Pace of Change - The Luxury Issue 1, 2021

The

Issue 1, 2021

Luxury Issue Pace of Change

Lisa MacQueen

Verena Ryan

021 221 8622

027 522 0773

l.macqueen@barfoot.co.nz

PG

v.ryan@barfoot.co.nz

Powering Ahead January kicked off at an outstanding pace.

The normally mellow month when most of Remuera is at the beach, lake, or in the hills saw a healthy 8 sales over three million. A far cry from the preceding 4 years that witnessed a flat 1 or 2 sales each January.

Our stellar January rests on the heels of a period of extreme growth in the last quarter of 2020. An historic event as it was the strongest price rise since data collection began back in 1992.

We are a close knit team that keeps a close eye on price trends to help our homeowners maximise their sale price. Along with Barfoot & Thompson, we are grateful to be party to stellar results last quarter.

The question we are now asking is whether the extreme growth will continue? As much as we would like to predict a continuation, sharp

increases normally occur in bursts, with 2015 being the last run.

Demand for Remuera homes will remain high, with higher LVR ratios on investors having limited impact as most homes over three million are owner occupied.

Close attention to market trends and the weekly pulse of supply and demand enables us to provide valuable insight into when to come to market.

Exactly when you start a campaign is critical to maximize value, yet we are surprised how often this is overlooked and underplayed. Connect with us. We are experts in understanding where buyers see value and can advise on the merits of renovating or selling potential. Business professionals, we deliver energy, detailed market insight, and personal commitment to help you achieve your dreams for your property.

