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OneRoof.co.nz Property
HaydenClarke BRANCHMANAGER BARFOOT &THOMPSON KERIKERI
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2022showedsteadilydecreasingsales volumesandmedianhouse prices culminatinginthe extremelow of only 7residentialand ruralsalesin Decemberfor Kerikeri andthenine surrounding suburbs.2023 on the otherhandhas been abitof arollercoaster with surges of activity resulting in multioffersandstronginterestinterspersed with reportsofempty open homesandfrustratinglackofinterest. If we averageitout,sales numbers were very lowinJanuary and February. However, there seems to be asurge in contractsbeing writteninMarch thatwillresultinincreasedsales for Marchand April(once numbers arefinalised). Withtheslowing of the marketin2022manybuyers were localas Aucklanders andthe rest of the country struggledwithsellingtheir properties. Morerecently in January and Februaryflood afterflood and road closuresseemed to continue to keep peopleatbay. March, however, hasseenanincrease ofenquiry and viewings from nonlocal buyers.
“It’stime for the FarNorth District Council to upgradetheir rubbishand recyclables collection.
“Itseems ridiculous to stillhavetopurchase rubbishbagsina ruralareaand tiny recyclebins youhavetopurchasetagsfor.
“Theareaneedsanupdateontheirinfrastructureasthe town has grownso fast,”shesaid.
Havingsaidthat,however, shecanseeherselflivingin Kerikeri for along time.
One of themaindrivers inhouse pricesurgesandthestrength of the marketin2020and2021was asignificantlackoflistingsinKerikeri. For 2022andearly 2023monthlylisting numbers remainedslowbut the cumulativeeffect of lowsales numbers hasseenthe totalstocknumbers in Kerikeri and surroundingareas graduallyincreasefrom itslowinAugust 2021(height of themarket) to 350nowandsteadilyclimbing with asurge of newlistingsevidentinthemonth of March. To keep itin perspective thisisstilllower thanthe preCovidstock numbers that typicallysatabove 400listings. Whoknows whatthe Kerikeri markethasinstorebut while itis alongway offthe2021market,thesignsinlistingandsalesactivity in thepastmonthmakeusquietlyoptimistic for the rest of 2023.
