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M AY 2 018

S T H EL I ER S , G L EN D OW I E & KO H I M A R A MA M A R K ET R EP OR T


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.

Mike

Mike Symonds and the St Heliers/Kohimarama branch team St Heliers Cnr. Tamaki Dr. and St Heliers Bay Rd. St Heliers 1071 P: (09) 575 9079 E: stheliers@barfoot.co.nz Kohimarama 9 Averill Avenue Kohimarama 1071 P: (09) 528 0151 E: kohimarama@barfoot.co.nz

hello

Welcome to our SOLD magazine - St Heliers, Glendowie & Kohimarama - Property Market Update for May 2018.


LATEST NEWS Signs Auckland’s housing hibernation is coming to an end In April the Auckland residential property market signaled that sales activity may have bottomed and is ready to emerge from its 12- month Barfoot & Thompson price and sales hibernation.

average market share “The sales figures contain a number for these suburbs: of modest indications that confidence

47.2

Peter Thompson Managing Director

has returned,” said Peter Thompson, Managing Director of Barfoot & Thompson.

%

“At $930,223, the average sales price was 1.4 percent higher than it was at the same time last year, with the average selling price having shown little movement over the past 12 months.

“The median sales price continues to lag behind previous levels and, at $830,000 for April, was down 0.8 percent down on the average for the previous three months and down 2.4 percent on April 2017’s price. “In part this can be attributed to sales of property in the $1 million and $2 million price category being down significantly in April compared to those for March (down close to 60 percent) while sales of homes for under $500,000 represented 9.8 percent of all sales. “Most trading activity during the month occurred in the $500,000 to $1 million price category, with sales numbers accounting for 57 percent of all sales.

“At the same time the number That’s nearly 1 inof2 homes sold by us.

properties sold at 731 was 10.1 percent There’s a reason do business us alistings call toatfind out higher than inpeople April 2017, and saleswith us, give “New 1358 formore. the month numbers in the first four months of the were strong, ensuring that buyer year are 3.2 percent higher than for the choice at month end of 4678 properties comparative was the second highest they have been 12 months to August 2016 Sales data source: REINZperiod last year. for 6 years. “While there is no suggestion that prices are poised to start their upward “After an active March, the rural, climb, with prices no longer declining lifestyle and commercial markets Parnell 09 366 0015 Remuera 09 524 0149 in comparison to 2017, the point experienced slower activity in April. has been reached where a further price decline is the least likely future “While buyers continued to show outcome. interest, they were selective. “In meeting the market price, buyers can have confidence that the chance of them being disadvantage by future price volatility is low.

“Demand remained strong for orchards, particularly for kiwifruit, in the north and far north.


Sales Data | April 2018 Focus on St Heliers, Glendowie & Kohimarama

$

Average Sale Price $1,636,709

Median Sale Price $1,540,000

#

Total Sales Mar 2018 | 33 Total Sales Mar 2017 | 39

Highest Sale Price | $3,400,000 Lowest Sale Price | $507,500

Median CV $1,525,000

Total monthly sales are down 15.4% compared to same period last year

Sales $0-$1m | 5 Sales $1m-$2m | 21 Sales $2m-$3m | 5 Sales $3m-$4m | 2 Sales $4m+ | 0

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 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.


Market Share + Figures

Barfoot & Thompson, 44.5%

Barfoot & Over the last 12 months, Thompson, Barfoot & Thompson have 52.4% sold more property in our local area than any other competitor.

For the period from 1st May 2017 to 30th April 2018, we sold 44.5% of all properties in the local area that’s more than 520 sales made by & Barfoot & Barfoot Thompson! Thompson, 42.6%

Barfoot & Thompson, 40.2%

Market Market Leaders 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

Barfoot & Thompson, 43.8%

Barfoot & Thompson, 52.4%

Market Share $2-$3M

Barfoot & Thompson, 42.6%

Market Share $3-$4M

Barfoot & Thompson, 40.2%

Market Share $4M+

Barfoot & Thompson, 36.2%

* The local area shown on this page include data sourced from REINZ and Barfoot & Thompson for unconditionals sales made in Epsom, Kohimarama, Glendowie, Mission Bay, Orakei, Parnell, Remuera and St Heliers.


