We are often asked “what is the best time of year to sell?” In our opinion, the next period until the September school holidays is one of the most beneficial for home owners. Why? Because whilst the number of buyers in the market is unaffected by the season, home owners generally pick springtime, pre-Christmas to go to the market. Consequently, the same number of buyers is spread over a greater number of homes available.

As we approach the end of the mid-winter school holidays, as a company we can report one of the best Julys on record. We have particularly enjoyed an increase in activity and sales in the $2million - $4million plus range and note an increase in listing activity as we head towards Spring time

The CPI data out Tuesday showed inflation at 0.7%. This is the fourth consecutive quarter the result has been below the RBNZ target range of 1.3%. This information tends to further confirm interest rates are unlikely to rise before early to mid 2014.

We are seeing vendors committing to marketing programmes commencing after the current school holidays. This tends to be an industry trend we experience every year. The pre-launch work required has us busy and available. In short, we are keen to talk to you about selling your home and if you’re buying, we have some exciting new stock coming up.

Shortage of Homes

The seasonal shortage of homes for sale is having the effect of intensifying competition around some homes, resulting in premiums being achieved. This phenomenon has seen Auckland’s median house price once again on the rise. As a consequence, the Auction approach is a particularly effective tool in establishing today’s market value.