Property Talk with Highland
Park
The trend in the median price has flattened over the past year with the volume trend recently flattening from a falling trend. The days to sell trend continues to ease. The House Price Index is remaining fairly steady, remaining effectively the same as 12 months ago.
• Median Price down 1% • Sales Count up 2% • Days to Sell increased two days Compared to March 2018: • • • •
Median Price down 3% Seasonally adjusted median price up 0.4% Sales Count down 24% Seasonally adjusted sales count up 0.3% • Days to Sell unchanged
sales, prices holding and a good listing
For example, Franklin sees a steady demand, with moderate increases in
be any major changes to the current
base, whereas East Auckland is seeing a slowdown in auctions and open home attendees. Rodney continues to see an influx of out of town buyers looking to re-settle within the region as parts of Rodney are currently experiencing high growth in commercial building activity. Auckland’s property market is always changing, but it is likely that there won’t patterns until spring.”
826,500
Pakuranga
850,000
Pakuranga Heights
$820,000
Manukau
April 2018
Compared to April 2017:
2018
Bindi Norwell, REINZ CEO, says “Auckland continues to see strong interest from first home buyers, however, price remains an issue. The REINZ HPI and median house price remained stable, but vendors are reticent to list unless they have a genuine need to sell as buyers are slow to make decisions. The Auckland property market is showing signs of becoming more complex with different sales patterns within the region.
Median Price Breakdown
O
ur seasonally adjusted results tell us that, compared to what we expect when moving from March to April, the observed decrease in median price was what was expected and the observed decrease in sales count was what was expected. The current Days to Sell of 37 days is slightly more than the 10-year average for April which is 34 days. The level of inventory available for sale currently sits at 21 weeks, two weeks more than in April 2017.
Autumn-Winter
$998,000
Howick
$890,000
Highland Park
$855,000
Half Moon Bay
REINZ Residential Statistics Report for April 2018 “Real estate industry sees highest annual volume increase in 23 months”, says REINZ “The last time there was an annual increase in the number of properties sold that was this strong, was in May 2016. It is a pleasing result for the industry that we have had three out of four months suggesting that the market is in a good position,” says REINZ Chief Executive, Bindi Norwell. For more REINZ HPI information, see https://www.reinz.co.nz/reinz-hpi
Northland
$455,000
Auckland
$850,000
Waikato
$503,000
Bay of Plenty
$570,000
Gisborne
$320,000
Hawke’s Bay
$431,250
Manawatu/Wanganui
$305,000
Taranaki
$365,000
Wellington
$558,000
Nelson
$550,000
Marlborough
36
Median days to sell in APRIL
$550,000
national median sale price The REINZ House Price Index shows: National
+3.8% on April 2017
$420,000
National ex Auck
+6.6% on April 2017
Tasman
$530,000
Auckland
+0.9% on April 2017
West Coast
$172,000
Canterbury
$441,000
Otago
$460,000
National
-0.1% on March 2018
Southland
$250,000
NZ excluding Auckland
$460,000
NEW ZEALAND TOTAL
$550,000
National ex Auck
-0.0% on March 2018
Auckland
-0.3% on March 2018
PAKURANGA HEIGHTS
PAKURANGA
EAST TAMAKI
Family Home Plus Sleepout!
Get More For Your Money - Income Opportunity
Walk To Botany College - Immediate Possession!
4
3
3
1
ID# RX1479894
1
ID# RX1462021
1
ID# RX1479894
FLAT BUSH
NORTHPARK
PAKURANGA
Immaculate Brick & Tile Family Home
Vendor Says Sell!
Vendors Downsizing - Must Sell!
4
4
2
ID# RX1449857
2
ID# RX1418677
4
3
ID# RX1400856
HOWICK
BOTANY DOWNS
HALF MOON BAY
Central Howick Brick & Tile
Vendor Moving Out Of Auckland
Solid Home in a Great Location!
3
3
3
2
1
1
Finding Buyers - It’s What We Do Best! The team at Mike Pero can save you thousands with their 2.95%* commission Innovative Marketing, Great Results! You can’t sell a secret, so list with Mike Pero today! and get SOLD! Check out my website suzannemcdowell.co.nz and LIKE me on Facebook! @suzannemcdowell.mpre
Lauren McDowell 09 216 8532 / 021 022 65422 lauren.mcdowell@mikepero.com
Suzanne McDowell 09 215 2787 / 027 494 2405 suzanne.mcdowell@mikepero.com
Mike Pero Real Estate Ltd Licensed REAA (2008)