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Welcome to our SOLD Beachlands & Maraetai Market Report magazine for

August 2024

Our magazine contains the latest available information regarding property sales in the local area along with details of market trends, stats and tips.

Aucklanders continue to have an almost insatiable appetite for property market intelligence, so each month we will share details of the trends in your area. This is just part of our commitment to continue delivering you the highest level of service.

We’ve been locals for decades so we know the area well. Our goal is to apply this knowledge for you so you’re able to make the most of the opportunity that today’s and tomorrow’s market presents.

Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Thank you and all the best for the coming month.

Beachlands branch 42 Wakelin Road Beachlands, Auckland 2018

Whitford branch

8 Whitford-Maraetai Road Whitford, Auckland 2571

P 09 536 4990

E beachlands@barfoot.co.nz barfoot.co.nz/beachlands

P 09 530 8292

E whitford@barfoot.co.nz barfoot.co.nz/whitford

Daniel Wei and the Beachlands-Whitford team

Latest News

Rising confidence attracts buyers to Auckland housing market

A significant number of buyers were drawn into the Auckland residential housing market in July - attracted by growing confidence that interest rates have peaked.

“In July, a growing number of buyers decided that with mortgage interest rates falling and at current prices, now was the time to act,” said Stephen Barfoot, Director of Barfoot & Thompson.

“In what is traditionally the slowest month of the year for sales we sold 902 homes in July, nearly a third more than we sold in the previous month and a quarter higher than in the same month last year.

“In the last seven-years, only in 2022 and 2021, when prices were on the rise, have we sold more homes in the depths of winter.

“Buyers were attracted by a combination of vendors being prepared to meet the market and anticipation that prices may be at their low point given recent movement in mortgage interest rates.

“Those vendors who listened to their salesperson, and who were prepared to meet the market, saw results and capitalised on the increased buyer activity.

“The median sales price in July was $970,000. While this is a fall from where they have been over the previous three months, it is 2.1 percent above last July’s median price, which marked the bottom of the last price cycle.

“The average price at $1,127,639, was also down on that over the previous four months, but 5.7 percent higher than in July last year.

“Commentary around lower inflation numbers and the promise of further interest rate cuts led to an increase in confidence among buyers and we saw the reappearance of multi-offers across the network.

“It has laid the groundwork for a positive start to the approaching spring selling season.

“There was a greater focus on property in the under $750,000 market in July, with 22.3 percent of sales in this price segment.

Sales in the $2 million plus price segment accounted for 5.2 percent of sales.

“New listings continue to reach the market with listings in the month reaching 1,518, the sixth consecutive month new listings have been above 1,500. At month end we had 5,446 properties on our books, a third higher than at this time last year.

“The rural and lifestyle markets experienced a modest increase in interest in sales activity in July compared to the previous three months, with total sales reaching $53 million, our highest monthly sales value in four months.”

Stephen Barfoot Director

* Beachlands, Botany Downs, Bucklands Beach, Burswood, Cockle Bay, Dannemora, East Tamaki, East Tamaki Heights, Eastern Beach, Farm Cove, Flat Bush, Golflands, Half Moon Bay, Highland Park, Howick, Maraetai, Mellons Bay, Northpark, Pakuranga, Shelly Park, Somerville, Sunnyhills.

Market Share and Figures

Overall Market Share

Over the last 12 months, Barfoot & Thompson has sold more property in our area* than any competitor. For the period from 1st August 2023 to 31st July 2024, we sold 47% of all properties for sale in the area, that’s over 975 sales made by Barfoot & Thompson! And in the month of July 2024, we even sold 50% - which is also more than any competitor!

Number of Sales

Average sale Price

1st May to 31st July 2024 compared to the same period last year.

The area shown includes Beachlands, Botany Downs, Bucklands Beach, Burswood, Cockle Bay, Dannemora, East Tamaki, East Tamaki Heights, Eastern Beach, Farm Cove, Flat Bush, Golflands, Half Moon Bay, Highland Park, Howick, Maraetai, Mellons Bay, Northpark, Pakuranga, Shelly Park, Somerville and Sunnyhills. Where sales information was not publicly available, an individual sale may have been excluded from the

and tallies. Totals are

baselined on the 13th of each month for the available results made in the

Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Beachlands, Maraetai & Pine Harbour

Overall Market Share

Over the last 12 months, Barfoot & Thompson has sold nearly half of the properties for sale in Beachlands, Maraetai and Pine Harbour!

For the period from 1st August 2023 to 31st July 2024, we sold 45% of all properties for sale in the area, that’s over 65 sales made by Barfoot & Thompson!

And in the month of July 2024, we sold 60% - well over half of the properties for sale in our area.

Market Leaders

We sell across all price brackets and types of property.

For the period from 1st August 2023 to 31st July 2024, we sold:

• 50% of the properties that went for $750,000 or less

• 25% of those between $750K - $1 million

• 45% of those between $1 and $2 million

• 53% of those that sold over $2 million.

That’s proof of why people continue to list and sell with Barfoot & Thompson.

Figures shown on these pages include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. The area shown includes Beachlands, Maraetai and Pine Harbour. Where sales information was not publicly available, an individual sale may have been excluded from the average results and tallies. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

READY... SET, OPEN HOME!

TOP TIPS

Why working with Barfoot & Thompson can help sell your home.

