Welcome to this weeks wrap on North Shore property. To view our full weekly email click here.
Another short report this week with just the basics, my wife is away and I think I’m supposed to feed the children about now 😉
If you see our open homes signs out and about this weekend – you might notice something a little different about them as we try and raise funds and awareness for the Movember Foundation. More on that below.
In This Week’s Market Wrap
– Open Home Report
– Auction rates normal
– Off Market & Coming Soon
We had pretty low turnouts over the weekend, I’d say partly due to the Auckland Marathon, and also the surge in new stock on the market. Hopefully the surge in buyers appears this weekend – we have 9 open homes across a range of different properties so will have a pretty balanced report on this next week.
59% European, 41% Asian
82% owner occupiers (either upsizing, downsizing or changing area)
Cooper & Co Auctions
We saw a big surge in the volume of Auctions last week in-line of course with the Spring stock surge. C&C called 37 Auctions selling 17 at a rate of 46%. B&T also had a surge, and a good week, calling 49 and selling 22 at a rate of 45%. Very positive stuff.
Our current 4 week average sits at 47% sold under the hammer – which remains consistent with most of the year.
We have plenty of new listings that have now hit the market but we still have a few to come before Xmas. Be sure to check out our website for current listings, or get in touch about anything detailed below.
Mairangi Bay – A luxury 5 bedroom home of over 400sqm of solid masonry construction, right in the heart of Mairangi Bay village. (next week)
Mairangi Bay – A fully renovated one level family home on the flat (2 weeks)
Glenfield/Marlborough – A fully renovated one level start home – a perfect first home buyer or investment option (2 weeks)
Takapuna – Mixed Use Opportunity, great home or office
Sunnynook – A brand new family home on a freehold site
That’s it from me, if you have any questions as always just give me a call, otherwise have a great weekend.