Proving your identity
Quarter Update | February 2020
Quarter Update | December 2019
As we head towards the second half of the year we look back at how the summer property market has tracked and what’s instore for the months ahead. The Hibiscus Coast has been very much aligned with the Greater Auckland market, which largely saw prices flat line throughout 2019. The positive though is that the North Shore has seen a 10 percent decline in average prices, whereas the Hibiscus Coast has only seen a 3 percent adjustment so far.
The key factor across the Hibiscus Coast and further north is that the average days on market in most areas has lengthened. Properties are selling but buyers are just taking longer to make their decisions. Within our local Bayleys branches we are consistently seeing deals still happening despite the media reports.
Standout stats when looking at April 2019 in comparison to April 2018:
Red Beach, Orewa and Hatfields Beach – saw a 26% decrease in the number of sales along with a 9% decrease in average price. However, a consideration needs to be made for a movement towards more affordable homes coming to the market and greater activity by first home buyers within this market.
Mahurangi West, Puhoi and Waiwera – the average days on market has significantly increased by 96 days to 167. In addition to that we’ve seen a great number of high end properties come to the market within these areas.
Within the residential property markets across the Hibiscus Coast in April 2019 properties that went to auction sold for a higher average price in comparison to all other methods of sale.
In order to maximise the value of your property in today’s current market we suggest the following:
Invest in marketing – now is the time to make your property stand out from the competition.
Create urgency for buyers – auctions, set sale dates and tenders are a great way to draw a line in the stand with buyers.
Presentation – first impressions are key and you want buyers to feel like they’re at home.
Be realistic with price expectations – don’t waste your time or energy with unrealistic price expectations, capital gains are achievable but within reason
Be knowledgeable of your local market – buyers are aware of what’s in competition with your home and how much recent sales went for in the area. Be smarter than them!
As we head into the depth of winter the number of listings drop and it’s a savvy time for smart owners to sell with less competition. If you would like to know more about your local market, the current value of your home or how Bayleys Hibiscus Coast could assist you, please get in contact today.
CROHNS AND COLITIS NEW ZEALAND (CCNZ)
Gabrielle is proud to be hosting two movie fundraiser evenings at Matakana Cinema with incredible raffle prizes donated by the local community. All proceeds will go towards CCNZ, specifically Camp Purple Live 2020, an outdoor camp for children with Crohns and Ulcerative Colitis. If you’re looking for a fun outing this winter please get in contact for tickets on 021 567 573 or email@example.com
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