Number of Sales

1st February 2018 to 30th April 2018 compared to same period last year.

St Heliers

62

65

Remuera

117 49

Parnell

Mission Bay and Orakei

40

Glendowie

124

59

45

41

31 35 36

Kohimarama

Epsom

71

52 0

20

40

60 Same Period Last Year

80

100

120

140

Last 3 months

31.8% of Properties in St Heliers, Glendowie & Kohimarama sold for $2 million or more over the last 3 months

$2M+ Average Sale Price

# Sales over $2M | 41 of 129 (St Heliers, Glendowie & Kohimarama last 3 months)

1st February 2018 to 30th April 2018 compared to same period last year.

$1,855,352 $1,863,337

St Heliers

$2,461,214 $2,420,884

Remuera

Parnell

$1,509,273

Mission Bay and Orakei

$1,765,888

$1,561,888

$1,983,262

$1,862,561 $1,684,677

Glendowie

$1,624,704 $1,768,306

Kohimarama

$2,061,330 $2,134,746

Epsom $0

$500,000

$1,000,000 Same Period Last Year

$1,500,000

$2,000,000

$2,500,000

$3,000,000

Last 3 months

* The local area shown on this page include data sourced from REINZ and Barfoot & Thompson for unconditionals sales made in Epsom, Kohimarama, Glendowie, Mission Bay, Orakei, Parnell, Mission Bay, Remuera and St Heliers.


DIFFERENT WAYS TO SELL THIS MONTH’S FEATURE


TOP TIPS

WHEN SELLING YOUR HOME

You have decided to sell your home, but now you are wondering ‘How’? At Barfoot & Thompson you have a choice of different methods to best suit you. This month we discuss the main sale methods and different agency types. Remember we have more information and a range of videos to help you make the very best choice on our website, barfoot.co.nz https://www.barfoot.co.nz/sell/sellingmethods


Auction A real estate auction is a method of selling a property through the process of public negotiation to determine the true market value of the property at that time. Not only is Barfoot & Thompson Auckland’s largest real estate company, but it is also Auckland’s leading auction house - holding more auctions than any other real estate company. Some benefits of selling by Auction include: • You market your home without a price – the sky’s the limit • You have 3 opportunities to sell your home by auction; a) pre-auction, b) under the hammer or c) post-auction • There are no additional fees associated with a Barfoot & Thompson Auction so you have nothing to lose • An Auction sale is unconditional, you know your settlement date and how much you have sold for when the hammer falls We have a team of seven auctioneers that do auctions - and only auctions. They’re not part-time sales people or managers. That means when you sell your house through a Barfoot & Thompson auction, you’ve got the most dedicated and experienced team possible working for you.

Tender When selling by Tender, your home is sold by way of confidential offers that buyers make by a set deadline. Offers are opened at the same time in the presence of a Barfoot & Thompson Manager or Auctioneer and you have five working days from the Tender Date to decide if you will accept an offer. You have the right to negotiate with just one of the buyers and once accepted, the buyer is bound by the terms and conditions of the Tender document. While any property can be sold by tender, it is particularly suitable for: • Properties where a number of parties must be consulted, for example, properties owned by a family trust or deceased estate • Properties where potential customers would expect to have to do due diligence before submitting an offer, for example, properties with strong development potential.


Promotion Your home is offered to the market at a fixed price that you determine or by negotiation.

A general agency allows a number of real estate companies to do real estate work for the same property, at the same time.

Potential buyers can make offers for you to consider, these offers are usually conditional on various factors the buyer needs to investigate such as finance, builders report, council Lim report contents etc.

If you sign a general agency agreement with more than one agency, you would only pay commission to the agency which succeeds in selling your property.

Your Barfoot & Thompson Salesperson will assist with negotiations and represents your interests throughout the process.