Congratulations, you’re on the market! In our recent editions we’ve discussed getting ready to sell, different sale methods and the tools for your marketing campaign. This article explores what to expect from an Open Home. Remember we have more information and a range of videos on our website to help you make the very best choices. barfoot.co.nz

barfoot.co.nz/sell/selling-guide

Open home schedule

During the first week of your campaign, we will introduce your property to our colleagues from Barfoot & Thompson. Internally, we call this a ‘caravan’ – our salespeople will view your home on the Tuesday morning before the first open home. Your listing agent will confirm times with you and the caravan will include agents from surrounding branches.

Our salespeople will visit to familiarise themselves with your property, so they know more about your home and can then contact their own personal databases of potential purchasers. This is an important first step to maximise exposure in the market and ensures

Preparing for an open home

that the Barfoot & Thompson team is working hard for you.

Your salesperson will have most likely set an open home calendar with you when they listed your property. Open homes are generally held on the weekend, on some occasions they may be supplemented by mid-week times or special viewings. We usually run an open home for a period of 30 minutes, but your agent will arrive a little earlier to set up and will stay until the last visitor has left. We try not to turn anyone away, so would recommend planning to be out of the house for at least an hour during the viewing times.

To prepare for the inspections we recommend you open some windows to air the house out and perform a thorough clean, tidying away everyday objects and children’s toys where applicable. If you have pets, try to keep them outdoors for a period of time before inspections start and if possible take them with you when you leave the house – some people are afraid of dogs or have allergies to pets so it is best if you can minimise any of these potential problems.

Put the heating on in winter and cool air in summer if you have it, so your home is a comfortable temperature when people walk in. The lights should also be on, even in summer - it helps when all the rooms have the same brightness.

Meet & greet

While you are away, your agent will greet all visitors at the main entrance and take note of their name, phone number and email where possible. We do not let anyone enter your home without at least getting a phone number from them. Visitors are left to walk freely through your home but our agents will always greet them again before they leave and answer any questions they might have.

We stay alert throughout the open home, but it is recommended that any ornaments or belongings of sentimental or monetary value are put away for safe keeping prior to the open home.

At the end of the open home your agent will lock all doors and windows, turn off the lights and send you a quick text or call you to let you know they are leaving.

Open home follow up

When open homes have finished for the day your agent will call back all the visitors and document any important feedback or comments for you. In the following days your salesperson will prepare feedback from them to discuss with you either by phone, email or in person, at which time you can ask any questions you might have.

Our salespeople have all the experience you need and are happy to provide you with more advice and information. Feel free to drop in at a branch, call, or contact us online. With Barfoot & Thompson, not only do you have the strength of Auckland’s largest and most trusted real estate company behind you, you also have 1,700+ salespeople working for you.

More tips on how to prepare for open homes

We have a range of videos on our website with tips from our salespeople about how you can get your home ready and impress potential buyers.

Get all the information about how to get your property in perfect shape for open home day. View on youtube, drop in at a branch, or visit our website barfoot.co.nz

Recent Sales

The following pages show a summary of sales in Beachlands, Maraetai & Whitford made by all selling agencies during July 2024.

Our sales data includes information submitted by the selling agency and may include some private sales. Where details of a particular sale may not have been able to be fully verified, it may be omitted from our reports.

Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs.

Every reasonable effort has been made to ensure the accuracy of the information presented. Land and floor sizes are approximate, sourced from REINZ, Auckland Council or other public sources and may contain inaccuracies. Barfoot & Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Beachlands & Maraetai

15 Alexander Avenue

$1,385,000

3A Araminta Place

$1,150,000

11 Columbia Crescent

$1,650,000

36 Craig Road

2 Harbourside Court

$1,575,000

90 Maraetai School Road

$2,290,000

46 Pine Harbour Parade

$1,640,000

110 Second View Avenue

$1,100,000

67 Shelly Bay Road

$1,666,309

2 The Way

This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

These days, selling a property is all about views.

Buyers now spend more time than ever online, so it’s smart to market your property there too. Fortunately, our salespeople are well-versed when it comes to all things digital. Want a 3D walkthrough to fully showcase your home’s features? We can do that. Or to advertise your place with a video on Facebook or YouTube? Not a problem. And we have a wide network of property websites to list your property on, ensuring your place is seen by as many potential buyers as possible. To find out how else we can help, check out our website.

Meet the Team

The tight-knit team at Barfoot & Thompson Beachlands sell significantly more homes in this coastal suburb than any other real estate agency - and it’s easy to see why.

All staff offer a great deal of area knowledge and the best advice when buying, selling or renting in the area. Reflecting the local population, our team is made up of a number of immigrants from the UK and South Africa who have settled here for the coastal, Kiwi lifestyle.

Added to this local knowledge is a depth of experience in real estate, extensive skills and regular training, as well as having the vast resources of Auckland’s leading real estate company at their fingertips.

Property Management team

Sales Team Beachlands

Barfoot & Thompson sell one in three properties in Auckland, and all branches have access to in-house auction experts, excellent marketing tools and resources, a sophisticated website and listings system, and the ability to market properties through all 70+ branches in Auckland and Northland - creating far greater campaign reach and selling power. The team at Beachlands/Whitford also offers dedicated property managers to take the stress out of owning an investment property.