With school holidays in full swing and Easter just behind us there isn’t a great deal to report on this week. Next week we will have the REINZ data for March and also an updated current inflation rate both of which will create a lot of discussion and plenty to talk about. For now, enjoy the holidays if you have kids, and for everybody else, I hope your enjoying a little less traffic on the roads!

This Week’s Wrap 
– The Short Story
– Listings & Stock Availability
– Auction Results

The Short Story
Stock levels continue to decline while clearance rates on average are about the same, but the energy is better. Look out for more stock post school holidays, but based on what we are seeing, not a lot.

Listings & Stock Availability
Nothing to add here that hasn’t already been mentioned above.

North Shore Stock Levels:
1395 on oneroof.co.nz – Last week 1410
1319 on TradeMe.co.nz –  Last week 1334
1356 on realestate.co.nz – Last week 1368

Auction Results
Our 4 week average excluding the one poor week is actually pretty good at around 43%. The energy in the room is strong and buyers want to buy, but only at reasonable prices reflective of the market.

Harcourts C&C
W/e 26/03 – 48% (10/21) 
W/e 02/04 – 25% (5/20) 
W/e 09/04 – 40% (6/15) 
W/e 16/04 – 42% (5/12) with 1 more to call
4 week average 38%
12 week average 37%

Barfoot North Shore 
W/e 26/03 – 26% (5/21) 
W/e 02/04 – 22% (5/23) 
W/e 09/04 – 47% (7/15)
W/e 16/04 – 29% (4/14)
4 week average 30%
12 week average 30%

Combined 4 Week average: 34%
Combined 12 Week Average: 33%

Auctions with Active Bidders:
55% last week
67% over the past 4 weeks

That’s it from me, remember if you ever have any questions please just give me a call.

Have a great weekend!

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Kris Cunningham & Team are all Licensed Sales People under the REAA 2008

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