Barfoot & Thompson | Orewa by barfootsuburbsales

OREWA MARKET REPORT barfoot.co.nz/orewa

April 2023

Welcome to our SOLD – Orewa Market Report magazine for April 2023

Our magazine contains the latest available information regarding property sales in the local area along with details of market trends, stats and tips.

Aucklanders continue to have an almost insatiable appetite for property market intelligence, so each month we will share details of the trends in your area. This is just part of our commitment to continue delivering you the highest level of service.

We’ve been locals for decades so we know the area well. Our goal is to apply this knowledge for you so you’re able to make the most of the opportunity that today’s and tomorrow’s market presents. Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Thank you and all the best for the coming month.

LeAnne Robinson and the Orewa team

Orewa branch 294 Hibiscus Coast Highway 0931, Orewa P 09 427 9940 E orewa@barfoot.co.nz barfoot.co.nz/orewa

LATEST NEWS

Peter Thompson Managing Director

House Buyers Return To Auckland Market

Buyers are starting to return to the Auckland housing market, with sales reaching their highest number in 10 months and prices holding firm with those being paid over the previous two months.

“March showed a modest but positive improvement in trading,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“Buyer confidence lifted, and in the month, we sold 765 homes.

“While this is well down on the number of sales we normally make in March, sales were up 86.6 percent on those in February, and the highest number of sales we have made in a month since May last year.

“The pipeline of conditional sales we made in the month also increased significantly, indicating that there is likely to be a strong flow of sales going unconditional in April.

“While sales were made across all price segments, we sold 60 homes for more than $2 million, a strong recovery for property in this price segment.

“This is more than the combined number of homes we sold in this price category in the first two months of the year.

“The median price in March at $1,025,000 and the average price at $1,102,933 for the month were on a par with the prices paid in February

and both figures have shown stability over the past three months.

“Based on these figures there is a greater reason to believe from a price perspective the market has plateaued rather than is continuing to fall.

“The price decline on a year-on-year basis is now sitting between 10 and 13 percent, and a number of buyers decided that rather than sit on the sideline, March was the time to reenter the market.

“New listings for the month at 1,460 were strong in comparison to the first two months of the year but not as strong as those for March in previous years.

“The number of listings at month end at 4,751 are in line with where they normally are at the end of March and means that those buyers who are prepared to make a commitment have a good range of properties from which to choose.

“The rural and lifestyle markets showed modest signs of better trading in March with some new listings, and sales reaching $59 million. However, they lacked the consistency starting to appear in the Auckland urban market.

“Turnover in these markets in March was the highest for four months but buyers remained reluctant to commit and bank lending remained challenging.”

Sales data March 2023 This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. Talk to us about Barfoot & Thompson’s number of days on the market for our different sale methods. We DO make a difference. Average sale price: $1,151,750 Highest sale price: $7,800,000 Lowest sale price: $573,913 Median sale price: $1,100,000 Median CV: $1,225,000 Sales $0-$750K: 16 Sales $750K-$1M: 20 Sales $1M-$2M: 44 Sales $2M-$3M: 0 Sales $3M+: 1 Orewa & Hatfields Beach, Red Beach/Totara Views, Millwater/Silverdale. Total sales March 2023: 81 Total sales March 2022: 124 Total monthly sales are down 35% compared to the same period last year.

Market share and ﬁgures

Overall market share

Over the last 12 months, Barfoot & Thompson sold more property in our area than any competitor.

For the period from 1st April 2022 to 31st March 2023, we sold 40% of all listed properties in Hatfields Beach, Orewa, Millwater/Silverdale and Red Beach – that’s over 225 sales made by Barfoot & Thompson!

Market leaders

We sell across all price brackets and types of property. Here’s proof why people continue to list and sell with Barfoot & Thompson.

Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. The area shown includes suburbs in Millwater/Silverdale, Orewa/Hatfields Beach and Red Beach. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

& Thompson 40%

Barfoot

Market share $0-1M Market share $1M - 1.5M Market share $1.5M+

23%

Barfoot

Thompson

50%

& Thompson 40%

Barfoot

Thompson

Barfoot

44% of properties in the Orewa area* sold for $1 million or more over the last 3 months *Millwater/Silverdale, Red Beach/Totara Views, Orewa & Hatfields Beach. Same period last year Last 3 months Same period last year Last 3 months 89 23 44 83 7 33 74 64 164 152 8 84 0 20 40 60 80 100 120 140 160 180 Silverdale Red Beach Orewa Long Bay + Torbay Hatfields Beach Albany + Albany Heights Same Period Last Year Last 3 months Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where sales information was not publicly available, an individual sale may have been excluded from the average results and tallies. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. Number of sales 1st January 2023 to 31st March 2023 compared to the same period last year. Average sale price 1st January 2023 to 31st March 2023 compared to the same period last year. $910,060 $1,063,431 $1,284,772 $1,279,250 $1,011,857 $1,116,757 $1,486,689 $1,573,878 $1,431,380 $1,461,098 $1,124,000 $1,285,359 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 Silverdale Red Beach Orewa Long Bay + Torbay Hatfields Beach Albany + Albany Heights Same Period Last Year Last 3 months

TIME TO SELL! OFFERS & NEGOTIATION

TOP TIPS

Why working with Barfoot & Thompson can help sell your home.