D L SO

With this type of agreement, every agent has the listing but nobody has responsibility of selling the property. Why list as a sole agency versus a general agency? There is an obligation placed on the salesperson to provide a sale, which encourages them to work harder for it.

When you choose Barfoot & Thompson as your sole agent, our track record, selling power and industry knowledge brings the experience needed to achieve outstanding results.

Sole vs. General Agency If you have a sole agency agreement, then only the real estate company named on the agreement can do real estate agency work (i.e. market and sell) on the property identified in the agreement. This type of agreement encourages the agency to work harder on your behalf. If you sign a sole agency agreement, you should not sign up to another agent, as you may have to pay commission for both.

watch: https://youtu.be/wqX8npCv9Ws Our salespeople share their top tips on how to decide what method of sale is right for your home. View on youtube, visit our website barfoot.co.nz or drop into a branch for more information about our sale methods.


Recent Sales

On the following pages are a summary of Sales in St Heliers, Glendowie, Kohimarama & Mission Bay made by all selling agencies during April, 2018. 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 and Thompson Limited (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect.


St Heliers | April 2018 39 Auckland Road Sale Price | $1,480,000

CV | $1,725,000

Land Size | 405

Floor Size | 186

Bedrooms | 3

10/7 Cliff Road Sale Price | $1,800,000

CV | $2,200,000

Land Size | 210

Floor Size | 216

Bedrooms | 3

22C Edmund Street Sale Price | $1,810,000

CV | $1,925,000

Land Size | 441

Floor Size | 322

Bedrooms | 4

7 Glen Oaks Sale Price | $2,220,000

CV | $1,800,000

Land Size | 664

Floor Size | 282

Bedrooms | 4

37 Glover Road Sale Price | $3,400,000

CV | $4,350,000

Land Size | 2219

Floor Size | 167

Bedrooms | 3

20 Hampton Drive Sale Price | $990,000

CV | $1,020,000

Land Size | 314

Floor Size | 117

Bedrooms | 2

6 Pamela Place Sale Price | $1,945,000

CV | $2,175,000

Land Size | 795

Floor Size | 253

Bedrooms | 4

3 Pycroft Place Sale Price | $2,500,000

CV | $2,750,000

Land Size | 608

Floor Size | 254

Bedrooms | 3

3/207 Saint Heliers Bay Road Sale Price | $960,000

CV | $1,140,000

Land Size | n/a

Floor Size | 114

Bedrooms | 2


St Heliers | April 2018 2/260A Saint Heliers Bay Road Sale Price | $688,000

CV | $710,000

Land Size | 827

Floor Size | 66

Bedrooms | 3

314A Saint Heliers Bay Road Sale Price | $1,440,000

CV | $1,450,000

Land Size | n/a

Floor Size | 203

Bedrooms | 3

2/16 Sayegh Street Sale Price | $1,285,000

CV | $1,340,000

Land Size | 1/2 SH 854

Floor Size | 184

Bedrooms | 3

68A Sayegh Street Sale Price | $1,060,888

CV | $1,100,000

Land Size | 1/3 SH 1290

Floor Size | 174

Bedrooms | 4

71 Speight Road Sale Price | $1,050,000

CV | $1,450,000

Land Size | 400

Floor Size | 136

Bedrooms | 3

3/39A Sylvia Road Sale Price | $1,350,000

CV | $1,525,000

Land Size | 379

Floor Size | 200

Bedrooms | 3

101 Tarawera Terrace Sale Price | $1,650,000

CV | $1,650,000

Land Size | 678

Floor Size | 180

Bedrooms | 3

56 Towai Street Sale Price | $2,200,000

CV | $2,275,000

Land Size | 921

Floor Size | 238

Bedrooms | 4

2/40 Vale Road Sale Price | $1,325,000

CV | $1,060,000

Land Size | 1368

Floor Size | 170

Bedrooms | 3


St Heliers | April 2018 77A Vale Road Sale Price | $1,390,000

CV | $1,525,000

Land Size | 402

Floor Size | 255

Bedrooms | 4

Glendowie | April 2018 9 Colchester Avenue Sale Price | $1,950,000

