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Weekly Market Minute with Kris Cunningham 10.08.18

    Home Blog Weekly Market Minute with Kris Cunningham 10.08.18
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    Weekly Market Minute with Kris Cunningham 10.08.18

    By kriscunningham | Blog, Weekly Market Update | 0 comment | 14 August, 2018 | 0

    Welcome to this weeks wrap on North Shore property.
    To view our full weekly email click here.

    Short & sharp this week, last week was pretty comprehensive and there is nothing really new to add.  You can literally read the bullets below, grab a cuppa & get on with your Saturday. Next week we will have July results.

    In This Week’s Market Wrap
    – Sales low & open home traffic steady
    – Stock levels remain steady
    – It’s time to start planning pre-xmas campaigns
    – Coming Soon

    Sales Volume Low – Good homes in short supply
    Sales volumes are still low and with new listings so tight that’s no surprise as many buyers are finding it difficult to find a great home with so few new listings coming to the market.

    Open home numbers remain steady showing there is certainly plenty of activity, with some properties recording very high traffic on show day, re-enforcing that good homes are still seeing strong demand and ultimately selling very very well.

    Stock & New Listings
    Stock levels currently remain in a holding pattern around the mid 1400’s where they’ve been for a number of weeks now on realestate.co.nz  but the pre-spring listings are starting to come in as many Vendors push to beat the seasonal Spring rush.

    Selling this Year?
    If you are planning to sell or move this year – it’s time to start making plans because before you know it Christmas will be upon us and you’ll have missed the boat.  We are already starting to lock in our September & October campaigns as with the median time to sell around 40 days, you really want to ensure you have enough time to market and sell your home before our lives go crazy with Christmas  and buyers start to switch off in December.  Food for thought anyway.

    Coming Soon
    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.

    Castor Bay – A beautiful large modern family home (next week)
    Browns Bay – A brand new 400sqm 6 bedroom home (2 weeks)
    Sunnynook – A gorgeous 4 bed family home on a freehold site (2 weeks)
    Greenhithe – A large 370sqm approx modern brick family home (3 weeks)
    Browns Bay – Home & Granny in Urban Zone with dev. potential (3 weeks)

    Milford – It’s a secret – but if your looking for new & luxury, give me a call
    Forrest Hill – An entry level 3 bedroom home
    Takapuna – A sunny semi-detached townhouse
    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!

     

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