In our recent editions we have examined the steps involved in selling your home from getting ready to sell right through to the ins and outs of open homes.

This article discusses what to expect when the time comes to look at offers.

Remember we have more information and a range of videos on our website to help you make the very best choices. barfoot.co.nz barfoot.co.nz/sell/selling-guide

Now it gets exciting!

The marketing has hit its targets and now buyers want to proceed with an offer...

Auction

As we all know: where there are offers, often negotiation is involved!

How an offer is made, along with the particular terms and conditions on which a sale depends, will be determined to some extent by the method of sale you have chosen. In every case, your Barfoot & Thompson salesperson will be there at every step to guide and assist you - and liaise between you and the buyer.

When selling by auction you will have set terms and conditions of the sale together with our auction department and your solicitor.

This is recorded in an agreement that will be sent to interested parties during the marketing campaign so they are fully informed before auction day.

During the weeks leading up to the auction, a buyer might ask for a variation on your terms and conditions. For example, a party may ask you to agree to a different possession date, should they be the highest bidder on the day. This is formally documented and signed off

by both parties well before the auction; and the decision to agree, or not, is always yours. Sometimes, an acceptable offer is made before auction day, which may lead to the auction being brought forward, this is referred to as a pre-auction offer. In this scenario, the acceptable offer serves as the opening bid, while other interested parties are given the opportunity to bid upward from there.

Once the property has sold under the hammer, you and the purchaser are asked to sign the contract documenting the sale, which will then be distributed to your and their solicitors for processing. Arrangements

for a deposit are made (usually by cheque or by bank transfer the same day), and the remainder of the purchase price is due on settlement day. Should the property not sell at auction, then there is room for conditional buyers to enter the arena and an agreement can be negotiated.

What can I expect on auction day?

For detailed information about all of the steps and what to expect on Auction day head to our website – we have dedicated pages for both buyers and sellers including videos from our salespeople and top auctioneers.

Sellers guide to auctions

barfoot.co.nz/sell/selling-methods/ guide-to-auctions

Buyers guide to auctions

barfoot.co.nz/buy/ways-to-buy/ auctions

Negotiation

If you have decided to sell by negotiation offers can be presented at any point. As with auctions and tenders, offers are presented in writing on a sale and purchase agreement. You will consider the terms and conditions in the agreement, as well as the price in order to determine whether you would like to accept or negotiate further via a counter offer.

Once you have accepted an offer, signatures are required on a final document and this agreement will be distributed to both parties’ solicitors. If the agreement is contingent on conditions, then the purchaser has a number of working days specified to satisfy these and the agreement becomes unconditional once this is completed - meaning your property has sold!

Sometimes an unconditional offer is made where the only aspect left to negotiate is price. This is called a ‘cash unconditional’ offer and once both parties agree on the price, the property is sold.

Tender

If you have decided to sell by tender, your salesperson will present you with offers at the set day and time the tender closes. The terms and conditions in the agreement as well as the offered price will help determine which offer you would like to accept, or whether you would like to negotiate further.

Offers are private and confidential - they are for your consideration, for which you are allowed to allocate a time frame of five working days. The terms and conditions in the agreement, as well as the offered price will be determining factors in your decision which offer you would like to accept or negotiate further.

Once an offer is accepted, you will sign it and the agreement will be distributed to the solicitors for processing. If the agreement is contingent on conditions, then the purchaser has a number of working days specified to satisfy these. When these conditions complete, the agreement becomes unconditional and the property is sold. During this period your sales person as well as your solicitor will be working together with the buying party to facilitate the sale at every step.

More info:

Remember we have a wide range of information for buyers and sellers including many videos and step by step guides on our Youtube channel.

www.youtube.com/user/

BarfootThompsonNZ

Head to our website for more or contact one of our team directly. We’re happy to help. barfoot.co.nz

RECENT SALES

The following pages show a summary of sales in Orewa & Hatfields Beach, Red Beach & Totara

Views and neighbouring Millwater made by all selling agencies during March 2023. Our sales data includes information submitted by the selling agency and may include some private sales.

