Barfoot & Thompson | Te Atatu by barfootsuburbsales

Welcome to our SOLD Te Atatu Market Report magazine

for July 2024

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.

Tony Buckwell and the Te Atatu team

Latest News

Auckland Housing Market Remains in Recovery Mode

The arrival of winter had no impact on the Auckland housing market in June with sales prices edging higher than those in May.

“From a price perspective, June’s trading was positive with the median price at $1,020,000 hovering around where it has been for the previous three months,” said Barfoot & Thompson Director, Stephen Barfoot.

“Compared to the median price for June last year, it was 2.5 percent higher.

“The average sales price was more robust, edging up 4.5 percent over that for May to $1,236,336, which is 12.6 percent ahead of where it was this time last year.

“Both the median and average sales prices are now sitting well above the bottom of the price cycle which was experienced in June and July last year.

“Sales numbers at 681 were down a quarter on those for last month. May was a standout month for sales this year, and there is invariably a seasonal decline in sales as winter approaches.

“In the first six months of this calendar year, sales are well ahead of the first six months trading last year. This year we have sold 4,499 homes compared to 3,513 last year, an increase of 28.1 percent.

“With overall higher sales numbers and prices remaining constant, the market remains in recovery mode rather than going backward.

“At 1,506, a high number of new listings continued to hit the market, and at month end we had 5,736 properties on our books, nearly a third higher than in June last year.

“A feature of June’s trading was the strength of sales in the top

price segments, with 61, or 9 percent of sales, being above $2 million, with 19 of these sales being more than $3 million.

“In the last 7 months, we have only once sold more homes in the above $3 million price bracket than we did last month (in March of this year).”

Peter Thompson Managing Director

June 2024

Market share and figures

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.

Overall Market Share

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

For the period from 1st July 2023 to 30th June 2024, we sold 43% of all properties for sale in the area – that’s over 1800 sales made by Barfoot & Thompson!

Monthly sales overview in the local area* (*Recent Sales)

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,Glen Eden,Glendene,Green Bay,Henderson,Herald Island,Hillsborough,Hobsonville,Huapai,Kelston,Kumeu,Lynfield,Massey,New Lynn,New Windsor,Ranui,Riverhead,Sunnyvale,Swanson,Taupaki,Te Atatu Peninsula,Te Atatu South,Waimauku,Waitakere,Waterview,West Harbour,Western Heights,Whenuapai,Woodhill,Helensville,Kaukapakapa,Muriwai,Parakai,Shelly Beach,South Head. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month.

Number of Sales

1st April to 30th June 2024 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. 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.

FROM SALE TO SETTLEMENT

TOP TIPS

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

In our recent editions we have discussed the steps involved in selling your home, from getting ready to sell right through to the ins and outs of offers and negotiations. This article examines what happens after the sale, and on settlement day.

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

Congratulations: your property has sold!

After the bubbly has been popped and the celebrations are over, our clients often ask us: “Now what?” Not to worry, the route from sale to settlement is a relatively straight forward one, and your Barfoot & Thompson sales person will guide you every step of the way. Now what?

What do I need to do?

Unconditional vs. Settlement

Once the agreement you have signed “goes unconditional” it is legally binding, meaning both you and the purchaser now have to fulfil obligations specified in the contract in order for the property to change owership.

Deposit

Upon the sale of the property, the purchaser is required to pay a deposit. We will hold this deposit in the Barfoot & Thompson trust account for 10 working days.

We’ll work with both solicitors directly during this process and will let you know once the deposit has been transferred to your solicitor’s bank account.

Keys on Settlement

On settlement day, the remainder of the purchase price of the property is paid to you, and the Property Title is transfered to the purchaser, who will then be the new owner.

We’ll hold your house keys at our Barfoot & Thompson office until your solicitor advises us in writing that the above has taken place, at which point they’ll be made available for the new owner to collect. We won’t release your keys until we are legally entitled to do so.

There is a number of things you’re required to do as part of your duties as a vendor:

• You must ensure all chattels included in the sale are in reasonable working order on settlement date. Excepting fair wear and tear, they should be in the same condition they were in on the date of sale. If there is any significant damage, the purchaser is entitled to compensation from you.

• You must ensure all bills for electricity, gas, water and rates on the property are up to date. There should be no outstanding charges on the accounts on settlement day.

Before Settlement:

• Make an appointment with your bank to discuss your financial arrangements for settlement day, and to sign the necessary financial documents.

• Make an appointment with your solicitor. You’ll need to arrange to sign the necessary legal documents to transfer the property from your name into that of the new owners.

• Organise the move! Arrange for someone to look after your children or elderly family members during the packing/ moving process if required. Book a moving company if you’re using one, and start collecting boxes and newspaper to pack your things in.

• Arrange the transfer of water, telephone, electricity and gas services. You’ll need to contact your service providers to notify them that you’re moving, and have all services at the property transferred from your name. You’ll also need to arrange final readings on the day of your move.

• Transfer any other services and organise your change of address.

• If your property is tenanted, you may have arranged with the purchaser that the tenants stay on under the new ownership. If so, this should have been included in the Sale and Purchase Agreement. If not, the property must be vacant on settlement date.

On Settlement Day:

• If the property is sold with vacant possession, then you must let the purchaser (or anyone authorised by them in writing) complete a property check prior to settlement. They’ll check the condition of the property, including the chattels and fixtures that are included in the sale. They must give you reasonable notice for this visit.

• On the day of possession, you must make all keys available to the purchaser.

