Short and sharp this week. We have some great new listings below for you to check out, and have plenty more coming so stay tuned!
We also had some great sales this week with one of our auctions at 12B Fallow Street selling well above reserve with 17 registered bidders!! We are also very proud to say we achieved 8th in the Northern Region of NZ for Harcourts for the quarter and our office here at Smales Farm took out the top small office!!
In other news BNZ were the first of the banks to introduce Debt to Income ratios this week and we are sure more will follow suit.
This Week’s Wrap
– The Short Story
– Listings & Stock Availability
– Auction Results
The Short Story
Stock levels continue to slowly rise, clearance rates remain extraordinarily high as does enquiry especially on good homes. Whilst stats show stable prices – that doesn’t feel like it is the case, with demand clearly exceeding supply, prices will only be going one way. However plenty of change is happening so the rate of growth will slow, as it has already.
Listings & Stock Availability
Stock levels have continued their slow but steady increase with new listings exceeding sales volumes again, but only just. We now wait to see if the post Labour weekend increase actually eventuates. So far – not so much.
From Thursday morning:
1007 on TradeMe.co.nz – 993 last week
1068 on oneroof.co.nz – 1053 last week
1032 on realestate.co.nz – 1015 last week
Auctions
Clearance rates again remained very high (for us anyway) and many auctions are proving to be very competitive. Buyers are fussy though – they aren’t panic buying just any old property, but we are definitely seeing a bit of FOMO creeping back into the market.
Weekly Results
Harcourts C&C – 90% Clearance Rate (26/29)
Harcourts 4 Week Average – 91%
Barfoot North Shore last week – 67% (40/60)
Barfoot 4 Week Average – 76%
That’s it for me, remember if you ever have any questions please just give me a call. Have a great weekend picnicking.
Kris Cunningham
_______
Kris Cunningham & Team
The Cunningham Group | Harcourts Cooper & Co Smales Farm
Marketing Specialists on the Beautiful North Shore
Kris: 029 767 6801 | Office: 027 259 3603
#3 Harcourts North Shore | Top 20 Harcourts NZ & Worldwide
#1 for the North Shore Community SIX Years in a Row 2015-21
To stay up to date on a daily basis with previews, new listings and auctions, please follow us on Facebook& Instagram or visit www.kriscunningham.co.nz
Kris Cunningham & Team are all Licensed Sales People under the REAA 2008
JUST LISTED
114A Nile Road, Milford
One level Weatherboard Classic – Dual Westlake
Auction – Thurs 18 November (unless sold prior)
20 Carnmore Place, Torbay
Families, Nature And The Call Of Tui’s
Auction – Thurs 18 November (unless sold prior)
101/38A Fraser Avenue, Northcote
The Sweet Life
Auction – Thurs 18 November (unless sold prior)
Leave a Comment