Barfoot & Thompson | Warkworth by barfootsuburbsales

April 2023

WARKWORTH

/warkworth

MARKET REPORT barfoot.co.nz

Welcome to our SOLD – Warkworth 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.

Mehran Zareian and the Warkworth team

Warkworth branch 7 Queen Street, Warkworth 0910 P 09 425 8742 E warkworth@barfoot.co.nz barfoot.co.nz/warkworth

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.”

Market share and ﬁgures

Barfoot & Thompson 37%

Barfoot & Thompson 39%

Overall market share

Market leaders

Over the last 12 months, Barfoot & Thompson sold more property in the Auckland Region than any competitor. For the period from 1st April 2022 to 31st March 2023, we sold 37% of all listed properties in the Auckland Region.

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

For the period from 1st September 2021 to 31st August 2022, we sold 39% of all properties that were listed in the Auckland Region.

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

Market share $0-1M

Market share $1M-2M

Barfoot & Thompson 34%

Market share $2M-3M

Barfoot & Thompson 31%

Barfoot & Thompson 35%

Barfoot & Thompson 41%

Market share $3M+

Barfoot & Thompson 24%

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 represented in these figures is the Auckland Region as defined by REINZ. 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.

Market

share $0-1M

share $1M-2M Market share $3M+ Barfoot & Thompson 38% Barfoot & Thompson 42% Barfoot & Thompson 26% Market share $2M-3M

Number of sales

1st January 2023 to 31st March 2023 compared to the same period last year.

properties

Average sale price

1st January 2023 to 31st March 2023 compared to the same period last year.

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 local area shown* Algies Bay, Kaipara Flats, Kaiwaka, Leigh, Mahurangi East, Mahurangi West, Mangawhai, Mangawhai Heads Martins Bay, Matakana, Omaha, Pakiri, Point Wells, Puhoi, Sandspit, Scotts Landing, Snells Beach, Tawharanui, Tawharanui Peninsula, Warkworth, Wellsford, Whangateau, & Whangaripo. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Totals include residential and rural sales.

Same period last year Last 3 months Same period last year Last 3 months $855,000 $1,286,384 $1,025,588 $1,205,583 $1,011,245 $1,130,000 $929,166 $1,271,797 $1,183,400 $1,405,575 $1,145,875 $2,537,000 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 Wellsford Warkworth Snells Beach Mangawhai Heads Mangawhai Algies Bay Same Period Last Year Last 3 months 7 26 17 14 15 1 24 89 40 33 32 5 0 10 20 30 40 50 60 70 80 90 100 Wellsford Warkworth Snells Beach Mangawhai Heads Mangawhai Algies Bay Same Period Last Year Last 3 months

69% of

in the local area* sold for $1 million or more over the last 3 months.

MAXIMUM EXPOSURE MAXIMUM IMPACT

TOP TIPS

It’s our job to craft the best possible marketing campaign

At Barfoot & Thompson we have the network, the local know-how and global reach to ensure your home gets the attention it deserves.

This article looks at some of the tools we use to achieve quality exposure, as well as the power of our team to attract buyers right to your door.

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/marketing

Designing a marketing plan

From getting your home onto the right websites, creating dynamic digital content, to signage and print - we have a range of marketing options for you to choose from.

Our salespeople will make recommendations that best suit you, the local area and the unique features of your home. Right from the start, we will be hard at work creating the very best content to showcase your home. From photography, video and floorplans through to print media and our exclusive interactive on-line tools - we have the latest technology and platforms ready to maximise the benefits of the campaign we have designed for you.

Our network gets the most buyers through your home. When you choose to list with Barfoot & Thompson we provide maximum exposure from the start. We have over 1,700 salespeople, all with their own network of contacts in their local communities and beyond.

Marketing materials

Every one of our salespeople has access to your property listing and can search for a suitable ‘buyer match’ for your home.

When marketing your home, first impressions really are everything! Here are some of the main materials we will prepare to showcase your home to the market.