• The set of keys should include all exterior door keys, electronic door openers and keys or codes to any alarms on the property. If the property is tenanted, however, these items will remain with the tenant(s).

It’s good to remember that in between the date of sale and the date of settlement, the property and chattels remain in your name. This means you are responsible for any damage that may occur between the sale and the settlement date.

Learn more about the steps between sale/ purchase and possession in our video explaining what happens at the presettlement inspection.

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

Our salespeople have all the experience you need and are happy to provide you with more advice and information. Feel free to drop in at a branch, call, or contact us online.

With Barfoot & Thompson, not only do you have the strength of Auckland’s largest and most trusted real estate company behind you, you also have 1,700+ salespeople working for you.

Recent Sales

The following pages show a summary of sales in Te Atatu Peninsula and Te Atatu South made by all selling agencies June 2024.

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.

6 Arorangi Rise

$1,355,000

2/91A Beach Road

$900,000

9 Clinton Avenue

$1,350,000

Compass Place

$950,000

108 Kervil Avenue

$1,201,800

105B Matipo Road

$1,190,000

139

Matipo Road

$950,000

Lot 22/33 & 35 Matipo Road

$760,000

Lot 29/33 & 35 Matipo Road

$760,000

7 Onemana Way

$2,465,000 n/a CV

33A Renata Crescent

$900,000 $1,000,000 CV Land Size Sale price 344 Bedrooms 3 Floor size 104

1/28 Taipari Road

$641,500 $825,000 CV Land Size Sale price Crosslease Bedrooms 2 Floor size 70

3/684 Te Atatu Road

$1,015,000 $1,125,000 CV Land Size Sale price 127

7/684 Te Atatu Road

$985,000

1B Titoki Street

$897,100 $1,100,000 CV Land Size Sale price 407 Bedrooms 3

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.

26A Duncan Avenue

$795,000

3/132 Edmonton Road

$819,000

6A Highlight Parade

$1,238,000

9 Highlight Parade

$1,300,000

75 Jaemont Avenue

$1,085,000

22/172 Mcleod Road

$720,000

28/172 Mcleod Road

$649,000

14 Paton Avenue

$822,400

27A Royal View Road

$1,340,000

18 Sylvan Crescent

$828,000 n/a CV Land Size Sale price n/a

4 Floor size n/a

82 Sylvan Crescent

$1,200,000 $1,525,000 CV Land Size Sale price 857 Bedrooms 4 Floor size 160

213 Te Atatu Road

$950,000 $1,125,000 CV Land Size Sale price Crosslease Bedrooms 4 Floor size 200

66 Tirimoana Road

$1,260,000 $1,625,000 CV Land Size Sale price 1012

4 Floor size 220

12 Vera Road

$1,155,000 $1,480,000 CV Land Size Sale price 809

133A Vodanovich Road

$771,000 $985,000 CV Land Size Sale price 563 Bedrooms 2 Floor size 76

2 Wakeling Avenue

$1,380,000 $2,210,000 CV Land Size Sale price 1659 Bedrooms 4 Floor size 260

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.

Meet the team

Buckwell Branch Manager 021 771 339

Following a highly successful career as a real estate salesperson in the West Auckland Region for almost a decade, Tony Buckwell now leads the accomplished team at Barfoot & Thompson Te Atatu.

Awarded the #1 Branch Salesperson across multiple years and receiving numerous company-wide accolades, Tony thrives on sharing the skills and knowledge that contributed to his successes with the team he now leads. A commitment to excellence in customer service, innovation, attention to detail and belief in developing ‘clients for life’ are some of the key attributes which permeate the entire team.

In his own words, Tony explains “I see my role as providing the leadership and direction for a fantastic team here at Te Atatu. We are committed to providing an experience that exceeds the expectations of our vendors, purchasers, landlords and tenants. This is best achieved through a collaborative approach where we form a partnership with every client and customer.”

Team is everything at the Te Atatu Branch. Whilst recognising that everyone has their individual goals,

Customer Service

there is an understanding and acceptance that everyone can achieve more, and in fact reach their full potential, when working together.

Tony was a Professional Firefighter and Fire Officer for 24 years before joining Barfoot & Thompson. Again, in his own words - “I was first attracted to Barfoot & Thompson, a family-owned company, because of its reputation for ethical and professional service. Having come from a long career as an officer and manager within an organisation that regularly surveyed at No 1 for trust and confidence by Kiwis, this was hugely important to me. In all aspects of my business partnerships I stand by my core values of integrity, diligence and empathy. These values are my strongest drivers.”

Barfoot & Thompson is a successful organisation committed to best practice and maintaining a dynamic culture in which leadership, respect and selfresponsibility is nurtured. Tony and the Te Atatu Branch team operate from the same platform and look forward to the opportunity to work with you.

Tony

Lamia Assali

Residential Sales team

Mickey Byun 021 992 453

Julie Hey 021 356 021

Elissa Fisher 027 544 4888

Narender Kumar 021 326 880

Shanthi Radha Krishnan 021 163 9095 Harry Yu 021 420 916

Enock Gandam 021 034 2949

Mandy Li-Geraghty 021 892 088

Angie Gray 027 292 8337

Qiao Liu 021 850 665

Property Management team

Daniel Norcross Head of Property Management 027 839 1349

Danielle Williams Senior Property Manager 021 911 838

Christine Burnie Property Manager 021 024 19590

Barfoot & Thompson

534 Te Atatu Road, Te Atatu, Auckland 0610

Residential Sales 09 834 3570

Property Management 09 834 3328

Email teatatu@barfoot.co.nz

barfoot.co.nz/te-atatu