CV | $1,725,000

Land Size | 809

Floor Size | 101

Bedrooms | 2

14C Crossfield Road Sale Price | $1,688,000

CV | $1,340,000

Land Size | 1244

Floor Size | 182

Bedrooms | 4

32B Jefferson Street Sale Price | $1,890,000

CV | NA

Land Size | 418

Floor Size | NA

Bedrooms | 4

206 Riddell Road Sale Price | $2,150,000

CV | $1,550,000

Land Size | 820

Floor Size | 265

Bedrooms | 4

308 Riddell Road Sale Price | $3,100,000

CV | $3,215,000

Land Size | 1020

Floor Size | 228

Bedrooms | 4

440A Riddell Road Sale Price | $1,440,000

CV | $1,320,000

Land Size | 526

Floor Size | 209

Bedrooms | 3

This publication shows a wide selection of published residential property sales that have recently occurred. It includes information from published reports of sales made by most Real Estate agencies and may include private sales. 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.


Glendowie | April 2018 12 Rochdale Avenue Sale Price | $1,815,000

CV | $1,725,000

Land Size | 809

Floor Size | 211

Bedrooms | 5

11 Sierra Street Sale Price | $1,540,000

CV | $1,240,000

Land Size | 920

Floor Size | 189

Bedrooms | 4

5 Vanessa Crescent Sale Price | $2,750,000

CV | $2,025,000

Land Size | 603

Floor Size | 251

Bedrooms | 4

194 West Tamaki Road Sale Price | $1,100,000

CV | $1,060,000

Land Size | 652

Floor Size | 87

Bedrooms | 2

Kohimarama | April 2018 2/3 Harvey Place Sale Price | $507,500

CV | $560,000

Land Size | 1/4 SH 837

Floor Size | 60

Bedrooms | 1

17 Rawhitiroa Road Sale Price | $1,375,000

CV | $1,525,000

Land Size | 350

Floor Size | 217

Bedrooms | 4

1/18 Sprott Road Sale Price | $772,000

CV | $700,000

Land Size | 176

Floor Size | 74

Bedrooms | 1

62 Sprott Road Sale Price | $2,080,000

CV | $1,975,000

Land Size | 400

Floor Size | 252

Bedrooms | 3


Kohimarama | April 2018 7/183 Tamaki Drive Sale Price | $1,460,000

CV | $1,340,000

Land Size | n/a

Floor Size | 86

Bedrooms | 2

3/277 Tamaki Drive Sale Price | $1,700,000

CV | $2,075,000

Land Size | 155

Floor Size | 140

Bedrooms | 2

20 Whytehead Crescent Sale Price | $1,522,000

CV | $1,550,000

Land Size | 637

Floor Size | 225

Bedrooms | 4

Mission Bay | April 2018 1/34 Atkin Avenue Sale Price | $1,100,000

CV | $1,000,000

Land Size | 206

Floor Size | 105

Bedrooms | 2

2/45 Marau Crescent Sale Price | $2,410,000

CV | $2,375,000

Land Size | n/a

Floor Size | 265

Bedrooms | 4

3/42 Patteson Avenue Sale Price | $925,000

CV | $1,000,000

Land Size | 159

Floor Size | 77

Bedrooms | 2

49 Selwyn Avenue Sale Price | $3,031,000

CV | $2,600,000

Land Size | 748

Floor Size | 295

Bedrooms | 4

122 Selwyn Avenue Sale Price | $920,500

CV | $1,160,000

Land Size | 270

Floor Size | 77

Bedrooms | 2


Technology

Find your new place from Find your new any place. place from any place.

Barfoot & Thompson’s Thompson’s app helps you find the perfect home. Barfoot & app helps youfind find the the perfect home. With Barfoot & Thompson’s app helps you perfect home. With easy tointuitive use,features, intuitive features, you cansee instantly see easy to use, features, youcan caninstantly instantly homes forfor sale easyWith to use, intuitive you see homes sale nearby, or use easily adjustable filters to adjustable only that homes for salethe nearby, or use the easily filters to nearby, or use the easily adjustable filters to onlysee seehomes homes that match your criteria. only seecriteria. homes that match your criteria. match your

Deal with the firm that Deal the business. firm that does with the most There’s for it. does thea reason most business.

