Barfoot & Thompson | Waiuku & Surrounds

Welcome to our SOLD Waiuku & Surrounds Market Report magazine

for May 2024

Welcome to our exclusive SOLD real estate magazine, where we bring you the pulse of the property market right at your fingertips.

We present the latest updates on property sales in our local area, accompanied by comprehensive details of market trends, statistics, and valuable tips. There is insatiable appetite for property market intelligence and our commitment is to provide you with a monthly snapshot of the most relevant information, reflecting our dedication to delivering the highest level of service.

With decades of being locals ourselves, we intimately understand the nuances of the area. Our in-depth knowledge serves as the bedrock upon which we build our commitment to you, empowering you to seize the opportunities presented by today’s dynamic real estate market and those that lie on the horizon. Our goal is simple: to leverage our deep understanding of the local area for your benefit, ensuring you make the most informed decisions in this ever-evolving market.

Should you crave more information or seek assistance with your real estate needs, our experienced sales team is just a phone call away. Don’t hesitate to reach out—we are delighted and dedicated to helping you navigate the exciting realm of real estate. Welcome to a world where information meets opportunity, and your property aspirations find their perfect match.

Thank you and all the best for the coming month.

Andrew Clark and the Waiuku team

Latest News

Auckland housing still moving forward from market low point

In April, the Auckland housing market gave back half the gains it made in March but overall sales continued the forward momentum being made since the low point in July last year.

“April’s trading did not match March’s breakout result, but was still a solid performance,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“It has ensured the market is still moving forward from its low point in July last year.

“Since the start of the year, the median price has increased by 4.2 percent and the average price by 11.9 percent while, compared to the low point of the price cycle, the median price is now up by 6.1 percent and the average price by 13.7 percent.

“The median sales price for April at $1,007,500, was up 1.3 percent on that 12-months ago, but down 4 percent on that for March.

“The median price still remains above the $1 million mark, which

has become something of a benchmark for the median price in Auckland.

“The average sales price at $1,212,828 in April was down on that for March by 1.2 percent and was 11.6 percent above where it was 12 months ago.

“Sales numbers for the month at 704 were down a third on those for March but the highest for the month of April for three years.

“From a buyer-choice point of view, housing remains a buyers’ market with the number of properties listed at month end at 5,770, the third month in a row that total listings have remained above 5,000.

“Total listings at month end were assisted by 1,580 new listings in April, a three-year high for new listings in the month of April.

“Sales at the top end of the market remained strong, with 57 sales valued at $2 million or more, and this represented 8.1 percent of all sales. 12 homes sold for in excess of $3 million.

“The value of property sold in the Rural and Lifestyle markets in April was $40.2 million, up nearly 50 percent on the value of property sold last April. These sales made some inroads into stock levels, however, available properties for sale remain high in these two markets, offering buyers significant choice.”

Peter Thompson Managing Director

Market share and figures

Market leaders

We sell across all price brackets and types of property. Here’s proof why people continue to list and sell with Barfoot & Thompson.

Overall Market Share

Over the last 12 months, Barfoot & Thompson sold more property in our area than any competitor.

For the period from 1st May 2023 to 30th April 2024, we sold 49% of all properties for sale in the area – that’s over 515 sales made by Barfoot & Thompson!

Monthly sales overview in the local area* (*Recent Sales)

Figures shown on this page include information from multiple sources and published reports of residential sales made by most Real Estate agencies and may include private sales. The area shown includes Bombay, Buckland, Drury, Glenbrook, Hunua, Kaiaua, Kingseat, Mangatangi, Mangatawhiri, Mauku, Mercer, Onewhero, Otaua, Paerata, Patumahoe, Pokeno, Port Waikato, Pukekawa, Pukekohe, Pukekohe East, Puni, Pukekohe, Ramarama, Runciman, Tuakau, Waiau Pa, Waiuku & Whakatiwai.. 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.

1st February to 30th April 2024 compared to the same period last year.

