A gorgeous 3 bed 2 bath renovated townhouse
Murrays Bay – A 4 bed 2 bath with great views
Milford – Brand new townhouses being sold off the plans
That’s it from me, be sure to check out our fantastic listings at kriscunningham.co.nz, otherwise we look forward to seeing you out and about this weekend.
Have a great week!