RESIDENTIAL RURAL

While it wasawet start in 2023 in Northland, thereisstill some heat in the property market, with deals signed and agentscontinuing to showcasebeautiful properties.

If 2022 wasa year of change,webelieve 2023 will be ayear of stability. Thepre-Christmasperiod sawcaution from buyers navigating the tightening economyand considering the impactofraising interest rates. Whilethe REINZdatashows amedian sales priceof$730,000 forthe Whangareidistrictin2022*, the Bayleys Whangarei median sales pricewas $850,000

Auctionsremain the bestway to reachcashbuyers. Sam Swinburne’s sale of 220 NgunguruRoad sawinterestedparties spilling outofthe auction room,with 22 bids placedbeforesellingfor 35%overthe RV.Jude Coplandsaw similarsuccess,with21bids received for730 Taiharuru Road beforeselling for32.5%overRV.

Ourteamismovingintothe newyear with in-depth knowledgeofthe market and afinger on the pulse of change. There’sa buyer forevery property in everymarket, and Bayleys Whangarei arethe experts at finding them

Rachael Dennis Whangarei SalesLeader

*SOURCE: REINZ Whangarei District, Jan -Nov 2022, residential ex sections.