Barfoot & Thompson | Royal Oak

ROYAL OAK MARKET REPORT April 2020

barfoot.co.nz/royal-oak

Welcome to our SOLD – Royal Oak Market Report magazine for April 2020.

Our magazine contains the latest available information regarding property sales in the local 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.

John Endean and the Royal Oak team

Royal Oak branch 1 Campbell Road Royal Oak, Auckland 1061

P 09 625 6099 E royaloak@barfoot.co.nz barfoot.co.nz/royal-oak

LATEST NEWS Auckland Property Market Went Into Lockdown On Record High The Auckland residential property market was in full recovery mode before being stopped in its tracks by the Covid-19 lockdown.

“Confidence in Auckland property was high in February and the first weeks of March, and new listings, sales numbers and prices were at their highest for a number of years,” said Peter Thompson, Managing Director of Barfoot & Thompson.

Peter Thompson Director

“New listings for March at 1,763 was the highest in 17 months.

“Sales at 1,096 were above 1,000 in a month for the first time for two years.

“The average sales price at $993,528 was a new high, and almost $25,000 higher than the previous high set in March 2017.

“And the median price at $925,000 was also a new high, being $25,000 above the previous high also set in March 2017.

“March’s excellent sales figures built on the platform established by January and February trading and our first quarter sales were the best since 2016.

“Without the intervention of Covid-19 we could have anticipated the market’s momentum to have run through to late autumn.

“A factor that affected both the average and median sales was the exceptionally high number of properties that sold in the $1 million plus and $2 million plus price categories.

“In March we sold 479 properties for in excess of $1 million, which is more than we sold at the height of the 2016 price cycle.

“Of this number, 61 were for more than

$2 million, our highest number of sales in this price category since March 2018.

“At the end of the month we had 3,969 properties on our books, the highest number since June last year.

“Through the use of online technology, sales activity has continued through the Covid-19 lockdown. Buyers are undertaking viewings through listings on our website, with our sales people progressing negotiations through a variety of technologies.

“While the closedown is having an effect on sales numbers, and will likely to do so until Alert Level 4 is lifted, market activity continues to tick over.

“Although it is not possible to predict where the market will go in the short term, vendors and buyers might want to look to the past and take a medium term view of market prices.

“During the major economic downturns that occurred in 1987,1997 and 2007 house prices did not decline beyond 5% at most. And following the declines, prices recovered within 12 to 18 months.

“Activity was high in the lifestyle and rural markets right up to the point when the lockdown was imposed, and these markets recorded their highest sales numbers in a month for two years.

“During the month we settled 60 sales to the north and south of Auckland with a combined value of a little under $100 million.

“The Coatesville market was particularly active, and this was due in part to subdivisions coming to market by way of the transferable title provisions enabled under the Unitary Plan. Small blocks around Coatesville are attracting a lot of buyer interest.”

Sales data

Hillsborough, One Tree Hill, Onehunga, Royal Oak & Three Kings

March 2020

Average sale price:

$1,181,155

Highest sale price:

Median sale price:

Lowest sale price:

Median CV:

$2,745,000 $442,000

Total sales March 2020: 60 Total sales March 2019: 45 Total monthly sales are up 33.3% compared to the same period last year.

$1,100,000

$1,095,000

8 Sales $750K - $1M: 9 Sales $1M-$2M: 40 Sales $2M+: 3 Sales $0-$750K:

Talk to us about Barfoot & Thompson’s number of days on the market for our different sale methods.

We DO make a difference.

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 (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.

Market share and figures Overall market share

Barfoot & Thompson

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

39.5%

For the period from 1st April 2019 to 31st March 2020, we sold 39.5% of all properties in the area – that’s more than 800 sales made by Barfoot & Thompson!

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.

Market share $0-1M

Market share $1-2M

Market share $2-3M

Barfoot & Thompson

Barfoot & Thompson

Barfoot & Thompson

38%

41%

40.6%

Market share $3-4M

Market share $4+

Barfoot & Thompson

Barfoot & Thompson

43.4%

29%

Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. The local area shown includes: Ellerslie, Epsom, Greenlane, Hillsborough, Mangere Bridge, Mt Eden, One Tree Hill, Onehunga, Parnell, Remuera, Royal Oak, Sandringham & Three Kings. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month.

