Property Talk with Mike Pero, West Melton & Rolleston, February-March 2017

Featured Properties Kirwee

De Renzie Delight

$469,000

Kirwee, just 20 mins West of Christchurch has consistently been a location of choice among home buyers and this latest offering at 7 De Renzie Place in the central part of the town will definitely help continue the trend. It’s a real beauty. Private, sheltered easy care and loaded with features which make it very good value at the asking price. Four double bedrooms, master ensuite and walk in robe, spacious living and lovely North-facing deck and BBQ area.

Double garage/ workshop as well as abundant off-street parking. Good sized vegetable garden.

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7 De Renzie Place, Kirwee

ID# RX1014509

Kirwee

Convenient Kirwee Lifestyle

$679,000

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One look at this great location with the ever popular 1/2 hectare lifestyle block size at the right price and the dream begins to come alive. This 5254 m2 property features a permanent material home designed and sited to capture the best of the sunshine and semi-rural views from the Port Hills to the Southern Alps. The traditional house style features open-plan kitchen/dining/family areas with sep. lounge, double internal access garage, sep. laundry and 3 double bedrooms with a double bedroom sized office. An additional free standing double garage completes the picture perfectly.

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Rolleston

80 Crozier Drive, Kirwee

ID# RX1014474

Family Friendly in Farringdon

Enq over $569,000

This beautifully presented 4 bedroom, 2 bathroom executive family home is sure to please. With great street appeal nestled amongst other quality homes this near new permanent material home has a fully fenced secure north facing sunny backyard for the safety and security of children and pets alike and offers a great opportunity to purchase in the ever popular Faringdon subdivision. In close proximity to the new Lemonwood Grove school, pre school, Rolleston College, Aquacentre and Foster Park and just a short drive to the Rolleston shops. This is a quality home at a realistic price.

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Hornby

6 Rossall Crescent, Rolleston

Huge Price Reduction! Priced to Sell!

ID# RX1014464

$339,000

Wow! What a find the minute you walk through the doors you will feel at home in this comfortable well appointed family home that has been tastefully redecorated throughout and with new carpet and tiled floors this property is sure to please. Why rent when you can buy your very own home? This sunny and spacious functional family home is instantly appealing. Well fenced 1930’s home, separate formal lounge, open plan kitchen/dining. Attic space with lighting for storage. In-built bbq and fabulous vege garden. Heating is provided by log-burner. Close to schools and shops for your convenience.

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155 Gilberthorpes Road, Hornby

ID# RX956329

Mike Pero Real Estate, Rolleston and West Melton

Property Talk with Mike Pero West Melton & Rolleston Also covering the Selwyn and Ashburton Districts Happy New Year from us!

We’ve been back for a while now and already 2017 is looking bright and cheery.

There are enquiries from potential buyers across a wide range of property values – so no matter how little or how much you believe your home is worth we need to hear from you sooner rather than later. The break of 2-4 weeks for some ID# RX956329 people has been enough for them to gather their thoughts and set some new year resolutions. We find between

6a Kidman Street, Rolleston, Christchurch Phone 03 347 1111 or 0800 500 123 Mike Pero Real Estate Ltd Licensed REAA (2008) Statement relating to passing over of information: mikepero.com/receivinginformation

Mike Pero Real Estate Ltd Licensed REAA (2008)

FEBRUARY / MARCH 2017

now and April are the sunshine days in this industry as many Kiwis are determined to make changes to their lifestyles. A home and a job tend to be at the top of the list. Interest rates have remained relatively stable over the past few months and we can honestly say its not a bad time to be borrowing for a home.

www.mikepero.com – there’s bound to be something there that will whet your appetite.

Some of those amongst us recall rates of over 20% per annum, so 4-6% is very good.

Grab yourself a cuppa and check out our website at

Best wishes,

Anyhow, we’re on deck, in the office, and ready to go – if you’re unsure about your property value then call us now for a noobligation market appraisal.

We look forward to hearing from you!

eather, H , e o J , y e c a Tr Cheryl Steph, Cath, 0800 500 123 www.mikepero.com

Mike Pero Real Estate Ltd Licensed REAA (2008)

What’s Happening in the Market?

