Barfoot & Thompson | Blockhouse Bay

March 2023

barfoot.co.nz/blockhouse-bay

Welcome to our SOLD – Blockhouse Bay Market Report magazine for March 2023

Our magazine contains the latest available information regarding property sales in the Blockhouse Bay 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.

Chris Dever-Young and the Blockhouse Bay team

LATEST NEWS

Peter Thompson Managing Director

Auckland housing market hobbled by extreme weather in February

Two months of the most intense and extreme weather Auckland has ever experienced hobbled the property market during February, leading to the slowest month’s trading in a February for at least a quarter of a century.

“The state of emergency, constant gales, disruption to movement and the public’s preoccupation with safety made trading conditions during February the most challenging anyone in the business can recall,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“Whereas the Covid lockdown caused frustrations, in February onsite activity involved unprecedented commitment, discomfort and perseverance.

“We sold 410 properties during the month. The only month in the past 20 years when we have sold less was in April 2020 when virtually all commercial activity was suppressed as a result of Covid.

“The median price of the homes sold was $1,023,000, up 2.3 percent on January’s median price and down 8.9 percent on that for February 2022.

“The average price at $1,101,980 was down 1.2 percent on that for January and down 7.9 percent on that for February last year.

“Given how little trading activity was

possible, not too much should be read into February’s sales activity and prices.

“Prices continued to ease against where they were at this time last year, but vendors remained firm in what they considered a fair market price.

“New listings reaching the market remained strong, and at 1,309 for the month were 21.5 percent higher than in February last year.

“At month end we had 4,873 properties on our books, the highest number in a February for 10 years.

“Buyer interest and attendance at open homes has started to rebuild with the return of fine weather.

“A feature of February’s trading was that under 6 percent of the homes in February were for more than $2 million. At this time of the year that number has regularly been around 10 percent.

“In February nearly a quarter of the houses sold were in the under $750,000 price segment.

“Rural and lifestyle activity to the north, west and south of Auckland also experienced severely restricting trading conditions, and sales numbers were about half those achieved in February last year. While quality listings existed, buyer activity was hampered.”

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 March 2022 to 28th February 2023, we sold 42% of all properties in the area – that’s over 1600 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 local area shown includes: Avondale, Blockhouse Bay, Edmonton, Glen Eden, Glendene, Green Bay, Henderson, Herald Island, Hillsborough, Hobsonville, Huapai, Kelston, Kumeu, Lynfield, Massey, McLaren Park, New Lynn, New Windsor, Ranui, Riverhead, Royal Heights, Sunnyvale, Swanson, Taupaki, Te Atatu Peninsula, Te Atatu South, Waiumauku, Waitakere, Waterview, West Harbour, Western Heights, Whenuapai, Woodhill. Totals are cumulative, baselined on the 13th of each respective month for sales in the previous calendar month.

Barfoot & Thompson

Number of sales

Average sale price

MOVING DAY!

TOP TIPS

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

In our previous editions we have discussed the steps involved in selling your home, from getting ready to sell right through to the ins and outs of Settlement. This article covers moving house, setting out some top tips to help things go smoothly.

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

Planning!

Take the stress out of Moving Day

Although the idea of settling in to a new home is very exciting, the actual moving process may sometimes seem a bit daunting - there’s a lot to think of and organise. Here are some tips to make the process as stress-free as possible:

Before moving day:

If you’re hiring a moving company, book them as soon as you know the moving date.

If moving yourself, plan your transport. Hire a rental truck or trailer and start organising boxes.

Enlist the help of family and friends to help you on the big day.

Call your insurance company and make sure your goods will be covered during the move. Write a list of all your possessions and plan which ones you can box ahead of time.

When filling your boxes make sure they aren’t too heavy to carry.

Label boxes with their contents and the area of the house they are going in. Make sure you clearly label fragile goods.

Make sure you have valuables, paperwork and any other essential items with you on the day of the move.

Notify important parties of your new address:

• Your banks and solicitor

• The IRD

• Your workplace, kids’ schools & childcare

• Local utility companies and your local authority /council

• Doctor, dentist, vet and other medical practitioners

• Stores that you have accounts with, hire purchase companies and clubs/ libraries where you have a membership

• Apply to have your mail redirected with NZ Post and leave your new address with the new owners so they can forward mail on

Don’t Forget!

