SELWYN MARKET

December 2022 - February 2023

MEDIAN HOUSE PRICE FOR THE LAST 12 MONTHS

NUMBER OF HOUSES SOLD 181

MEDIAN SECTION PRICE FOR THE LAST 12 MONTHS

NUMBER OF SECTIONS SOLD 94

MEDIAN

DAYS ON THE MARKET 49

Information sourced from REINZ as at 13th February 2023

RENTAL PRICE FOR THE LAST 12 MONTHS

Rural Lifestyle Market

December 2022 - February 2023

The rural lifestyle market has continued to experience solid market interest with a shortage of good properties the restricting factor over recent times.

When looking at our lifestyle market over the last quarter we have realised the resetting of market conditions and yet just as quickly we are now experiencing the comfort people now have in going forward and are now actively looking to sell or find property.

Purchasing a lifestyle property offers a wide range of demographic purchasers their desire to live in a less busy and cluttered environment. Young families looking for a more wholesome living, larger land space offering hobby interests and business options, others just looking to experience the peace of the country.

The development of Canterbury’s major arterial motorways has been game changing in bringing country to town. From most of our outlying settlements and lifestyle property clusters the commute to schools and community services is down to acceptable urban commuter timeframes.

With the value of properties steadily increasing the investment into the rural market is very sound and sort after. North Canterbury market rising 57% in the last 12mths ( medium sales value) and Selwyn rising by 22.7% (medium sales value). What also unfolded since covid lock downs and the climatic disasters in other regions of NZ is that Canterbury with it’s city rebuild and affordability has become an attractive destination with demand from people moving to our region being realised weekly.

With the economic outlook seemingly starting to level the comfort people will have to start looking again at their future living options will see more lifestyle properties come to the market and provide the living environment many have been dreaming of. At Harcourts we have a team of dedicated rural lifestyle sales people that are available to help in each of the rural catchments areas. Our people either live or have lived in these rural areas and understand fully the services and amenities on offer in each area.

RURAL & LIFESTYLE MARKET STATS

SELWYN

MEDIAN SALE PRICE FOR THE LAST 12 MONTHS

There’s a massive shortage of rental properties available in Canterbury, and that’s putting pressure on good quality tenants.

Property Management Update Property Management Stats

The rental squeeze is forcing some of Harcourts’ long-standing tenants to leave properties which they’ve rented for years.

In some cases, the owners are moving back into their rentals, forcing great tenants out the door.

That’s “pretty stressful” for them, according to HFS Business Owner Penny Lovell, who says the company “cares” for its long term tenants.

With the shortage of rental stock and house prices easing, there’s never been a better time to buy an investment property.

Check Out Our Available Properties

WE LIST NEW PROPERTIES DAILY!

RURAL & LIFESTYLE PROPERTY MANAGEMENT

Information sourced from REINZ as at 13th February 2023