*Aka Aka, Awhitu, Glenbrook, Mauku, Otaua, Pollok, Waiuku

1st February to 30th April 2024 compared to the same period last year.

shown on this page include information from multiple sources and

sales. Where sales information was not publicly available, an individual

baselined on the 13th of each month for the

of the information. Barfoot and Thompson Limited (REA2008) accepts

TIME TO SELL! OFFERS & NEGOTIATION

TOP TIPS

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

In our recent editions we have examined the steps involved in selling your home from getting ready to sell right through to the ins and outs of open homes.

This article discusses what to expect when the time comes to look at offers.

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

Now it gets exciting!

The marketing has hit its targets and now buyers want to proceed with an offer...

Auction

As we all know: where there are offers, often negotiation is involved!

How an offer is made, along with the particular terms and conditions on which a sale depends, will be determined to some extent by the method of sale you have chosen. In every case, your Barfoot & Thompson salesperson will be there at every step to guide and assist you - and liaise between you and the buyer.

When selling by auction you will have set terms and conditions of the sale together with our auction department and your solicitor.

This is recorded in an agreement that will be sent to interested parties during the marketing campaign so they are fully informed before auction day.

During the weeks leading up to the auction, a buyer might ask for a variation on your terms and conditions. For example, a party may ask you to agree to a different possession date, should they be the highest bidder on the day. This is formally documented and signed off

by both parties well before the auction; and the decision to agree, or not, is always yours.

Sometimes, an acceptable offer is made before auction day, which may lead to the auction being brought forward, this is referred to as a pre-auction offer. In this scenario, the acceptable offer serves as the opening bid, while other interested parties are given the opportunity to bid upward from there.

Once the property has sold under the hammer, you and the purchaser are asked to sign the contract documenting the sale, which will then be distributed to your and their solicitors for processing. Arrangements

for a deposit are made (usually by cheque or by bank transfer the same day), and the remainder of the purchase price is due on settlement day. Should the property not sell at auction, then there is room for conditional buyers to enter the arena and an agreement can be negotiated.

What can I expect on auction day?

For detailed information about all of the steps and what to expect on Auction day head to our website – we have dedicated pages for both buyers and sellers including videos from our salespeople and top auctioneers.

Sellers guide to auctions barfoot.co.nz/sell/selling-methods/ guide-to-auctions

Buyers guide to auctions barfoot.co.nz/buy/ways-to-buy/ auctions

Negotiation

If you have decided to sell by negotiation offers can be presented at any point. As with auctions and tenders, offers are presented in writing on a sale and purchase agreement. You will consider the terms and conditions in the agreement, as well as the price in order to determine whether you would like to accept or negotiate further via a counter offer.

Once you have accepted an offer, signatures are required on a final document and this agreement will be distributed to both parties’ solicitors. If the agreement is contingent on conditions, then the purchaser has a number of working days specified to satisfy these and the agreement becomes unconditional once this is completed - meaning your property has sold!

Sometimes an unconditional offer is made where the only aspect left to negotiate is price. This is called a ‘cash unconditional’ offer and once both parties agree on the price, the property is sold.

Tender

If you have decided to sell by tender, your salesperson will present you with offers at the set day and time the tender closes. The terms and conditions in the agreement as well as the offered price will help determine which offer you would like to accept, or whether you would like to negotiate further.

Offers are private and confidential - they are for your consideration, for which you are allowed to allocate a time frame of five working days. The terms and conditions in the agreement, as well as the offered price will be determining factors in your decision which offer you would like to accept or negotiate further.

Once an offer is accepted, you will sign it and the agreement will be distributed to the solicitors for processing. If the agreement is contingent on conditions, then the purchaser has a number of working days specified to satisfy these. When these conditions complete, the agreement becomes unconditional and the property is sold.

During this period your sales person as well as your solicitor will be working together with the buying party to facilitate the sale at every step.