Number of sales 1st January 2020 to 31st March 2020 compared to same period last year.

34 34

Ellerslie

17

Hillsborough

23

30 30

Mangere Bridge

17

One Tree Hill

15

56

Onehunga

66

12

Royal Oak

16

7

Three Kings

9 0

10

20

30

40

50

60

70

Same Period Last Year

Same period last yearLast 3 months Last 3 months

52.7% of properties in the local area sold for $1 million or more over the last 3 months Number of sales over $1 million: 68 of 129 (Hillsborough, Onehunga, One Tree Hill, Royal Oak & Three Kings last 3 months)

Average sale price 1st January 2020 to 31st March 2020 compared to same period last year. $1,091,809

Ellerslie

$1,358,912

$1,184,925

Hillsborough

$1,051,283

$920,783 $1,007,553

Mangere Bridge

$1,000,971

One Tree Hill

$1,117,867

$938,438 $980,780

Onehunga

$857,583

Royal Oak

$1,239,188

$1,214,336 $1,189,000

Three Kings $0

$200,000 Same Period Last Year

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

Last 3 months

Same period last year

Last 3 months

Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales.

The local area shown includes: Ellerslie, Hillsborough, Mangere Bridge, One Tree Hill, Onehunga, Royal Oak and Three Kings. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month.

MAX. EXPOSURE MAX. IMPACT TOP TIPS Why working with Barfoot & Thompson can help sell your home.

When you’ve decided it’s time to sell, Barfoot & Thompson have the network, the local know-how and global reach to ensure your home gets the attention it deserves.

This month we look at some of the tools we use to achieve quality exposure, as well as the power of our team to attract buyers right to your door.

Remember we have more information and a range of videos to help you make the very best choices on our website, barfoot.co.nz barfoot.co.nz/sell/marketing

Designing a Marketing plan From getting your home onto the right websites, creating dynamic digital content, to signage and print - we have a range of marketing options for you to choose from.

When listing your property, our salespeople will make recommendations that best suit you, the local area and the unique features of your home.

From the moment we start we will be hard at work creating the very best content to showcase your home. From photography, video and floorplans through to publishing and our exclusive interactive media tools - we have the latest technology and platforms ready to maximise the benefits of the campaign we have designed for you.

Our network gets the most buyers through your home. When you choose Barfoot & Thompson we provide maximum exposure from the start. We have over 1,700 salespeople, all with their own network of

contacts in their local communities and beyond. Every one of our salespeople have access to your property listing and can search for a suitable ‘buyer match’ for your home.

Marketing Materials When marketing your home, first impressions really are everything! Here are some of the main materials we will prepare to showcase your home to the market.

Photography - They say a picture is worth a thousand words. Our listings feature only the best in professional, high resolution photography. The photographers we work with use quality equipment and production techniques to present your home on our platforms in the very best light.

Video - Professional videos bring your property to life and reach even more prospective buyers.

Studies indicate that including video increases the number of enquiries about a property by 400%. Our video packages are affordable and could make a difference to the impact of your campaign.

Floor Plans - Properties with floor plans receive up to 30% more interest than those without a floor plan. *Source - Rightmove, one of the UK’s largest property websites.

LATEST NEWS! The more buyers can engage with your property online, the better they can imagine it as their home. Which is why Barfoot & Thompson is introducing a fantastic new suite of interactive tools - all designed to sell your home faster, and for the best possible price.

Read more about these exciting new tools here: barfoot.co.nz/sell/marketing/diakrit

Online - Global Reach Digital marketing is no longer new; it’s a must have component of every seller’s marketing plan, offering amazing reach.

Our technology takes your property to the buyer, wherever they are, whatever device they’re using, and in whatever format they prefer.

Upgrading your online presence is the most effective way to get your property to the right people at the right time. Featuring your property on key websites increases views, enquiries and activity at open homes, so it is well worth the investment.