Discontinue or transfer services:

• Gas, power and water - don’t forget to organise a final reading

• Telephone and internet

• Sky TV, newspapers, magazine delivery or other publications you’re subscribed to

• Alarm monitoring

• Lawn mowing/garden services

Cleaning:

• If using a professional cleaner, book them as soon as you know the moving date.

• Try to use up food in the fridge and freezer. Clean and defrost them the day before you move.

• Sell, give or throw away any broken, damaged or unwanted possessions.

• Essentially: Leave the home in the same condition you want to find your new one.

Think of the Pets:

Think about arranging a pet-sitter on moving day to take care of them.

Update your pet’s details on their name tag, with your local council, and with the New Zealand Companion Animal Register. All dogs are required to be microchipped but if you haven’t already done this, now is the time. Although it’s not a requirement in New Zealand, it’s a good idea to get your cat microchipped too - it’s the only guaranteed way of identifying it if it runs away from your new home.

On moving day:

• Remove all fixtures and fittings from the walls.

• Disconnect washing machine and drain water.

• Check tops of wardrobes and in the attic/ basement for any forgotten belongings.

• Don’t put breakables or liquids in drawers to be moved.

• Keep jewellery, money, passports, legal documents or insurance policies with you.

• Take your rubbish with you.

• Leave manuals and any important notes for the new owners.

• Make sure you turn off the lights, hot water system, gas meter and electricity switchboard and lock the door when you leave.

• Leave the keys with the appropriate person or agency.

• Make sure you update your details with your vet. If you have an anxious pet, ask them for strategies to help keep them calm during the move. If you’re moving overseas, ask about vaccinations and special medications too!

Learn more about making moving day an easier process and how to plan for it in advance.

Remember we have a range of video tips for sellers. Head to our website for more information: barfoot.co.nz/sell/video-tips

RECENT SALES

The following pages show a summary of sales in Blockhouse Bay and our surrounding areas made by all selling agencies during February 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.

Blockhouse Bay February 2023

$1,180,000

2

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.

Avondale February 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.

These days, selling a property is all about views.

Buyers now spend more time than ever online, so it’s smart to market your property there too. Fortunately, our salespeople are well-versed when it comes to all things digital. Want a 3D walkthrough to fully showcase your home’s features? We can do that. Or to advertise your place with a video on Facebook or YouTube? Not a problem. And we have a wide network of property websites to list your property on, ensuring your place is seen by as many potential buyers as possible. To find out how else we can help, check out our website.

New Windsor February 2023

54

5

Waterview February 2023

7A

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.

Meet the team

I have had the honour of working with many talented and experienced real estate salespeople during my 28 years in the industry. In June 2001, I opened our Te Atatu office and for the last 16 years, I have have had the privilege of managing the amazing Blockhouse Bay branch.

At Barfoot & Thompson Blockhouse Bay I have a team of 44 highly motivated individuals, consisting of salespeople, a rental team and office administrators, all of whom have a wealth of local knowledge and together we have over 400 years of industry experience. We perform consistently well in both rentals and sales due to our expertise, commitment to looking after our clients and passion for real estate. We play an active role in the Blockhouse Bay community as a team, as well as individually, supporting many local causes including Probus, Blockhouse Bay Primary, Blockhouse Bay Bowling Club and other local charities and fundraisers. As part of the Barfoot & Thompson network we have immediate access to 77+ branches with more than 1,800 salespeople. We physically cover the greater Auckland region and Northland, and the Barfoot & Thompson and other associated websites provide international exposure to your property listings 24 hours per day, seven days a week. We pride ourselves on being one of the most technologically sophisticated real estate agencies with advanced computer systems managing listings, data management and providing the latest information on market trends, finance and buyers to enhance your real estate experience.

If you’re thinking of selling, feel free to phone us, visit our branch page, www. barfoot.co.nz/blockhousebay, or call in and have a chat. Our experienced, friendly staff will be happy to guide you through the process of choosing an effective marketing solution to maximise the sale price of your property and when you find your dream home we will work with you to make the dream a reality.

I look forward to meeting you soon.

Residential Sales team