Where details of a particular sale may not have been able to be fully verified, it may be omitted from our reports.

Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Every reasonable effort has been made to ensure the accuracy of the information presented. Land and floor sizes are approximate, sourced from REINZ, Auckland Council or other public sources and may contain inaccuracies. Barfoot & Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Orewa & Hatfields Beach March 2023

43 Ara Hills Drive $1,122,000 $1,125,000 CV Land Size Sale price 203 Bedrooms 4 Floor size 176 Lot 566 Arawaru Avenue $759,000 n/a CV Land Size Sale price 428 Bedrooms 3 Floor size n/a 26 Ascension Crescent $1,330,000 $1,450,000 CV Land Size Sale price 488 Bedrooms 5 Floor size 276 52 Doment Crescent $970,500 $1,075,000 CV Land Size Sale price 323 Bedrooms 3 Floor size 121 12 Fendalton Place $1,396,000 $1,225,000 CV Land Size Sale price 622 Bedrooms 4 Floor size 180 19A Forest Glen $1,060,000 $1,000,000 CV Land Size Sale price 186 Bedrooms 2 Floor size 101 Lot 3/21 Forest Glen $1,125,000 $1,100,000 CV Land Size Sale price 208 Bedrooms 3 Floor size 123 85 Godfrey Drive $1,720,000 $1,725,000 CV Land Size Sale price 600 Bedrooms 6 Floor size 312 367 Hibiscus Coast Highway $7,800,000 $6,125,000 CV Land Size Sale price 1922 Bedrooms 5 Floor size 421

Lot 10/406 Hibiscus Coast Highway $1,350,000 $1,275,000 CV Land Size Sale price 114 Bedrooms 3 Floor size 166 Lot 16/406 Hibiscus Coast Highway $930,000 $1,275,000 CV Land Size Sale price 114 Bedrooms 3 Floor size 166 Lot 17/406 Hibiscus Coast Highway $1,150,000 $1,075,000 CV Land Size Sale price 167 Bedrooms 3 Floor size 92 Lot 4/406 Hibiscus Coast Highway $1,425,000 $1,090,000 CV Land Size Sale price 85 Bedrooms 3 Floor size 163 Lot 7/406 Hibiscus Coast Highway $1,100,000 $1,090,000 CV Land Size Sale price 85 Bedrooms 3 Floor size 163 Lot 9/406 Hibiscus Coast Highway $840,000 $1,075,000 CV Land Size Sale price 167 Bedrooms 3 Floor size 92 9 Ian Gordon Lane $1,370,000 $1,400,000 CV Land Size Sale price 648 Bedrooms 4 Floor size 210 80 Lakeside Drive $1,025,000 $1,125,000 CV Land Size Sale price 717 Bedrooms 3 Floor size 145 4 Makomako Drive $1,702,000 $1,650,000 CV Land Size Sale price 519 Bedrooms 5 Floor size 288

Orewa & Hatfields Beach March 2023

8 Manuka Street $848,000 $1,025,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 100 20 Orewa Heights Crescent $1,300,000 $1,050,000 CV Land Size Sale price 729 Bedrooms 4 Floor size 114 6 Otanerua Road $1,160,000 $1,075,000 CV Land Size Sale price 1012 Bedrooms 6 Floor size 260 34 Pine Road $990,000 $1,050,000 CV Land Size Sale price Crosslease Bedrooms 3 Floor size 100 4B Puriri Avenue $885,000 $900,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 130 80 Rewa Rewa Lane $790,000 $750,000 CV Land Size Sale price Unit Title Bedrooms 1 Floor size 68 69B Riverside Road $1,150,000 $1,075,000 CV Land Size Sale price 325 Bedrooms 3 Floor size 140 26 Takurua Terrace $1,345,000 $1,330,000 CV Land Size Sale price 488 Bedrooms 4 Floor size 193 31 Weiti Road $1,675,000 $1,975,000 CV Land Size Sale price 817 Bedrooms 3 Floor size 138

Orewa & Hatfields Beach March 2023

Red Beach & Totara Views March 2023

3/18 West Hoe Road $795,000 $930,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 110 11 William Hadlow Place $1,047,000 $965,000 CV Land Size Sale price 941 Bedrooms 3 Floor size 150 16 William Hadlow Place $885,000 $850,000 CV Land Size Sale price 682 Bedrooms 3 Floor size 90 62 Bay Vista Drive $1,063,000 $1,225,000 CV Land Size Sale price 756 Bedrooms 4 Floor size 213 5 Bridget Court $1,310,000 $1,275,000 CV Land Size Sale price 674 Bedrooms 5 Floor size 290 23 Greenview Lane $912,000 $870,000 CV Land Size Sale price 290 Bedrooms 2 Floor size 101 33 Jelas Road $875,000 $960,000 CV Land Size Sale price 614 Bedrooms 2 Floor size 68 49 Jelas Road $1,120,000 $1,100,000 CV Land Size Sale price 1017 Bedrooms 3 Floor size 98

