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.
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%.
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)
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!