Stable start to the year

2010 seems to be developing on an even keel with Bollard’s decision this week to keep the OCR stable at 2.5%. Buyer demand is firm, no doubt fuelled by news of a net migration increase. We’re standing by for a significant increase in activity as the schools come back.

Demand remains strong

The decade has dawned with evidence of a strong recovery in the residential market. In the face of predictions of a substantial fall in values, the average price in Auckland is of an all time high. In short, the market is active, and demand for housing in the areas we service is strong and continues to be in short supply. If you’re thinking of making a change we need to talk.

Sales volumes increase

With school holidays ending, it’s obvious homeowners and buyers alike have their eyes on Christmas being not far away and are making decisions. The number of homes coming on the market is increasing – buyers are responding aggressively. For us, sales are on the increase.

Positive sentiment

The current now word is recovery. It seems almost every indicator is positive – even the All Black’s are in recovery mode! As predicted, the number of homes being listed is on the increase – the selection for buyers is increasing, albeit slowly. We notice buyers who have been looking for some time are market sharp and are now acting quickly.

School Holidays

We’re in school holiday mode, activity is high, open home numbers are strong, sales activity is steady. We note the talk of recovery generally is having a bullish effect on vendors. This may see many homes remain unsold.