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Property Talk with Highland

Park

The trend in the median price has flattened over the past year with the volume trend recently flattening from a falling trend. The days to sell trend continues to ease. The House Price Index is remaining fairly steady, remaining effectively the same as 12 months ago.

• Median Price down 1% • Sales Count up 2% • Days to Sell increased two days Compared to March 2018: • • • •

Median Price down 3% Seasonally adjusted median price up 0.4% Sales Count down 24% Seasonally adjusted sales count up 0.3% • Days to Sell unchanged

sales, prices holding and a good listing

For example, Franklin sees a steady demand, with moderate increases in

be any major changes to the current

base, whereas East Auckland is seeing a slowdown in auctions and open home attendees. Rodney continues to see an influx of out of town buyers looking to re-settle within the region as parts of Rodney are currently experiencing high growth in commercial building activity. Auckland’s property market is always changing, but it is likely that there won’t patterns until spring.”

826,500

Pakuranga

850,000

Pakuranga Heights

$820,000

Manukau

April 2018

Compared to April 2017:

2018

Bindi Norwell, REINZ CEO, says “Auckland continues to see strong interest from first home buyers, however, price remains an issue. The REINZ HPI and median house price remained stable, but vendors are reticent to list unless they have a genuine need to sell as buyers are slow to make decisions. The Auckland property market is showing signs of becoming more complex with different sales patterns within the region.

Median Price Breakdown

O

ur seasonally adjusted results tell us that, compared to what we expect when moving from March to April, the observed decrease in median price was what was expected and the observed decrease in sales count was what was expected. The current Days to Sell of 37 days is slightly more than the 10-year average for April which is 34 days. The level of inventory available for sale currently sits at 21 weeks, two weeks more than in April 2017.

Autumn-Winter

$998,000

Howick

$890,000

Highland Park

$855,000

Half Moon Bay

REINZ Residential Statistics Report for April 2018 “Real estate industry sees highest annual volume increase in 23 months”, says REINZ “The last time there was an annual increase in the number of properties sold that was this strong, was in May 2016. It is a pleasing result for the industry that we have had three out of four months suggesting that the market is in a good position,” says REINZ Chief Executive, Bindi Norwell. For more REINZ HPI information, see https://www.reinz.co.nz/reinz-hpi

Northland

$455,000

Auckland

$850,000

Waikato

$503,000

Bay of Plenty

$570,000

Gisborne

$320,000

Hawke’s Bay

$431,250

Manawatu/Wanganui

$305,000

Taranaki

$365,000

Wellington

$558,000

Nelson

$550,000

Marlborough

36

Median days to sell in APRIL

$550,000

national median sale price The REINZ House Price Index shows: National

+3.8% on April 2017

$420,000

National ex Auck

+6.6% on April 2017

Tasman

$530,000

Auckland

+0.9% on April 2017

West Coast

$172,000

Canterbury

$441,000

Otago

$460,000

National

-0.1% on March 2018

Southland

$250,000

NZ excluding Auckland

$460,000

NEW ZEALAND TOTAL

$550,000

National ex Auck

-0.0% on March 2018

Auckland

-0.3% on March 2018


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Lauren McDowell 09 216 8532 / 021 022 65422 lauren.mcdowell@mikepero.com

Suzanne McDowell 09 215 2787 / 027 494 2405 suzanne.mcdowell@mikepero.com

Mike Pero Real Estate Ltd Licensed REAA (2008)

Property Talk with Suzanne McDowell, Mike Pero Real Estate, Autumn-Winter 2018  

Property Talk with Suzanne McDowell, Mike Pero Real Estate, Autumn-Winter 2018

Property Talk with Suzanne McDowell, Mike Pero Real Estate, Autumn-Winter 2018  

Property Talk with Suzanne McDowell, Mike Pero Real Estate, Autumn-Winter 2018