Lisa MacQueen & Verena Ryan

October 2020 – January 2021 Three million plus Remuera Residential Market

3 Aldred Rd

58 Arney Crescent

73A Arney Rd

34 Ascot Avenue

54 Bassett Rd

Sold $4,175,000 CV $3,900,000 Land 1181m2 | Floor 220m2

Sold $7,051,000 CV $5,300,000 Land 1059m2 | Floor 301m2

Sold $5,225,000 CV $6,400,000 Land 1222m2 | Floor 342m2

Sold $3,560,000 CV $2,975,000 Land 915m2 | Floor 253m2

Sold $9,800,000 CV $7,800,000 Land 1494m2 | Floor 420m2

89 Bassett Rd

126 Bassett Rd

81 Bell Road

83 Bell Road

48C Benson Road

Sold $4,000,000 CV $2,725,000 Land 1034m2 | Section

Sold $3,100,000 CV $2,200,000 Land 601m2 | Floor 234m2

Sold $3,000,000 CV $2,525,000 Land 859m2 | Floor 172m2

Sold $3,203,000 CV $2,550,000 Land 857m2 | Floor 316m2

Sold $7,875,000 CV $6,300,000 Land 1897m2 | Floor 502m2

Verena Ryan and Lisa MacQueen

86 Benson Road

4 Burwood Crescent

8 Chatfield Place

46 Clonbern Road

47B Clonbern Road

Sold $4,200,000 CV $2,850,000 Land 612m2 | Floor 356m2

Sold $4,200,000 CV $3,800,000 Land 613m2 | Floor 273m2

Sold $5,500,000 CV $4,450,000 Land 607m2 | Floor 345m2

Sold $3,315,000 CV $3,175,000 Land 642m2 | Floor 243m2

Sold $3,200,000 CV $n/a New Build | Floor 404m2

47C Clonbern Road

30 Combes Road

46D Eastbourne Road

7 Entrican Ave

11 Entrican Ave

Sold $3,200,000 CV N/A New Build | Floor 418m2

Sold $4,006,000 CV $3,325,000 Land 799m2 | Floor 447m2

Sold $4,000,000 CV $4,300,000 Land 906m2 | Floor 254m2

Sold $3,400,000 CV $3,050,000 Land 905m2 | Floor 352m2

Sold $5,600,000 CV $3,950,000 Land 883m2 | Floor 386m2

32 Entrican Avenue

12 Glenbrook Street

13 Hapua Street

31 Hapua Street

8 Ingram Rd

Sold $3,922,000 CV $3,250,000 Land 860m2 | Floor 271m2

Sold $4,128,000 CV $3,750,000 Land 817m2 | Floor 250m2

Sold $3,400,000 CV N/A Land 362m2 | Floor 318m2

Sold $3,080,000 CV $2,300,000 Land 1057m2 | Floor 90m2

Sold $4,525,000 CV $2,925,000 Land 642m2 | Floor 258m2

29 Kenny Road

12 Ladies Mile

32 Lucerne Road

20 & 20A Mahoe Avenue

38A Mahoe Avenue

Sold $4,271,000 CV $3,075,000 Land 623m2 | Floor 305m2

Sold $3,110,000 CV $2,350,000 Land 676m2 | Floor 301m2

Sold $3,050,000 CV $3,450,000 Land 801m2 | Floor 282m2

Sold $6,500,000 CV $5,600,000 Land 1788m2 | Floor 322m2

Sold $3,060,000 CV $2,525,000 Land 760m2 | Floor 265m2

20 Martin Ave

1 Ngapuhi Road

10 Ngapuhi Road

3 Ohinerau St

19 Omahu Rd

Sold $6,500,000 CV $5,200,000 Land 961m2 | Floor 536m2

Sold $3,380,000 CV $2,225,000 Land 664m2 | Floor 332m2

Sold $3,275,000 CV $2,300,000 Land 688m2 | Floor 266m2

Sold $3,315,000 CV $2,600,000 Land 684m2 | Floor 275m2

Sold $7,250,000 CV $5,100,000 Land 1011m2 | Floor 378m2

7 Orakei Rd

196A Orakei Road

45B Portland Rd

29 Pukeora Ave

6 Raumati Rd

Sold $5,200,000 CV $4,900,000 Land 940m2 | Floor 503m2

Sold $3,525,000 CV $3,900,000 Land 810m2 | Floor 315m2

Sold $3,200,000 CV $2,900,000 Land 1006m2 | Floor 313m2

Sold $3,500,000 CV $3,050,000 Land 908m2 | Floor 320m2

Sold $4,310,000 CV $3,100,000 Land 727m2 | Floor 283m2

Verena Ryan and Lisa MacQueen

556 Remuera Rd

716 Remuera Rd

726 Remuera Road

18 Ridings Road

32 Ridings Road

Sold $4,000,000 CV $3,550,000 Land 1057m2 | Floor 304m2

Sold $3,060,000 CV $2,625,000 Land 923m2 | Floor 292m2

Sold $3,600,000 CV $2,650,000 Land 660m2 | Floor 306m2

Sold $4,500,000 CV $4,445,000 Land 919m2 | Floor 237m2

Sold $7,520,000 CV $6,900,000 Land 1033m2 | Floor 454m2

8 Seaview Rd

50 Seaview Road

60 Seaview Road

84 Seaview Road/11 Shore Rd 5 Sonia Ave

Sold $3,000,000 CV $3,100,000 Land 683m2 | Floor 333m2

Sold $4,800,000 CV $3,550,000 Land 1011m2 | Floor 181m2

Sold $6,830,000 CV $5,300,000 Land 885m2 | Floor 461m2

Sold $3,500,000 CV $3,100,000 Land 790m2 | Floor N/A

Sold $3,561,000 CV $2,450,000 Land 667m2 | Floor 208m2

24 Sonia Ave

26 Sonia Ave

39 Spencer Street

37 St Vincent Ave

21 Te Kowhai Place

Sold $3,570,000 CV $2,950,000 Land 1085m2 | Floor 186m2

Sold $3,400,000 CV $3,125,000 Land 1039m2 | Floor 163m2

Sold $5,988,888 CV $4,200,000 Land 683m2 | Floor 451m2

Sold $8,600,000 CV $7,400,000 Land 2565m2 | Floor 355m2

Sold $3,325,000 CV $3,850,000 Land 1542m2 | Floor 230m2

9 Tonks Street

12 Upland Road

27A Upland Road

117 Upland Road

184A Upland Road

Sold $3,450,000 CV $3,300,000 Land 1068m2 | Floor 288m2

Sold Undisclosed CV $9,750,000 Land 2478m2 | Floor 644m2

Sold $4,850,000 CV $4,750,000 Land 1092m2 | Floor 503m2

Sold $3,200,000 CV $1,750,000 Land 352m2 | Floor 208m2

Sold $3,200,000 CV $3,450,000 Land 931m2 | Floor 290m2

188A Upland Rd

37 Ventnor Rd

222 Victoria Ave

277 Victoria Ave

3 Wairua Rd

Sold $4,475,000 CV $4,150,000 Land 781m2 | Floor 540m2

Sold $5,400,000 CV $4,250,000 Land 966m2 | Floor 343m2

Sold $10,000,000 CV $9,250,000 Land 1410m2 | Floor 570m2

Sold $5,950,000 CV $6,400,000 Land 1389m2 | Floor 309m2

Sold $3,350,000 CV $3,125,000 Land 738m2 | Floor 300m2

6 Westbourne Rd

11 Woodley Ave

3 Wootton Road

8 Wootton Road

Sold $6,100,000 CV $6,100,000 Land 1097m2 | Floor 407m2

Sold $4,410,000 CV $3,600,000 Land 1011m2 | Floor 313m2

Sold $4,000,000 CV $2,825,000 Land 665m2 | Floor 314m2

Sold $3,285,000 CV $2,150,000 Land 473m2 | Floor 145m2

Remuera

This publication shows data regarding a wide selection of published residential property sales. The information comes 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 not be reported. Every reasonable effort has been made to ensure the accuracy of the information. Lisa MacQueen, Verena Ryan and Barfoot and Thompson Limited (REAA2008) accept no responsibility should the contents of this market report prove to be incomplete or incorrect.

Remuera Branch, 417 Remuera Road | 09 524 0149