There’s a reason for it.


Barfoot & Thompson St Heliers/Kohimarama Mike Symonds is the Branch Manager of the Barfoot & Thompson St Heliers office and the newly acquired Kohimarama branch. The combined branches have a team of 39 motivated, experienced salespeople, a property management team and a dedicated Customer Service Manager. Our primary aim is to match our clients with the right customers and ultimately achieve the all important “SOLD� sign. More than any other company Barfoot & Thompson understands the area and has a large share of the local market. Mike Symonds, Branch Manager 021 330 307

We pride ourselves on our client & customer referrals due to our unparalleled service and dedication to achieving a great result.

As part of the Barfoot & Thompson network we have access to over 60 branches and more than 1700 salespeople covering greater Auckland and Northland. We pride ourselves on being one of the most technologically sophisticated real estate agencies, with our barfoot.co.nz website, mobile app and an advanced computer system managing listings and providing the latest information on market trends, finance and customers. Prior to managing St Heliers, Mike managed other real estate offices specilising in both residential, lifestlye and commercial property and has extensive experience in selling and leasing commercial property for Barfoot and Thompson City branch . Mike combines this knowledge and experience to help assist the branch and provide a superior service to his team, clients and customers. If you’re thinking of selling, feel free to phone or call in and see us. Our team will be happy to guide you through the process looking at cost-effective marketing solutions to sell your property for the best price, or call me anytime, 021 330 307 or msymonds@barfoot.co.nz

Property Management Team

Jan Amohia Portfolio Manager 027 550 9878

Nick Harris Property Manager 027 839 8285

Jo Varney Portfolio Manager 0277 285 2868

Ana Zerboni 021 876 201

Andrew Pender 027 273 2525

Andy Dye 021 795 655

Residential Sales Team


Residential Sales Team

Beth Pearce 021 420 642

Bob Gordon 027 475 9025

Chris Patrick 021 993 893

Chrissie Baker 027 494 4131

David Thompson 021 051 6278

David Tung 021 668 833

Dee Huxtable 0272 859 961

Fran Hudson-Carter 021 907 993

Glenn Flinkenberg 027 673 9350

Grant Marshall 021 284 3163

Hamish Hargrave 021 209 2781

Harry Zhou 021 520 842

Helen Clelland 021 216 8905

Helen McVicar 021 501 065

Helen Weber 021 278 8090

Joanne Gao 021 471 888

Julie Kennedy 027 575 9770

Kelly Midwood 021 407 416

Louise Barnsley 022 474 7070

Lynette Boyd 027 475 7205

Lynn Gruenwald 027 449 2171

Margarita Politis 021 284 3948

Margot Torrance 027 472 1688

Mark Peterson 027 490 4844

Moira Marshall 021 587 184

Nadia Ansell 021 387 444

Paul Neshausen 021 345 887

Rhys Chen 021 281 5800

Roy Young 021 309 888

Sam Rosenberg 021 558 781

Sue Su 021 166 6011

Thomas Weber 021 677 608

Tim Golder 027 298 0309

Trevor Wyness 021 976 906

Yvonne Nieper 027 490 9283

Zdenka Zinajic 021 656 114


Barfoot & Thompson St Heliers Cnr Tamaki Drive and St Heliers Bay Road St Heliers P: (09) 575 9079 E: stheliers@barfoot.co.nz

Kohimarama 9 Averill Avenue, Kohimarama P: (09) 528 0151 E: kohimarama@barfoot.co.nz

barfoot.co.nz/stheliers barfoot.co.nz/kohimarama

Barfoot & Thompson St Heliers & Kohimarama | May 18  

All the latest information and stats about the local property market.

Barfoot & Thompson St Heliers & Kohimarama | May 18  

All the latest information and stats about the local property market.