The median price trend continues to easing, with the sales volume trend improving to steady. The days to sell trend has moved up to easing. The overall trend for the region continues to ease.

Sales volume across the region rose 2% compared to December 2015, with sales rising 77% in Rangiora, 20% in Timaru and 7% in West Coast. Compared to November sales volumes increased by 1%, with sales volumes rising 25% in Rangiora, 23% in Mid-Canterbury and 5% in Timaru. On a seasonally adjusted basis volume rose by 6% compared to November.

The median price rose $16,850 (+4%) compared to December 2015. Prices rose 34% in West Coast, 30% in North Canterbury and 4% in Christchurch. Compared to November the median price fell $2,000 (-1%), with prices rising 35% in West Coast, 18% in North Canterbury and 16% in Rangiora. On a seasonally adjusted basis the median price rose 1% compared to November.

The number of days to sell was steady at 31 days compared to November. Compared to December 2015 the number of days to sell eased by one day. Over the past 10 years the number of days to sell in December across the region has averaged 32 days.

According to REINZ December 2016 statistics, the median sale price in Ashburton was $322,500 with 21 dwellings sold over an average of 43 days; West Melton was $807,500 with 4 dwellings sold over an average of 46 days; and Rolleston was $555,000 with 33 dwellings sold over an average of 26 days.

REINZ Regional Director, Jim Davis commented that, “The market was busy right up until Christmas with indications of continued strong activity in January based on levels of enquiry and new listings. The number of first home buyers and investors has not really changed over the past month, indicating that the market has absorbed the new LVR rules and is now moving on.”

Median Price Breakdown - December 2016 West Coast South Canterbury Timaru Mid-Canterbury North Canterbury Rangiora Christchurch

$230,000

Source: REINZ Source: REINZ

$275,000 $310,500 $330,000 $460,000 $498,250 $455,710

Thinking Aloud with Mike Pero Welcome to the new year! Without doubt 2017 will mean different things to each one of us - some will be looking forward to a new home while others will be saving desperately for their first home. I often get asked what is going to happen with the property market this coming year? I always start by explaining what I do know – firstly I don’t have a crystal ball and I am not an economist. Someone once said the best economists are those that predict the rise and falls of the property market and the dates but never put the two together I agree. If history prevails there will be property rises and falls but who knows how much and when? I certainly don’t. The basic fundamentals remain the same – supply and demand and at the moment there is a shortage of houses and an oversupply of people in New Zealand wanting homes. Migration continues to be positive (very positive) and the economy in general terms is in very good shape. Tourism, one of our main income earners, continues to increase as plane loads of visitors spend their money on our shores. I’m hoping for a good year and I would also like to wish all our customers a very happy new year.

New Year’s Resolutions for Home Sellers dripping tap or small crack in the wall - ensure that they With every New Year comes a raft of noble are not a symptom of a larger problem that will crop up New Year’s resolutions - eat healthier, join in a builders report. Rope in a friend or family member a gym, quit smoking, save money, manage to take a tour through your home. Ask them what imperdebt, and the list goes on. However, if you fections meet the eye and make sure they are brutally are thinking about selling your home in honest. They will pick up on things that potential home 2017, then here are some resolutions that owners will also notice. could help boost your chances of a swift and Always be one step ahead successful sale.

Avoid over-spending on renovations Sometimes people will look to renovate their home prior to selling with the intention of adding extra value.

However, it pays to tread carefully, mammoth makeovers are very risky and it is best not to try and anticipate what buyers want in terms of decor and design. Remember that renovations do not necessarily translate to market value. Smaller and more affordable ways to add value to your home could be as simple as replacing door handles or updating kitchen cabinetry. Don’t forget to spruce up existing areas such as decking with a waterblast of concrete, or the re-staining of wood.

Don’t neglect minor repairs It is a wise idea to set aside a few weekends to fix those pesky pieces that need to be repaired. Whether it be that

It is important that you don’t let your future plans get lost in the whirlwind of selling your home. It is best to be prepared for where you will be going once your home has sold - especially if it sells quickly! On the other hand, you also need to prepare yourself with a Plan B if your home doesn’t sell quite as quickly as you anticipated.