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Property market report

When some agents are blowing smoke let’s look at the facts:

Supply of property listings on the market are up, in part, due to residual listing pressure and sales not clearing the back-log of stock in density areas where urban design and spec-building activity has been high.

The opposite is true in the rural and lifestyle market where listings are few and seller expectations are elevated. What we are seeing is a strong demand by property migrators to move away from high density living into green spaces. However lending restrictions prohibit significant prices being paid in many instances.

The performance of auctions hit a record low with one sale out of twelve auctions through all of Rodney and Waitakere districts within the Barfoots auction rooms highlighting the lending restrictions in place and the scarcity of open finance arrangements.

We are having good sales success within this current market with Vendors that appreciate the market has passed full tide and accepting value at a mid-level but certainly still up significantly from 2020 prices.  We always said that values which rise quickly due to artificial demand are just as quickly brought down, and the words unsustainable price rises were just that “unsustainable”.

So, my suggestion is to select a great agent that has been around for a long time, is AREINZ, and communicates well and develop a plan and a price that will have you on and off market in a sensible time frame. Consider the marketing elements that herald the biggest bang for buck.

With so much speculation and smoke blowing, I welcome the opportunity to have a conversation about your home, the exclusive marketing we can offer, and the time frame you’ll spend on market. This is at no cost to you and will provide clarity and confidence.

Let’s look at the sales from last month:

Hobsonville                             $620,000 to $2,000,000

Massey                                     $730,000 to $1,525,000

Swanson                                  $960,000 to $1,375,000

West Harbour                          $1,130,000 to $2,960,000

Westgate                                  $850,000

Whenuapai                              $1,210,000 to $2,300,000

Give me a call today on 0800 900 700 for more information. After 17 years of making people my priority in real estate, you will benefit from unparalleled experience, care and commitment. It costs no more to use a more experienced customer focused agent that puts you, front and centre.  Graham McIntyre phone 027 632 0421 email graham.mcintyre@mikepero.com - Mike Pero Real Estate Ltd Licensed REAA (2008).

12 Aug

Come down to Catalina Bay and support your local businesses this winter

If you haven’t been down to Catalina Bay lately why don’t you come and visit one of your local businesses? There is a lot on offer, from coffee and donuts to Pilate’s classes. Although the construction fencing may make it appear otherwise, all businesses are open and easily accessible on foot...

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8 Aug

Final stages of Summerset pre-selling now

If you’ve ever been curious about village life, now’s the time to get in touch as the final stage of the village is pre-selling now and proving to be popular.

We’d love to give you a taste of the Summerset life that our residents love so much and show you around our beautiful village and show homes...

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5 Aug

Wak a Rat Project – Workshop and Subsidised Rat Traps

Rats, Possum and Ferret numbers will probably peak in August as the weather gets warmer and food is in abundance. Warmer winters facilitate mass breeding and a feast upon young native birds and other wildlife. “Rats eat wētā and other insects, snails, frogs, lizards, tuatara, birds, birds’ eggs and bats, as well as the flowers, fruits and seeds of plants. “ (Predator Free NZ) Increased subdivisions and urban sprawl provide further food and warm homes for these pests and predators...

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August 2022

the Westerly August 2022

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