Property Talk
SUMMER 2018
Michelle’s 2018 Summer Market Update We are well into the swing of things for 2018 now with the kids back at school. Around this time we traditionally see a noticeable increase of listings enter the market. That is certainly what we are hoping for again this year as there are still an abundant number of genuine buyers ready to purchase properties across all price ranges in our region. For me personally, the year has started with most of my current listings selling quickly or currently under offer. The entire company of Mike Pero Real Estate has had an outstanding start to 2018, both with new listings and sales, and I am looking forward to another year of achieving premium results for my past, present & future clients. REINZ Chief Executive Office, Bindi Norwell, says “The Nelson/ Marlborough/Tasman region remains very positive across all price ranges, driven by expats and New Zealanders from outside the area looking to invest in Nelson/Tasman as it still remains an attractive market from both an affordability and lifestyle perspective.
We try harder.
The region experienced the traditional quiet Christmas market that we have become used to seeing over the years. The main purchasers of property are owner/ occupiers and they are spread across the market price wise. One trend we can expect to see going forward is more properties being advertised with a price rather than via auction or negotiation – just providing the market with a little more certainty as to the pricing”. I hope you have all survived the stormy rainy weather & we can enjoy some more summer weather soon. If you are thinking of buying or selling in 2018, then I would love to assist you in this process. Feel free to give me a call on 544 4634 or 021 760 068 for a chat.
Michelle
“ We’ll go to great lengths to sell your home for more, in less time and with lower fees.” 0800000 000525 525 mikepero.com mikepero.com 0800
Annual Median Price Changes
REINZ Residential Statistics Report for January 2018 Record-breaking heat sees year-on-year sales volumes lift for the first time in 19 months.
JANUARY 2017 - JANUARY 2018
NATIONAL MEDIAN PRICE CHANGE YEAR-ON-YEAR :
UP 7.1% TO $520,000
RECORD MEDIAN PRICES
Increased / Decreased
“The REINZ HPI shows that New Zealand’s housing market is in a strong position for the month of January. Whilst people are taking more time to purchase, which is obviously a good thing in terms of due diligence, listings are still low compared to previous years, highlighting that buyers are still facing a $438,000 shortage of choice - particularly in areas such as the Hawke’s Bay and Wellington” says REINZ Chief Executive, Bindi Norwell.
$520,000 median house price
46
Median days to sell in JANUARY
Median house prices for January 2018 were recorded as follows: Northland Auckland
$430,000 $820,000
Waikato
$490,000
Bay of Plenty
$535,000
Days To Sell
Gisborne Hawke’s Bay Manawatu/Wanganui Taranaki Wellington Nelson Marlborough Tasman West Coast Canterbury Otago Southland NZ excluding Auckland NEW ZEALAND TOTAL
$283,000 $438,000 $286,000 $365,000 $500,000 $510,000 $410,000 $550,000 $135,000 $435,000 $475,000 $240,000 $432,500 $520,000
The median number of days to sell a property nationally increased by 5 days from 41 days in January 2017 to 46 days in January 2018. Nationally, this is the highest median number of days it has taken to sell a property since February 2012.
The REINZ House Price Index shows:
$475,000
REINZ House Price Index The REINZ House Price Index for New Zealand, which measures the changing value of property in the market, increased 3.4% year-on-year to 2,655. The HPI for New Zealand excluding Auckland increased 6.6% from January 2017 to a new high of 2,491 and Auckland’s HPI increased 0.1% for the same period. The REINZ HPI also showed that 6 out of 12 regions experienced a new high in January – Northland, Waikato, Bay of Plenty, Manawatu/Wanganui, Otago and Southland. Regions with the highest growth year-on-year were Gisborne/Hawke’s Bay 13.7%, Southland 13.2% and Manawatu/Wanganui 11.6%.
