Welcome to this weeks wrap on North Shore property.
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Short and sweet this week as with school holidays now in full swing, I’m off on leave with the kids and will be back on Monday 15th
In This Week’s Market Wrap
– The Labour weekend deadline
– Open Home Report – Foreign Buyers.
– Auction rates just above average
– Off Market & Coming Soon
Labour Weekend D-Day
If you’re looking to sell this year, a comfortable deadline to work toward is launching just after labour weekend. You ideally don’t want to be going to market too much later than this as yes we all hope to be sold in the 3 week auction campaign, but you may need the extra couple of weeks post auction – and marketing in the 2 weeks before Christmas is not ideal!
With a number of our listings at the end of their campaigns – open home numbers were understandably quite light. But, they did return buyers. 804 East Coast sold at Auction on Wednesday to a last weekend viewer, and 20 Cliff Road which has been on the market for a number of months, went into a multi-offer with clients who viewed over the weekend. Both properties interestingly sold to Chinese buyers, paying cash. Something to do with the 22 October Foreign Buyer Ban – very likely.
Cooper & Co Auctions
Pretty good results last week – 20 out of 41 sold under the hammer for Harcourts with a 48% clearance rate which is pretty good going especially given an even higher volume called than the week prior.
Barfoot & Thompson also called 41 Auctions on the North Shore – they sold 8. That’s a clearance rate of 20%.
Please note: We don’t have the results below this week as usual sorry – but we will include them all in our next report when the whole team is back on deck.
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 – A gorgeous 1920’s character family home with seaviews on a large section (1 week)
Takapuna – A large development site with consent to build 3 townhouses (2 weeks)
Mairangi Bay – A luxury 5 bedroom home of over 400sqm of solid masonry construction, right in the heart of Mairangi Bay village. (3 weeks)
Takapuna – A sunny semi-detached townhouse (3 weeks)
Northcote/Onewa – A large 5 bedroom family home (3 weeks)
Sunnynook – A nicely renovated 3 bedroom home (2 weeks)
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
That’s it from me, if you have any questions as always just give me a call, otherwise have a great weekend.