We know that most people are searching for their new home online these days. So we offer a range of online advertising options designed to get your property the most views, enquiries and open home activity. Buyers will also find your property on our app, which offers a full interactive experience, so they can easily find your home when they are out in the neigbourhood.

Publications & Print We publish hundreds of pages of property advertising every week - because it works.

Like the Property Press, local and national newspapers which buyers often pick up and browse over their morning coffee.

To complement our campaign, your Barfoot agent will source the best quality brochures and signage for your home and each open home will be well promoted in the local area with directional signs, flags and flyer drops.

Industry Leaders

Barfoot.co.nz – 310,000 unique users each month Realestate.co.nz – 650,000 unique users each month Leadingre.com – over 650,000 unique users each month globally Luxuryportfolio.com – homes over NZD$1.36m Nzrealtors.co.nz – listings from New Zealand’s leading real estate agencies Nationwide Hougarden.com – putting your home in front of the Chinese market Trademe.co.nz – putting your home in front of kiwi buyers

Recognized as the best Real Estate Agency, Asia Pacific by International Property Awards for two years running we are acknowledged as industry leaders, not just in Real Estate Sales but in Property Management too.

Why not check out our team, our technology and our award winning results.

Talk to us about a marketing campaign for your home – you be the judge! more info: https://www.barfoot. co.nz/news/2019/ august/reinzawards-2019

RECENT SALES The following pages show a summary of sales in Hillsborough, Onehunga, One Tree Hill, Royal Oak & Three Kings made by all selling agencies during March 2020.

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.

