Housing again flavour of month

Doesn’t it feel great to have a long weekend to look forward to?

The positive vibe around residential property continues. Read the latest Herald article here The budget was necessarily austere, overall in spite of the difficulties there is a general consensus that things are on the improve.

The real word on the street:

The Sunday papers talked depressed prices and this week’s Herald article about the massive overall drop in the Nation’s value of residential real estate has many homeowners erroneously conclude it’s a bad time to be on the market.

We are seeing an overall increase in activity, sales and some examples of premium prices being achieved.

Thinking of selling? Please allow us to explain what is actually happening.

More demand than supply

We have experienced intense competitive bidding at all of this week’s auctions, plus a sale rate that continues at pace.

We can’t help but feel buyers are in front of the commentators and have reacted to a bottoming out, about 6-8 weeks ago.

Home owners, it seems, are under the misguided view that it’s a bad time to sell – consequently demand is outstripping supply.

Winter's warming up

It’s getting colder and winter is definitely upon us. No sign however of the housing market going out in sympathy. If anything, it feels market sentiment is warming.

We note the average house price in Auckland gained 2% last month. April was another improved month for us – we currently have a shortage of homes.

It’s actually a better time to sell than it’s been for
many months.