Red Beach & Totara Views March 2023

This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

John Dee Crescent $840,000 $970,000 CV Land Size Sale price 674 Bedrooms 3 Floor size 120 18 Kuku Avenue $1,300,000 $1,300,000 CV Land Size Sale price 482 Bedrooms 4 Floor size 198

Onekura Street $1,380,000 $1,550,000 CV Land Size Sale price 475 Bedrooms 5 Floor size 246 45 Surf View Crescent $1,360,000 $1,350,000 CV Land Size Sale price 605 Bedrooms 4 Floor size 187 76 Symes Drive $573,913 $600,000 CV Land Size Sale price 484 Bedrooms n/a Floor size n/a 28 Totara Views Drive $1,185,000 $1,400,000 CV Land Size Sale price 552 Bedrooms 4 Floor size 187 49 Totara Views Drive $1,186,500 $1,400,000 CV Land Size Sale price 559 Bedrooms 4 Floor size 192

Millwater/Silverdale March 2023

29 Bankside Road $1,640,000 $1,450,000 CV Land Size Sale price 600 Bedrooms 4 Floor size 210 149 Bonair Crescent $780,000 $900,000 CV Land Size Sale price 120 Bedrooms 2 Floor size 90 157E Bonair Crescent $1,325,000 n/a CV Land Size Sale price 303 Bedrooms 4 Floor size 207 30 Botanical Road $1,575,000 $1,600,000 CV Land Size Sale price 599 Bedrooms 4 Floor size 227 6 Fennell Crescent $1,500,000 $1,700,000 CV Land Size Sale price 650 Bedrooms 4 Floor size 224 13 Galbraith Greens $930,000 $950,000 CV Land Size Sale price 153 Bedrooms 3 Floor size 147 90 Harris Drive $1,325,000 $1,575,000 CV Land Size Sale price 523 Bedrooms 4 Floor size 209 32 Kapehu Road $1,121,888 n/a CV Land Size Sale price 225 Bedrooms 4 Floor size 187 23 Kea Road $1,290,000 $1,300,000 CV Land Size Sale price 313 Bedrooms 5 Floor size 225

Millwater/Silverdale March 2023

16 Kingfisher Road $1,530,000 $1,530,000 CV Land Size Sale price 522 Bedrooms 4 Floor size 224 15 Memory Lane $1,975,000 $1,825,000 CV Land Size Sale price 557 Bedrooms 6 Floor size 347 Lot 17/2 Pohewa Road $1,250,000 n/a CV Land Size Sale price 213 Bedrooms 4 Floor size n/a Lot 20/2 Pohewa Road $1,280,000 n/a CV Land Size Sale price 213 Bedrooms 4 Floor size n/a Lot 26/2 Pohewa Road $1,260,000 n/a CV Land Size Sale price 249 Bedrooms 4 Floor size 176 Lot 27/2 Pohewa Road $1,270,000 n/a CV Land Size Sale price 212 Bedrooms 4 Floor size 176 4 Prospect Terrace $1,245,000 $1,275,000 CV Land Size Sale price 535 Bedrooms 3 Floor size 200 39 Ridgedale Road $1,250,000 $1,375,000 CV Land Size Sale price 664 Bedrooms 4 Floor size 204 7 Silverhill Lane $1,650,000 $1,575,000 CV Land Size Sale price 602 Bedrooms 5 Floor size 210