Hillsborough March 2020 30A Aldersgate Road Sale price $1,080,000 Land Size 524

CV $1,100,000 Floor size 220

Bedrooms 5

3/2 Budock Road Sale price $1,055,000 Land Size n/a

CV n/a Floor size n/a

Bedrooms 3

220 Hillsborough Road Sale price $1,360,000 Land Size 414

CV $1,400,000 Floor size 267

Bedrooms 6

8/23B Hillsborough Road Sale price $615,000 Land Size n/a

CV $630,000 Floor size 68

Bedrooms 2

32 Hillsborough Road Sale price $1,040,000 Land Size n/a

CV $825,000 Floor size 130

Bedrooms 3

CV $1,000,000 Floor size 178

Bedrooms 3

3 Hillsdale Road Sale price $1,050,000 Land Size n/a

35 Olsen Avenue Sale price $1,460,000 Land Size 812

CV $1,300,000 Floor size 128

Bedrooms 3

2/76 Olsen Avenue Sale price $826,000 Land Size 662

CV $740,000 Floor size 100

Bedrooms 2

13 Stephen Lysnar Place Sale price $787,000 Land Size n/a

CV $710,000 Floor size 108

Bedrooms 3

Onehunga March 2020 6 Arthur Street Sale price $1,395,000 Land Size 759

CV $1,095,000 Floor size 78

Bedrooms 3

204 Church Street Sale price $1,565,000 Land Size 1114

CV $1,550,000 Floor size 119

Bedrooms 3

CV $2,625,000 Floor size 152

Bedrooms 3

13A Clarke Road Sale price $2,000,000 Land Size 1763

30B Forbes Street Sale price $920,500 Land Size 905

CV $1,100,000 Floor size 130

Bedrooms 2

2/60C Galway Street Sale price $565,000 Land Size n/a

CV $445,000 Floor size 71

Bedrooms 2

2/127 Grey Street Sale price $730,000 Land Size n/a

CV $670,000 Floor size 70

Bedrooms 2

CV $1,125,000 Floor size 145

Bedrooms 3

165 Grey Street Sale price $1,502,000 Land Size 556

49 Heretaunga Avenue Sale price $882,000 Land Size n/a

CV $1,070,000 Floor size 122

Bedrooms 4

CV $1,275,000 Floor size 168

Bedrooms 3

44A Hill Street Sale price $1,220,000 Land Size 450

Onehunga March 2020 1/31 Inkerman Street Sale price $1,218,000 Land Size n/a

CV $1,025,000 Floor size 142

Bedrooms 4

28 Jordan Avenue Sale price $1,017,000 Land Size 582

CV $1,125,000 Floor size 115

Bedrooms 3

118 Mount Smart Road Sale price $1,320,000 Land Size 696

CV $1,175,000 Floor size 160

Bedrooms 3

70A Normans Hill Road Sale price $1,381,000 Land Size 522

CV $1,200,000 Floor size 156

Bedrooms 3

125/287 Onehunga Mall Sale price $442,000 Land Size n/a

CV $360,000 Floor size 63

Bedrooms 1

224/287 Onehunga Mall Sale price $700,000 Land Size n/a

CV $630,000 Floor size 113

Bedrooms 3

424 Onehunga Mall Sale price $2,540,000 Land Size 1950

CV $3,150,000 Floor size 332

Bedrooms 5

453A Onehunga Mall Sale price $1,321,000 Land Size n/a

CV $1,025,000 Floor size 130

Bedrooms 3

3/51B Princes Street Sale price $540,000 Land Size n/a

CV $465,000 Floor size 68

Bedrooms 2

Onehunga March 2020 11 Quadrant Road Sale price $1,370,000 Land Size 494

CV $1,150,000 Floor size 142

Bedrooms 3

46 Queenstown Road Sale price $1,100,000 Land Size 245

CV $1,200,000 Floor size 245

Bedrooms 4

88A Queenstown Road Sale price $750,000 Land Size 451

CV $1,125,000 Floor size 191

Bedrooms 3

108A Selwyn Street Sale price $1,277,000 Land Size 540

CV $1,075,000 Floor size 99

Bedrooms 3

60 Selwyn Street Sale price $1,200,000 Land Size 260

CV $1,250,000 Floor size 104

Bedrooms 4

51A Trafalgar Street Sale price $1,030,000 Land Size 332

CV $1,050,000 Floor size 114

Bedrooms 2

83A Trafalgar Street Sale price $738,800 Land Size 395

CV $800,000 Floor size n/a

Bedrooms n/a

2/102 Victoria Street Sale price $734,000 Land Size 860

CV $620,000 Floor size 67

Bedrooms 2

1/137 Victoria Street Sale price $1,095,000 Land Size 346

CV $1,125,000 Floor size 150

Bedrooms 3

Onehunga March 2020 27A Wallath Road Sale price $1,311,000 Land Size 411

CV $1,150,000 Floor size 179

Bedrooms 4

One Tree Hill March 2020 4 Aliford Avenue Sale price $1,350,000 Land Size 920

CV $1,200,000 Floor size 133

Bedrooms 4

CV $1,645,000 Floor size 144

Bedrooms 3

CV $1,715,000 Floor size 140

Bedrooms 3

CV $1,025,000 Floor size 151

Bedrooms 3

15 Amaru Road Sale price $1,640,000 Land Size 878

17 Amaru Road Sale price $1,660,000 Land Size 916

51 Namata Road Sale price $1,000,000 Land Size 895

1/95 Namata Road Sale price $960,000 Land Size n/a

CV $990,000 Floor size 132

Bedrooms 3

53 Ngatiawa Street Sale price $1,035,000 Land Size n/a