Regions with the biggest increase were West Coast (+87 days to 159), Taranaki (+16 days to 56) and Gisborne (+13 days to 43). The only region with a decrease in the number of days to sell year-on-year was Northland – down 3 days to 45.
Inventory The number of properties available for sale nationally increased by 7% (from 23,844 to 25,503) compared to 12 months ago, and for New Zealand excluding Auckland the number of properties available for sale increased by 1.10% (from 16,636 to 16,824). Were it not for the 20.4% increase in listings in Auckland (up to 8,679 from 7,209) the national picture would be much lower.
Price Bands Between January 2018 and January 2017, the number of homes sold for between $500,000-$750,000 increased from 25.2% of the market to 27.8% of all sales. Additionally, the $750,000-$999,000 increased year-on-year (from 12.9% to 13.5%) as did the $1 million to $2 million category (from 9.0% of the market to 10.1% of the market).
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National
+3.4% on Jan 2017
National ex Auckland
+6.6% on Jan 2017
Auckland
+0.1% on Jan 2017
National
+0.1% on Dec 2017
National ex Auckland
+0.7% on Dec 2017
Auckland
-0.6% on Dec 2017
For more REINZ HPI information, see https://www.reinz.co.nz/reinz-hpi Source: REINZ
Median Price Breakdown for January 2018 $450,000
Stoke
$645,000
Richmond
$510,000
Nelson City
$409,000
Motueka
$490,000
Marlborough Sounds
$410,000
Marlborough District
$420,000
Kaikoura
After Dark As dusk descends, clever lighting can accentuate your home’s best assets and alter the mood indoors and out. Not just a practical consideration, with a raft of dynamic design possibilities, lighting can enhance your experience in and around the home. Whether you are seeking to accentuate architectural features, transform your outdoor entertaining areas or inject some excitement into your interiors, lighting is a vital aspect worth investing in.
OUTDOOR LIVING Once the sun sets, clever lighting design increases safety and security, by illuminating paths, steps and doorways, while creating a captivating ambience. Dining at dusk is now a magical experience, where landscaping elements such as fish ponds, swimming pools, sculptures, trees and plantings emerge from the shadows. For a warm, enchanting glow, tea lights in glass jars can be hung from tree branches or fairy lights can be draped over table settings.
TASK VS AMBIENT Most areas in the home will benefit from a combination of task and ambient lighting, unless they function exclusively as utility spaces. Bedrooms and bathrooms, as well as living and
kitchen/dining areas will demand both as the needs of the occupants change throughout the day and night, and depending on the activity. Task lighting, in the form of LED strips can be integrated into custom-made joinery in kitchens, bathrooms, bedrooms and walk-in robes, and this can be combined with a mix of hanging pendants, wall lights and table lamps for an intimate, relaxing atmosphere.
SHOW STOPPING PENDANTS Lighting can create instant impact in the foyer, or bring focus to specific zones within larger spaces, like over the dining table in an open plan living room. High-octane drama can be created with a single statement pendant in a stairwell, or with smaller pendants clustered together at different heights. And, as powder rooms increase in
popularity, you can pull out all the stops, using a killer combination of pendant lights, mirrors and artisan wallpaper.
ARCHITECTURAL HIGHLIGHTS As technology advances at breakneck speed, developments in home automation and electrics have paved the way for ingenious and impactful lighting design – to maximise your home’s best assets after dark. Strategic lighting not only improves safety and security, but also adds magical ambience to your outdoor areas. Uplighting accentuates textures of building materials and enhances key architectural features, and this can be pre-programmed to come on the minute the sun begins to fade.
0800 000 525
mikepero.com
TASMAN
4
Unparalleled Views of Tasman Bay
RICHMOND
0800 000 525
ID# RX1342942
3
Funky Sophistication
ď Ź
mikepero.com
3
2
WAKATU
3
Almost New with Breaktaking Views
RICHMOND
2 ID# RX1363435
4
2
Classic Family Home in the Zone
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