More info:

Remember we have a wide range of information for buyers and sellers including many videos and step by step guides on our Youtube channel. www.youtube.com/user/ BarfootThompsonNZ

Head to our website for more or contact one of our team directly. We’re happy to help. barfoot.co.nz

Recent Sales

The following pages show a summary of sales in Waiuku, Aka Aka, Awhitu, Glenbrook, Mauku, Otaua and Pollok made by all selling agencies during April 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.

4 Allan Road,

Awhitu

$1,170,000

2634 Awhitu Road, Awhitu

$695,000

6 Colbeck Road, Awhitu

$375,000

5A Collingwood Road, Waiuku

$750,000

114 Craig Road, Pollok

$950,000

43C Edgewater Parade, Waiuku

$520,000

21A Elsie Drive, Waiuku

$620,000

14B George Street, Waiuku

Lot 12 Hamilton Drive, Waiuku

$287,500

36 Kaiwaka Road, Waiuku

$880,000

1215 Kohekohe-Karioitahi Road, Pollok

$1,050,000

17A Matai Street, Waiuku

$675,000

$620,000

20A McLarin Road, Glenbrook

$930,000

8 Miro Place, Waiuku

$675,000

6 Opouatu Avenue, Glenbrook

$880,000

$790,000

22D Pacific Street, Waiuku

$1,180,000

$1,025,000

34 Racecourse Road, Waiuku

$790,000

5 Trosk Place, Waiuku

$795,000

$780,000

23 Valley Road, Waiuku

$940,000 Sale price Land Size 1060 6 Bedrooms

$940,000 CV 174 Floor size

15A View Road, Waiuku

$421,000 Sale price Land Size Crosslease 2 Bedrooms

$455,000 CV 60 Floor size

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.

Andrew

Branch

021 500 074

Meet the team Administration Team

Introducing Andrew Clark, an accomplished leader and Branch Manager, who takes immense pride and considers it a privilege to support and guide a team of exceptionally talented individuals.

With an unwavering commitment and passion for the effective marketing, sale, and management of real estate, Andrew is dedicated to delivering successful outcomes for customers, clients, and his staff alike.

Andrew’s extensive background in marketing, commerce, and property, coupled with the completion of his Master of Business in Marketing, forms the solid foundation on which his real estate credentials rest. As the driving force behind a highly active branch, Andrew oversees a dynamic team that spans the rural/lifestyle, residential, and property management sectors, covering Waiuku and the surrounding areas.

Within this bustling real estate hub, Andrew ensures that his team possesses the in-depth knowledge and customer focus necessary to benefit all clients.

Recognizing the pivotal role of great people in a successful business, Andrew’s vision is clear—to support his talented team to be the best they can be each day. This philosophy is embodied in his commitment to fostering integrity, mutual trust, and support among his colleagues.

Whether you are contemplating selling or purchasing real estate, having your property managed, considering a career in the industry, or seeking a change in direction, Andrew welcomes you to connect with him. Feel free to reach out via phone (021500074) or email (aclark@barfoot.co.nz), or simply drop by for a visit.

Andrew is more than a leader; he is a dedicated professional ready to guide you through your real estate journey with expertise and care.

Clark

Manager

Carol Withy Assistant Administrator

Melody Moana Branch Administrator

Sales Team

Sharlene Druyven 021 522 639

Brylee Tashman 021 429 462

Rob McNab 0273 942 053

Gardiner 021 220 6450

Emily Te Kani 021 023 11085

Gombert 021 143 6934

Andrew 027 457 8045

021 912 058

Fenton 021 836 242

Khanna 0210 884 9472

Beresford 0274 580073

021 059 3196

027 453 8769

Property Management Team

Foley Head of Property Management 027 839 4106

Hanford Property Manager 027 436 3416

Curnow Property Management Assistant

Chloe

Chris

Suzann

Natalie

Paul

Paz

Ella Mills

Patricia

Stephen Hiscock

Deborah

Jo Griffin

Melissa

16-18 Queen Street, Waiuku 2123

Residential Sales 09 235 0880

Property Management 09 235 6946

Email waiuku@barfoot.co.nz

barfoot.co.nz/waiuku

Barfoot & Thompson