A $6,000 TV COMMERCIAL NATIONAL EXPOSURE FOR YOUR PROPERTY
“Never before has this been done...
A O SS N EE TV N
List with us & see your home featured on either TV One Breakfast or TV3 late night news. Reach between 30,000 - 95,000 viewers.”
Property Talk with Mike Pero Fendalton Welcome to our first newsletter of the year - we hope you had an enjoyable holiday break and we’re looking forward to giving you informed property updates throughout 2015.
A 15 second TV commercial produced by a professional ‘agency’ elsewhere and played on TV One or TV3 could cost you in excess of $6000+gst. For a limited time only. Conditions apply.
0800 000 525 www.mikepero.com
Mike Pero Real Estate Fendalton 03 928 1936 403a Ilam Road, Fendalton Lindsay Welch
Marilyn Welch
Paul Blackler
Claire Daly
Mark Hawthorne
027 577 0216 027 577 0214 027 528 8865 021 276 4449 022 012 1836
Anna & Ricky Rhodes (mortgages) 021 278 8607 | 027 447 8562
Mike Pero Real Estate Ltd Licensed REAA (2008)
It’s no secret that numerous parts of the country have experienced increasing house prices. However in mid-January, Building and Housing Minister Nick Smith announced that there would be a proposal to implement 10 dramatic changes to the Resource Management Act (RMA) which the Government expects to combat the soaring price of housing.
Mike Pero Real Estate Ltd Licensed REAA (2008)
FEB / MAR ‘15
The RMA overhaul is said to be critical to addressing housing and affordability - it’s a hot topic and we will keep a close eye as to how this issue unfolds.
Their findings reflect the typical summer slowdown, however they appear a little more pronounced due to the strong figures recorded in December 2014.
In this edition of our newsletter, we offer some New Year’s resolution tips to those looking at selling their home in 2015.
Enjoy the last of the stellar summer sunshine and if you are thinking about buying or selling in the near future then we would love to assist you in this process. Feel free to give us a call on (03) 928 1936.
REINZ statistics noted that the national median price for January 2015 was sitting at $426,000 - this is an increase of $24,000 compared to January 2014. Sales were down 31.5% compared to December but were up 2.6% compared to January 2014.
Best wishes,
Lindsay, Marilyn & the team
0800 500 123 www.mikepero.com
Mike Pero Real Estate Ltd Licensed REAA (2008)
What’s Happening in the Market? Compared to January 2014, the median price increased by $30,000 (+8.1%) across the Canterbury/Westland region with prices rising 36% on the West Coast, 15% in Timaru and 6% in Christchurch. Compared to December, the median price remained steady at $400,000.
According to REINZ January 2015 statistics, the median price trend has now eased to steady, while the sales volume trend is now easing. The days to sell trend continues to fall with the overall trend for the region now easing.
Median Price Breakdown - January 2015
The January 2015 median recorded in Fendalton was $668,100 with 18 dwellings sold over an average of 38 days. This is a $53,100 (+8.6%) increase compared to January 2014. The January 2015 median sale price in Ilam was sitting at $680,000 with just five sales recorded.
West Coast South Canterbury Timaru Mid-Canterbury
$225,000 $235,000 $281,625 $300,000
North Canterbury
$370,000
Rangiora
$415,000
Christchurch
$415,000
Source: REINZ
Sales volume fell 14% across the region compared to January 2014, however the West Coast and North Canterbury bucked the trend with 35% and 5% increases respectively. The number of days to sell eased by eight days in January, from 29 days in December to 37 days in January.
REINZ Regional Director, Jim Davis commented that, “the number of first home buyers in the market is rising, and although there are a good number of investors also active overall buyers as a group have the luxury of being more selective as the number of listings has steadily increased. This increased choice has meant individual properties may be seeing lower attendance numbers at open homes, with greater availability. Overall the market is still steady and there are just a lot more options for buyers compared to most of last year.”
Thinking Aloud A very warm and sunny welcome to 2015! That’s Christmas and New Year celebrations done and dusted for another year. Reflecting on 2014 – wow – what a ride. From our perspective we saw more people move into new homes than the previous two years. In other words for us it was a year of growth. I hope 2014 was a happy year for you and that you met your personal (and career) goals and objectives.
Mike Pero Connect FREE $6,000 make the move easier Marketing Package Simplify your move by using our free service. We can move and connect all your services List your home for sale with us at your new home including electricity, gas, and receive marketing phone, internet, a Sky TV and more.package valued at $6,000* FREE. Call 0800 000 525 and ask for Mike Pero Connect or visit us ourtoday website. Contact for further
information on 0800 500 123
www.mikepero.com/connect
New Year’s Resolutions for Home Sellers With every New Year comes a raft of noble New Year’s resolutions – eat healthier, join a gym, quit smoking, save money, manage debt and the list goes on. However, if you’re thinking about selling your home in 2015, then here are some resolutions that could help boost your chances of a swift and successful sale. Avoid over-spending on renovations
So what’s in store for 2015? I can see a productive, positive and exciting year ahead. For a start, fuel prices are at a five year low. As that’s one of our major household expenses, for some it could be seen as the equivalent to an interest rate cut. As for rates, they look likely to remain constant until at least September. House prices will always rise and fall based upon demand so ownership will be a function of determination. I still believe that it comes down to the individual. First-home buyers will always struggle to grab that last rail on the ladder but existing owners will always benefit as values rise.
Sometimes people will look to renovate their home prior to selling with the intention of adding extra value. However it pays to tread carefully, mammoth makeovers are very risky and it’s best not to try and anticipate what buyers want in terms of décor and design. Remember that renovations don’t necessarily translate to market value. Smaller and more affordable ways to add value to your home could be as simple as replacing door handles or updating kitchen cabinetry.
Speaking of selling – that’s what we love doing! It’s our specialty area - the more the merrier! We’re here when you need us.
Don’t neglect minor repairs It’s a wise idea to set aside a few weekends to fix those pesky pieces that need to be repaired. Whether it be that dripping tap or small crack in the wall - ensure that they
aren’t a symptom of a larger problem that will crop up in a builders report. Rope in a friend or family member to take a tour through your home. Ask them what imperfections meet the eye and make sure they are brutally honest. They will pick up on things that potential home owners will also notice.
Always be one step ahead It’s important that you don’t let your future plans get lost in the whirlwind of selling your home. It’s best to be prepared for where you will be going once your home has sold - especially if it sells quickly! On the other hand, you also need to prepare yourself with a plan B if your home doesn’t sell quite as quickly as you anticipated.