Photography - They say a picture is worth a thousand words. Our listings feature only the best in professional, high resolution photography. The photographers we work with use quality equipment and production techniques to present your home on our platforms in the very best light.

Video - A professional videos brings your property to life and helps it reach even more prospective buyers. Studies indicate that including video in a marketing campaign increases the number of enquiries about that particular property by 400%. Our video packages are affordable and could make a difference to the impact of your campaign.

Floor Plans - Properties with floor plans receive up to 30% more interest than those without. *Source: Rightmove, one of the UK’s largest property websites.

LATEST NEWS!

Buyers are better at imagining a property as their home, when they are able to engage with it more. This is why Barfoot & Thompson has introduced a fantastic new suite of interactive tools - all designed to sell your home faster, and for the best possible price.

Read more about these exciting new tools here: barfoot.co.nz/sell/marketing/diakrit

Online - global reach Publications & print

Digital marketing is no longer new; it’s a musthave component of every seller’s marketing plan, offering amazing reach.

Our technology takes your property to the buyer, wherever they are, whatever device they’re using, and in whatever format they prefer.

Upgrading your online presence is the most effective way to get your property to the right people at the right time. Featuring your property on key websites increases views, enquiries and activity at open homes, so it is well worth the investment.

We know that most people are searching for their new home online these days. So we offer a range of online advertising options designed to get your property the most views, enquiries and open home activity.

Buyers will also find your property on our app, which offers a full interactive experience, so they can easily find your home when they are out in the neigbourhood.

We publish hundreds of pages of property advertising every week - because it works. Publications such as the Property Press, local as well as national newspapers all get picked up often by buyers to browse over their morning coffee.

To complement our campaign, your Barfoot agent will source the best quality brochures and signage for your home and each open home will be well promoted in the local area with directional signs, flags and flyer drops.

Industry leaders

In 2020, Barfoot & Thompson once again won the ‘Large Agency of the Year’ award at the REINZ Awards for Excellence — the only agency ever to have won this award since its inception in 2012.

Talk to us about a marketing campaign for your home and why not check out our team, our technology and our award winning results. You be the judge!

www.barfoot.co.nz/about-us/our-awards

Barfoot.co.nz – 310,000 unique users each month

Realestate.co.nz – 650,000 unique users each month

Leadingre.com – over 650,000 unique users each month globally

Luxuryportfolio.com – homes over NZD$1.36m Nzrealtors.co.nz – listings from New Zealand’s leading real estate agencies Nationwide

Hougarden.com – putting your home in front of the Chinese market

Trademe.co.nz – putting your home in front of Kiwi buyers

Why choose Barfoot & Thompson?

www.barfoot.co.nz/sell/why-sellthrough-us

REINZ Large Agency of Year 2020

https://www.barfoot.co.nz/news/2020/ november/reinz-awards-2020

Get an appraisal

https://www.barfoot.co.nz/appraisal/ sales

more about why you should list with Barfoot & Thompson

Read

RECENT SALES

The following pages show a summary of sales in Warkworth and Surrounds & Mangawhai and Mangawhai Heads 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.

Warkworth Coast & Country March 2023

88 Alnwick Street $1,035,000 $1,050,000 CV Land Size Sale price 622 Bedrooms 3 Floor size 142 31 Anne Burton Drive $1,240,000 $1,425,000 CV Land Size Sale price 1723 Bedrooms 4 Floor size 243 32 Arabella Lane $2,430,000 $2,450,000 CV Land Size Sale price 5405 Bedrooms 4 Floor size 210 27 Ashmore Crescent $1,530,000 $1,350,000 CV Land Size Sale price 838 Bedrooms 4 Floor size 275 36 Ashmore Crescent $1,509,000 $1,225,000 CV Land Size Sale price 761 Bedrooms 4 Floor size 206 29 Beach Street $1,635,000 $1,600,000 CV Land Size Sale price 4691 Bedrooms 4 Floor size 291 70 Blue Gum Drive $1,480,000 $1,550,000 CV Land Size Sale price 2617 Bedrooms 4 Floor size 263 19 Brigitte View $740,000 $750,000 CV Land Size Sale price 809 Bedrooms 3 Floor size 110 10 Carmen Terrace $1,000,000 $1,025,000 CV Land Size Sale price 624 Bedrooms 3 Floor size 150

