RURAL LIFESTYLE MARKET

An early winter and very wet weather has not dampened our Rural Lifestyle market which has continued to experience solid buyer interest, even with a lack of available properties the biggest challenge.

The interest from Cantabrians and families relocating into Canterbury has never been more evident. With good quality offerings within 25-35 minutes from the city fringes continuing to achieve excellent results for our vendors and taking no time at all to find their new owners.

From a very unsettled period in our lives the desire to look after our own has become a real mind focus for many buyers looking at ways to accommodate extended family and young families endeavouring to create a meaningful, safe and rewarding lifestyle, swelling the interest in both North Canterbury and Selwyn rural settlements.

Market activity indicates a steady sales period with the last quarter (April-June) indicating a modest medium price value increase of 4% in North Canterbury and a 22% increase in unit sales growth. Selwyn recorded a small decline in medium property sales value of 3% and 5% in sales volume. Overall our market has experienced a 10% growth in unit sales over the last quarter giving a positive lead into the last half of 2023.

With spring now fast approaching the demand will only get stronger with the selection of available properties at it’s lowest in many years. If you are considering a move the time has arrived to talk to your local real estate expert to ensure you enter the market at the right time to capitalise on the new buyers that are in constant contact and looking for their next investment.

As quoted in our North Canterbury and Selwyn brief, the market is seeing excellent value in the quality and value for money our market offers. Well maintained, complete lifestyle holdings are seen as solid investments and life changing experiences that suburban city dwellers and out of Canterbury buyers are finding positive. With many aspects of our economy stabilising, banks rates more predictable, elections soon to be out of the way we are confident the Spring through to Autumn 2024 will be a busy time for buyers and sellers.