Welcome to this weeks wrap on North Shore property.
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Short & sharp this week, firstly not much has happened (I don’t think), potentially because not much has happened, or I’ve missed it as I’ve been down with the deadly man-flu all week and am currently feeling pretty lucky to be alive 😜😜
So it’s pretty much all the same commentary as last week, listings are tightening, clearance rates are improving, prices are still the same although we’ve seen a few absolutely cracking auctions these past couple of weeks, which is what happens when you sell an amazing house when there are no amazing houses available. Which isn’t a bad selling strategy, if you are thinking of selling, your house is amazing, and in a highly sought after location, it wouldn’t be a bad idea to pop in on the market right now. Call me to discuss further if you like. Otherwise you can probably skip this weeks report and get on with enjoying what looks like a magical Saturday.
In This Week’s Market Wrap
– Auction Clearance rates still strong
– Listings still tightening
– REINZ Auctioneer of the Year Winner (Us)
Cooper & Co Auctions
Great to see a continued improvement in clearance rates as listing stock tightens. Cooper & Co called 33 Auctions last week selling 18, at a rate of 54% sold under the hammer. B&T again only managed 36% (told you we have the best auctioneers) providing a combined rate on the Shore of 47% sold under the hammer. Which is actually the best result since the first week of Feb.
Listings have tightened significantly now under 1500 properties available on the North Shore. The rate of sales is still exceeding the rate of new listings and with plenty of buyers still out and about, strong prices are being achieved again and the clearance rates, for us anyway, have improved.
The Best Auctioneers in NZ are at your service
Thought I’d repeat this, just in case you missed it. Congratulations to my main Auctioneer Andrew North of Harcourts Cooper & Co, winner of the REINZ Auctioneer of the Year for 2018!!
Also huge congrats to finalists Rob Tulp and Aaron Davis also from Harcourts and Cooper & Co, an amazing feat in itself and making 3 out of 5 finalists from Cooper & Co!! #awesome
This highly competitive competition features auctioneers from all companies across New Zealand, so we are hugely proud to say that when you auction with Harcourts Cooper & Co, you get the BEST auctioneers in the country, and no other brand on the North Shore can off you that! #onlythebest
Be sure to get in touch for more details we have a couple on our books.
Sunnynook – A relatively flat section in Double Westlake Zone
Castor Bay – A flat rear site of around 400sqm with AMAZING sea views & plans
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.
Milford – It’s a secret – but if your looking for new & luxury, give me a call
Browns Bay – A Brand New 6 Bedroom Home
Northcote – A gorgeous 3 bed bungalow
Forrest Hill – An entry level 3 bedroom home
Takapuna – A sunny semi-detached townhouse
Greenhithe – A super spacious one level home
Browns Bay – A gorgeous renovated townhouse
Castor Bay – A beautiful large modern family 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, have a great weekend and GO BLUES!! (Great win to see JK off)
Oh okay and good luck to all the teams still in the hunt for the Soccer Football World Cup!
Have a great week!