Warkworth Coast & Country March 2023

14 Carmen Terrace $1,020,000 $940,000 CV Land Size Sale price 675 Bedrooms 3 Floor size 110 21 Davies Road $750,000 $660,000 CV Land Size Sale price 1384 Bedrooms 3 Floor size 131 13 Dome Lane $998,000 $1,125,000 CV Land Size Sale price 513 Bedrooms 3 Floor size 165 7 Francis Place $1,790,000 $1,875,000 CV Land Size Sale price 7325 Bedrooms 6 Floor size 275 59 Grand View Road $2,525,000 $2,700,000 CV Land Size Sale price 1257 Bedrooms 3 Floor size 170 101 Grange Street $2,800,000 $1,875,000 CV Land Size Sale price 1.48 ha Bedrooms 5 Floor size 174 24 Hanover Street $645,000 $670,000 CV Land Size Sale price 830 Bedrooms 5 Floor size 210 93 Hauiti Drive $1,100,000 $1,050,000 CV Land Size Sale price 715 Bedrooms 3 Floor size 170 2 Hewson Drive $1,050,000 $990,000 CV Land Size Sale price 593 Bedrooms 4 Floor size 175

Warkworth Coast & Country March 2023

36 Ida Way $3,950,000 $3,500,000 CV Land Size Sale price 578 Bedrooms 4 Floor size 249 6 Jamie Lane $750,000 $920,000 CV Land Size Sale price 299 Bedrooms 2 Floor size 97 43 John Andrew Drive $1,130,000 $1,100,000 CV Land Size Sale price 569 Bedrooms 3 Floor size 164 53 Kia Kaha Drive $535,000 n/a CV Land Size Sale price 601 Bedrooms n/a Floor size n/a 405 Leigh Road $1,100,000 $1,225,000 CV Land Size Sale price 888 Bedrooms 2 Floor size 50 49 Matakana Valley Road $1,337,500 $1,275,000 CV Land Size Sale price 1044 Bedrooms 3 Floor size 97 64 Matakana Valley Road $5,612,000 $3,880,000 CV Land Size Sale price 11100 Bedrooms 4 Floor size 290 1 Melwood Drive $770,000 $970,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 126 7 Merehai Place $870,000 $900,000 CV Land Size Sale price 607 Bedrooms 3 Floor size 105

Warkworth Coast & Country 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.

Muncaster Road $1,200,000 $1,350,000 CV Land Size Sale price 711 Bedrooms 6 Floor size 250

Northwood Close $1,549,000 $1,475,000 CV Land Size Sale price 664 Bedrooms 3 Floor size 212

Piper Lane $1,495,000 $1,350,000 CV Land Size Sale price 400 Bedrooms 3 Floor size 185

Pound Street $1,060,000 $1,050,000 CV Land Size Sale price 547 Bedrooms 3 Floor size 150 4 Torokaha Lane $495,000 n/a CV Land Size Sale price 600 Bedrooms n/a Floor size n/a 541 Woodcocks Road $1,500,000 $1,725,000 CV Land Size Sale price 6110 Bedrooms 5 Floor size 260 137 Worthington Road $1,005,000 $910,000 CV Land Size Sale price 10133 Bedrooms 3 Floor size 130

Wrybill Way $1,400,000 $1,900,000 CV Land Size Sale price 1000 Bedrooms 3 Floor size 224