CV $1,200,000 Floor size 166

Bedrooms 3

CV $900,000 Floor size 78

Bedrooms 2

117 Paihia Road Sale price $945,000 Land Size n/a

One Tree Hill March 2020 3/45 Rawhiti Road Sale price $1,410,000 Land Size 1012

CV $1,025,000 Floor size 73

Bedrooms 4

2/85 Rawhiti Road Sale price $1,285,000 Land Size n/a

CV $1,250,000 Floor size 113

Bedrooms 3

Royal Oak March 2020 9 Acorn Street Sale price $2,745,000 Land Size 827

CV $2,375,000 Floor size 205

Bedrooms 3

6/20 Campbell Road Sale price $755,000 Land Size 1201

CV $740,000 Floor size 70

Bedrooms 2

27 Campbell Road Sale price $1,200,000 Land Size 194

CV $1,100,000 Floor size 197

Bedrooms 4

CV $1,150,000 Floor size 171

Bedrooms 3

6 Erson Avenue Sale price $1,341,500 Land Size 1086

35 Goodland Street Sale price $1,100,000 Land Size 375

CV $1,300,000 Floor size 216

Bedrooms 4

5/9 Haydn Avenue Sale price $876,000 Land Size 1576

CV $820,000 Floor size 78

Bedrooms 2

COMMUNIT Y

PEOPLE

F A M I LY

DIVERSITY

Royal Oak March 2020 662A Manukau Road Sale price $1,040,000 Land Size 1088

CV $920,000 Floor size 153

Bedrooms 3

631 Mount Albert Road Sale price $1,555,000 Land Size 747

CV $1,175,000 Floor size 131

Bedrooms 3

2/637 Mount Albert Road Sale price $1,162,000 Land Size n/a

CV $830,000 Floor size 138

Bedrooms 3

CV $1,050,000 Floor size 161

Bedrooms 3

12 Vagus Place Sale price $1,400,000 Land Size n/a

Three Kings March 2020 22 Haughey Avenue Sale price $1,000,000 Land Size n/a

CV $910,000 Floor size 97

Bedrooms 3

CV $970,000 Floor size 147

Bedrooms 3

CV $960,000 Floor size 149

Bedrooms 3

CV $1,800,000 Floor size 260

Bedrooms 5

47 Hayr Road Sale price $1,090,500 Land Size n/a

1/2 Roskill Way Sale price $1,322,000 Land Size n/a

8B Roskill Way Sale price $1,860,000 Land Size 422

Meet the team I have been working in real estate since 1982 and as a local resident I have spent most of my time working in the area and became the manager at the Royal Oak branch in 1993. In 2000 I was proud to be made a Fellow of the Real Estate Institute of New Zealand (FREINZ) in recognition of my services to the industry.

The Royal Oak branch has team of 29 high profile, enthusiastic salespeople, a property manager and his four assistants plus an office administrator, all of whom offer a wealth of local knowledge and real estate expertise. More than any other company Barfoot & Thompson understands the local market and has consistently produced outstanding results.

John Endean Branch Manager 027 477 6535

As part of the Barfoot & Thompson network we have immediate access to over 77 branches and more than 1,700 salespeople covering the greater Auckland and Northland area. We pride ourselves on being one of the most technologically sophisticated real estate agencies, with an advanced computer system managing listings and providing the latest information on market trends, and finance to customers.

If you’re thinking of selling, feel free to call us. Our experienced staff will be happy to guide you through the process looking at cost-effective marketing solutions to sell your property for the best price.

Property Management team

Vivek Gautam Property Manager 027 273 2658

Raewyne Crewe Property Management Assistant

Hannah Davis Property Portfolio Manager 027 839 3779

Shintia Prasad Letting Specialist 027 209 8990

Linda Zheng Property Portfolio Manager

Sonia Sabharwal Property Portfolio Manager

Residential Sales team

Elvira Abdrazakova 021 072 7587

Carolyn Brooks 027 693 9382

Nikki Chen 021 880 778

Yogesh Dahya 021 70 22 11

Kam Dahya 021 702 184

Kelly Fan 021 252 5686

Paul Hodgman 021 970 191

Kay Jagusch 0274 937 806

Max Li 021 164 7055

Manas Nanda 021 1570 240

Helen Paterson 021 721 659

Tian Qiu 021 038 2346

Maggie Rebello 021 390 925

Bruce Rule 021 974 581

Kim Rule 021 276 7734

May To 027 556 2986

Kiki Wang 0277 807 807

Jannette Wouters 021 966 157

Jay Zhang 021 727 050

AKTSM26

Deal with the company that does the most business.

There’s a reason for it.

Barfoot & Thompson Royal Oak 1 Campbell Road, Royal Oak, Auckland 1061 Residential Sales 09 625 6099 Property Management 09 625 6079 Email royaloak@barfoot.co.nz

barfoot.co.nz/royal-oak