Blueprint Issue 9 (23rd January 2018)

Blueprint ISSUE 9 CURRENT TO 30 JANUARY 2018 TEAMHARCOURTS.CO.NZ

THE REGION’S LARGEST AND ONLY HOME-DELIVERED REAL ESTATE MAGAZINE

Reap The Benefits Of New! AOTEA, 41 JOHN BURKE DRIVE MARKETED BY MARTY RITCHIE & MICKY LIMMER SEE PAGE 2 FOR DETAILS

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MARKET UPDATE. With most people having gone back to work this last week it seems like the Wellington real estate market is kicking straight back into life.

Eliot Falconer CEO, Team Group Realty Limited

increase of just over 6% and the Auckalnd region where there has been no increase in prices.

This week we’ve seen a good amount of new stock coming onto the market which bodes well for a big start to 2018.

Due to the national volume slowdown the LVR’s have been slightly relaxed which should help keep the sales activity bubbling along.

Traditionally February and March are two of the biggest months for volumes of sale as people return from their Christmas breaks with fresh plans for the year ahead.

Our prediction is that we should see a slowdown of the price growth as the year goes on, which makes now a brilliant time to sell and look to trade up.

Compared to the Decembers of the past 10 years, December 2017 saw a reduction in listings come to the market. Due to solid listing activity in November, stock levels in Wellington have moved from 5 weeks to 7 weeks. This is still the lowest stock level of any region in the country but it is showing an encouraging trend which seems to be continuing this year.

We’re all back and ready to help so give us a call and see how we can help you today.

From a price perspective Wellington has had an average price increase of just under 10% compared to the same month last year. This compares well to the national average

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