Kris CunninghamKris CunninghamKris CunninghamKris Cunningham
  • Home
  • Reviews
  • Listings
  • Sales
  • Team
  • Facebook
  • Community
  • Blog
  • Videos
  • Contact

Weekly Market Wrap 22.03.19

    Home Blog Weekly Market Wrap 22.03.19
    NextPrevious

    Weekly Market Wrap 22.03.19

    By kriscunningham | Blog, Weekly Market Update | 0 comment | 22 March, 2019 | 0

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

    Nothing much new this week following last week more comprehensive report.  If you missed it you can find it on my website here.

    Like everyone, our hearts go out to all those effected by the events in Christchurch, hopefully you’re all wearing a bit of colour today and remember to observe a minute silence at 1:40pm.

    If your having a frantic Friday trying to get out the door, there isn’t anything really all too interesting here so skip it, and have a great weekend!!

    In This Week’s Market Wrap
    – Listings & Stock Availability
    – Auction Results & Stats
    – Coming Soon

    Listings & Stock Availability
    The total number of property available on realestate.co.nz on the North Shore this morning, 1951 properties.  That’s actually more than I can ever remember seeing, especially since we started monitoring it each week.  Clearly plenty of stock, giving buyers loads and loads of choice.  

    Speaking of our own stock, everything we have is either under contract, has an offer being negotiated, or has interested parties.  So yes it’s slower, but properties are still selling.

    Auction Results
    And the lumpy market continues, the result this week is exactly why we now focus more on the 4 week average – not each individual week. After last week climbing to 58% at C&C, this week back down to a low of 23%.

    The 4 week average of 32% has been pretty consistent. Last night we went on to sell 5/5 in rooms, a great result, further re-enforcing the need to look at the big picture over a 4 week period.

    Harcourts C&C – 23% Clearance Rate (5/22)
    Barfoot & Thompson* – 26% Clearance Rate 9/34

    Combined Clearance Rates (Harcourts & Barfoot)
    This Week 25% (2018 – 43%)
    4 week average 32% (2018 – 38%)

    *Source: Barfoot website Please note clearance rates are for properties sold under the hammer or post negotiation that day (sales the following day are not included)

    Coming Soon
    Takapuna – A fantastic 3 bedroom townhouse (Available Off Market – please enquire)
    Bayswater – 2 properties, 3 houses, loads of potential and upside
    Browns Bay – 2 houses on freehold sites, and some land
    Northcote – A super cute 3 bed bungalow
    Torbay – A tidy 3 bed townhouse
    Sunnynook – A full blown do up – or a blow up – great site though!
    Forrest Hill – A very tidy renovated 3 bed 2 bath
      
    That’s it from me.  If you have any questions as always just give me a call, otherwise we look forward to seeing you out and about this weekend!

    No tags.

    kriscunningham

    More posts by kriscunningham

    Related Post

    • Weekly Market Wrap 29.02.20

      By kriscunningham | 0 comment

      Welcome to my weekly market wrap. To view the full report click here. Short and sharp this week.  The market on the Shore continues to hum, clearance rates are strong, and stock levels have remainedRead more

    • Weekly Market Wrap 07.12.19

      By kriscunningham | 0 comment

      Welcome to my weekly market wrap. To view the full report click here. This week we are super excited to welcome Briannu Liu to our team!  Brianna joins us from another very successful Harcourts teamRead more

    • Weekly Market Wrap 30.11.19

      By kriscunningham | 0 comment

      Welcome to my weekly market wrap. To view the full report click here. It’s been a busy week with auctions and sales and new listings hitting the market.  Be sure to check out our newRead more

    • Weekly Market Wrap 08.11.19

      By kriscunningham | 0 comment

      Welcome to my weekly market wrap. To view the full report click here. Congratulations to South Africa winning the RWC – awesome!  Life is back to usual and the market is much like this weeksRead more

    • Weekly Market Wrap 01.11.19

      By kriscunningham | 0 comment

      Welcome to my weekly market wrap. To view the full report click here. Short and sharp this week as a follow upon from last weeks comprehensive monthly report. We have three great new listings thatRead more

    Leave a Comment

    Cancel reply

    Your email address will not be published. Required fields are marked *

    2 × four =

    NextPrevious

    Recent Posts

    • Monthly Market Wrap FEBRUARY
    • Weekly Market Wrap 29.02.20
    • Monthly Market Wrap JANUARY
    • Monthly Market Wrap DECEMBER
    • Weekly Market Wrap 07.12.19

    Recent Comments

      Archives

      • March 2020
      • February 2020
      • December 2019
      • November 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • December 2017
      • November 2017
      • October 2017
      • September 2017
      • July 2017

      Categories

      • Blog
      • Community
      • house_and_property_related
      • Monthly Market Wrap
      • News
      • Weekly Market Update

      P. 09 486 1029   M. 029 767 6801
      E. kris.cunningham@harcourts.co.nz
      Cooper & Co Real Estate Ltd Licensed REAA 2008

      This site is powered by Graphic Detail Ltd. Copyright 2017.
      • Home
      • Reviews
      • Listings
      • Sales
      • Team
      • Facebook
      • Community
      • Blog
      • Videos
      • Contact
      Kris Cunningham