Millwater/Silverdale March 2023

16/165

Wainui Rise $600,000 n/a CV Land Size Sale price 87 Bedrooms 2 Floor size n/a

Wainui Rise $650,000 n/a CV Land Size Sale price 87 Bedrooms 3 Floor size n/a

Wainui Rise $650,000 n/a CV Land Size Sale price 65 Bedrooms 3 Floor size n/a

10/165

11/165

12/165

13/165

14/165

15/165

Wainui Rise $650,000 n/a CV Land Size Sale price 130 Bedrooms 3 Floor size n/a

Wainui Rise $650,000 n/a CV Land Size Sale price 88 Bedrooms 3 Floor size n/a

Wainui Rise $650,000 n/a CV Land Size Sale price 72 Bedrooms 3 Floor size n/a

23/165

24/165

Millwater/Silverdale March 2023

Wainui Rise $650,000 n/a CV Land Size Sale price 73 Bedrooms 3 Floor size n/a

Wainui Rise $800,000 n/a CV Land Size Sale price 146 Bedrooms 4 Floor size n/a

Wainui Rise $800,000 n/a CV Land Size Sale price 157 Bedrooms 4 Floor size n/a

Wainui Rise $800,000 n/a CV Land Size Sale price 77 Bedrooms 4 Floor size n/a

Wainui Rise $800,000 n/a CV Land Size Sale price 103 Bedrooms 4 Floor size n/a

Wainui Rise $600,000 n/a CV Land Size Sale price 82 Bedrooms 2 Floor size n/a

Wainui Rise $600,000 n/a CV Land Size Sale price 65 Bedrooms 2 Floor size n/a 8/165 Wainui Rise $600,000 n/a CV Land Size Sale price 65 Bedrooms 2 Floor size n/a

25/165

26/165

27/165

39/165

40/165

41/165

6/165

7/165

Millwater/Silverdale March 2023

9/165

Wainui Rise $600,000 n/a CV Land Size Sale price 65 Bedrooms 2 Floor size n/a

Watermill Lane $950,000 $1,050,000 CV Land Size Sale price 150 Bedrooms 3 Floor size 199

Whaley Greens $1,295,000 $1,375,000 CV Land Size Sale price 586 Bedrooms 4 Floor size 196

Meet the team

#8 Branch Manager Overall, to end March 2022

#9 Branch Manager Overall, to end March 2021

With 16 years’ experience in real estate, selling everything from residential to farms, land development, lifestyle and high-end holiday homes, I am well-placed to manage the high performing sales team at Barfoot & Thompson Orewa. My peoplefirst management style brings out the best in the team and together with my out-of-the-box thinking, I believe we will achieve great things. My passion for real estate developed at a very young age. I watched my grandmother in awe, as she owned and managed more than 70 properties over her 96 years and loved every minute of it. My love of people and natural affinity, gives me the confidence to talk to anyone and everyone I meet.

I enjoyed an illustrious 23 years in hairdressing first, many of those as a business owner, and in 2006 it felt right to say yes to real estate.

In my first year in the industry with another company, I took out the coveted Rookie of the Year award.

Property Management team

Since then I have proved that I am a force to be reckoned with. In fact, the branch I managed prior to joining the team at Orewa was the #1 Property Management Office Southern Region 2022 and the #8 Branch Overall, to end March 2022.

Giving back to my community is an important part of daily life for me. I have been involved with St Vincent De Paul for many years and I’ve also spent many years on the local business association.

I am happily married to my husband of 37 years and am the mother of two amazing daughters and four grandchildren. With a personal philosophy that every day is another chance to make a difference and do something great, I believe that my fresh thinking and positive outlook is making a optimistic outlook is making a positive impression on my sales team.

Whether you are selling, buying or simply after some information on the local property market, call me and my team for expert service and advice that you can trust.

Letting

Carolyn Scott

Specialist 027 886 0069

Tina Sweeney Property Management Administrator Bodie Tasker Property Manager

027 404 6935

of Property

Samantha Spratt

Head

Management 027 697 9372

Toni Elliott Property Manager 021 620 329 Sharon Gemmell Property Management Administrator

423 9162

Robyn

Harvey Property Management Assistant 027

Toni Lloyd Letting Specialist 027 886 0069 Dale Black Property Manager

027 702 1155

LeAnne Robinson Branch Manager 021 431 556

Residential Sales team

Nadia Bone 021 247 4214 Lucy Wang 021 0220 4095 Chris Bone 021 481 660 Kathryn Binks 0275 043 785 Campbell Cave 021 064 6558 Vi Davidson 021 110 4362 Michelle McAteer-Ross 027 542 0496 Cynthia McLeod 021 071 1625 Andrew Fagan 021 126 5884 Meredith Galliven 021 189 1993 Tony Gatman 021 767 144 Victoria Cherrington 027 277 5160 Joanne John 021 842 862 Kellie Hodson 021 209 8473 Mark Leaver 021 940 334 James Kuo 021 689 698 Lisa Sussock 021 128 8454 Brian Liu 021 230 2123 Barb Whelan 022 133 1711 Geraldine Ling 021 106 3639 Genene Aston 027 4811 688

N o 1 MARKET SHARE

BRANCHES • 75 SALESPEOPLE * SELLING THE MOST ON THE COAST THE THE Hibiscus Coast * Based on total Barfoot & Thompson written sales across Auckland and Northland data between Jan 2022 to May 2022, and independent industry market data.