NORTH SHORE MARKET UPDATE
An insight into what is happening in your area.
MARKET GAINING STRENGTH
Recent weeks have seen a consistent flow of commentary acknowledgingthemarketisgainingstrength.
Taking a closer look at prices the North Shore median sale pricedeclinedsignificantlyfromJuly2022toMarchthisyear, over 18% down. Since March prices have stabilised with marginalchangeoverthepast3months.
There is a surge in activity from determined buyers, particularly notable at auctions. This is supported by easing lending criteria and amplified with the current restricted levelsofavailablelistings.
This stabilisation of prices, along with increasing auction success rates and the reserve banks assertion that the OCR has now peaked are all assisting in providing reassurance for kiwi’s(andagrowingnumberofmigrants)tohaveconfidence inthemarketmovingforward
As confidence rebuilds the market will continue to navigate some headwinds provided by traditional Winter trading volumesandtheupcomingelectioninOctober
As we move past the shortest day of the year, it is glaringly apparentthatbrighterdaysareaheadforthepropertymarket
Accordingtothelatestdata,propertylistingsacrossthecountry experienced a significant decline last month, reaching the lowestlevelforthemonthofMarchin16years
Therearecurrently1,165propertiesforsaleontheNorthShore, which is down 61 from 1,226 to recent weeks, with the number decreasing each week. What does this mean for buyers and sellers?ReadmylatestblogbyscanningtheQRcodebelow.
If you are interested to know what your property might sell for in the current market, please do reach out and I can prepare a comparativemarketappraisalforyou. I am currently running a promotion,allappraisalsdoneinJuneandJulygointothedraw towinarestaurantvoucher-detailsonthenextpage.
Please reach out if you have any questions, I would love to assist.
Untilnexttime,keepsmiling!
NEWSLETTER | JUNE 2023 CarlaO'Neil P E W 02041205961
LicensedSalespersonREAA2008
carla.oneil@harcourts.co.nz www.carlaoneil.co.nz
Carla
A YEAR FROM NOW, YOU MAY HAVE WISHED YOU STARTED TODAY
KarenLamb
YOUBEAUTY! JUSTSOLD!
I met these lovely purchasers a few weeks ago, looking to purchase their first home. Having missed out on a few opportunities prior to us meeting, we worked on a strategy whentheyfellinlovewiththisproperty,perfectfortheirfamily.
The property sold at auction on Sunday 18th June with 4 bidders,31bidsin13minutes. Itwaslighteningfast!
If you, or you know someone who would like to work with a knowledgeable buyers agent, please get in touch! It could makeallthedifference
FREEMARKETAPPRAISAL
DuringthemonthsofJuneandJuly,allonlinemarket appraisalsdonebymyteamwillgointothedrawtowin a$200restaurantvouchertoenjoyatoneofthemany participatingeateriesontheNorthShore.
Simplydropmeanemailwithyouraddress,numberof bedroomsandanyspecialfeaturesaboutyourproperty andIwillprepareanonlinemarketappraisalreportfor you. Noneedforavisit.
Goodluck!
HAVEACOFFEEONME
If you have any nagging real estate related questionsorsimplywanttotalktosomeonewho ishonest,reliableandwilltellyouhowitis,then let'sgrabacoffee.
Feel free to contact me at any time, I'd love to meetyou.
02041205961
carlaoneil@harcourtsconz
www.carlaoneil.co.nz
@carlaoneilauckland
@carla oneil harcourts
Abrilliantresult!
Carlaisawonderful,diligentagent Herattentiontodetailis impressiveandherextensiveknowledgeandexperiencemade usfeelateasefromtheverybeginning. Carlagaveusthe confidenceweneededtopurchaseatauctionwhenwewere initiallyfeelingnervousabouttheidea,resultinginusmissing outonpropertiespriortoworkingwithher Wefoundhertobe trustworthy,professionalandpleasanttodealwith Carla helpedguideusthroughtheduediligenceprocess,leavingno stoneunturned
WewouldnothesitatetorecommendCarlaandwouldbevery happytoworkwithheragaininthefuture.
Purchaser,2/161StredwickDrive-verifiedbyRateMyAgent
P E
W 2/161StredwickDrive,Torbay 4 3 2