Mangawhai & Mangawhai Heads March 2023

5 Anchorage Road $895,000 $620,000 CV Land Size Sale price 695 Bedrooms 3 Floor size 102 198C Devich Road $915,000 $800,000 CV Land Size Sale price 4.74 ha Bedrooms 3 Floor size 72 16 Greenview Drive $1,145,000 $820,000 CV Land Size Sale price 959 Bedrooms 3 Floor size 139 1 Hills View Lane $1,650,000 $1,120,000 CV Land Size Sale price 1285 Bedrooms 5 Floor size 258 60 Jack Boyd Drive $650,000 $720,000 CV Land Size Sale price 1000 Bedrooms 2 Floor size 97 10 Kanuka Place $1,250,000 $780,000 CV Land Size Sale price 1199 Bedrooms 2 Floor size 90 13 Kedge Drive $1,080,000 $850,000 CV Land Size Sale price 630 Bedrooms 4 Floor size 207 14 Moir Point Road $1,003,500 $770,000 CV Land Size Sale price 1202 Bedrooms 2 Floor size 110 76 Molesworth Drive $1,710,000 $1,175,000 CV Land Size Sale price 3005 Bedrooms 3 Floor size 127

Mangawhai & Mangawhai Heads 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.

Norfolk Drive $870,000 $565,000 CV Land Size Sale price 600 Bedrooms 3 Floor size 93

Quail Way $950,000 $660,000 CV Land Size Sale price 1073 Bedrooms 2 Floor size 115

Robert Street $1,610,000 $1,045,000 CV Land Size Sale price 1047 Bedrooms 2 Floor size 94

Tara Road $550,000 $365,000 CV Land Size Sale price 1.53 ha Bedrooms n/a Floor size n/a

Weka Street $1,052,500 n/a CV Land Size Sale price 736 Bedrooms 3 Floor size n/a

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Meet the team

“Enabling You to Experience a Premium Service and Result”

I provide a professional, bespoke service with an experienced team who are driven to marketing and sell quality property on this beautiful coast. I’m passionate about it. My team and I commit to each and every client with integrity and determination, to create a remarkable experience and achieve a successful outcome!

Mehran Zareian Branch Manager 021 023 02469

Supporting the community and local businesses is something I really enjoy. I have served on numerous committees and business associations across Auckland. Something I like to do on a regular basis, is to organise local charity events in aid of the Starship Foundation and the WELL Foundation, raising valuable funds to support the young and old. It’s important to gauge the community’s needs and help it thrive. I’m also a local Rotary club member.

My success in real estate, as a licenced salesperson, has benefited from my prior client service experience in sales management, health, sports and the hospitality industry. I strive to empathise with every client’s situation and tailor our service accordingly. My attention to detail and level of communication are always as I would expect for myself if I were the client. I’m

sure that my team feels the same!

With so many people moving to Warkworth from New Zealand’s largest city, Barfoot & Thompson are uniquely placed to directly access more Auckland buyers than any other agency. The new motorway extension to Warkworth will provide a commutable option and rapid growth will be likely. Why not take advantage of this opportunity, which will encompass Matakana, Omaha, Snell’s Beach and the surrounds.

When you would choose to travel premium or business, why not expect the same level of care when you’re marketing your home – at no additional cost!

Call me for a coffee and a chat to see how we can make a difference!

Residential/Rural Sales team

Property Management team

Brad Matthews 021 138 9953 Chelene Allinson 021 608 714 Tania Bennett 021 267 1421 Nina Eivers 021 0268 0572 Charlotte Goudge 020 410 34267 Sylvia Graves 021 889 993 Debbie Reid 021 462 518 Tiffany Xu 022 655 2183 Philip McCall Head of Property Management 021 425 181 Line Hansen Property Management Assistant 021 192 9075 Karen Shaw Property Management Administrator

Deal with the company that does the most business. There’s a reason for it. Barfoot & Thompson Warkworth 7 Queen Street, Warkworth 0910 Residential Sales 09 425 8742 Property Management 09 422 3209 Email warkworth@barfoot.co.nz barfoot.co.nz/warkworth AKTSM39