Jega | Market Report
Lincoln Sha
Meet Sha
The first thing you'll notice when you meet Sha is her infectious energy and her ability to connect with everyone she meets. In fact you may have already met her around Lincoln, a community that she has fallen in love with, and one where she plans to one day soon build her forever home!
Sha made the move to realise her passion for sales, after originally having a career in property management. She has the discipline required to succeed, and has a wonderful ability to help her clients achieve their dream results.
An early-riser, Sha is on the go throughout the entire day, ensuring her clients’ needs are at the fore. Her phone battery will always be full, and she has an internal battery to match!
Sha hopes that this inaugural Lincoln Property Report gives you a great insight into the current house price trends in Lincoln. She is always available should you wish to discuss your property needs further.
A little about Najib
Najib Real Estate was established over 6 years ago with the vision to change the way of the real estate industry, and to become the most peoplefocused company on earth with integrity and transparency at the fore.
Selling a home is one of life’s most important decisions, so we provide extraordinary service, with a professional experience like no other. We operate with a simple and timeless philosophy that the client’s interest always comes first. Najib Real Estate is about working with people, collaborating with clients, and providing real property advice.
Experience the difference a different approach makes...
At Najib, it is not just about selling your property; it is about maximising your property’s value. With an eye for detail, we know it is the little things that count. We are not confined by the boundaries of the traditional real estate industry.
Our aim is to provide you with the ultimate selling experience that we believe it should be. We guarantee that you will be well informed every step of the way; our communication with you will always be transparent, timely and honest.
We offer beautiful, contemporary marketing, individually tailored by our creative team to best display your unique property, and appeal to today’s buyers.
We firmly believe that our total devotion of combining beautiful marketing and professional home styling with the most highly skilled agents, has attributed to properties selling at the top of their range.
Market Commentary Lincoln
With the leaves falling and winter fast approaching, we find ourselves in a real estate market where house prices are continuing to decline, with this trend expected to continue to the end of 2023. In terms of the real estate cycle, we are definitely at the “fall” stage, following the strong “boom” and “peak” of the previous two years.
However, it’s not all doom and gloom. Due to the recent market growth being so incredibly strong (New Zealand wide, there was a 43% growth in prices between March 2020 and March 2022), nationwide house prices in March 2023 are actually sitting at around 25% greater than they were back in March 2020.
In saying that, your property today is not going to be worth what it would have sold for a year ago. In Lincoln, the median house sale price has dropped by 15% in the past year (March 2022 compared with March 2023.) This is in contrast to March 2021 to March 2022, where the median sale price increased by 36%.
The past six months have seen two expected trends. The total number of properties that have changed hands during this period is 16% less than the six months prior, whereas the average days a property is on the market has increased by 12%.
If you are looking to sell, now is still a good time – before prices drop further. We are still getting a lot of interest in the properties we have on the market, with the number of potential buyers coming through open homes rivalling post-Covid numbers. Vendors just need to be realistic about the price they can achieve in this market. When properties are marketed with a realistic price guide, they attract the right buyers, allowing you to get the best possible price for your home in the shortest time possible.
Should you ever need any real estate advice, I am always here to help. As your area specialist, please reach out at anytime.
Sha JegaLincoln Residential Sales Data
October 2022 - March 2023
$870,000
Median Selling Price
95 Properties Changed Hands
55 Average Days on the Market
$1,805,000 Highest Selling Price
Lincoln Monthly House Sales
Number
$$200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 0 5 10 15 20 25 30 35 40 45 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23
of Sales Monthly Median House Sale Price
39 Cassidy Avenue, Lincoln
Sold by Najib Real Estate for $905,000
Sold Off-Market
“We were very impressed with Sha’s knowledge and helpful advice. She communicated regularly with us as to what was happening, and due to this we had a stress-free sale. Sha has a lovely and bright bubbly personality, whose company we have enjoyed on her visits during the sale, and after. She is supported by Najib Real Estate, whom we have dealt with before, and wouldn’t hesitate to use again or recommend.”
Ian and Val (Vendors)4 2 3
“Shahasgivenusawonderfulstress freesaleandwewouldn’thesitateto recommendher.”
Lincoln Annual Sales Data
Year House Sales Median Price % Change 2012 121 $535,000 19% 2013 136 $549,000 3% 2014 172 $580,750 6% 2015 155 $580,000 0% 2016 226 $604,000 4% 2017 198 $584,000 -3% 2018 230 $585,000 0% 2019 233 $595,000 2% 2020 334 $620,000 4% 2021 301 $775,000 25% 2022 204 $926,750 20% $$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 0 50 100 150 200 250 300 350 400 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Annual Median House Sale Price Number of Houses Sold Lincoln Residential House Sales Number of Sales Median Price
Start with a strategy, end with a sale...
Views: 45% more
Watchlisters: 28% more
Emails: 56% more
Phone: 48% more
Trade Me Statistics, Najib Real Estate
ComparedtootherlistingsonTradeMe
Basedondataoverathree-monthperiod2023
Interest rates and inflation might be up; however, this does not mean that the real estate market stops. What does become more important than ever though in a buyers’ market, is your selling strategy.
First and foremost, you need an agent who understands the current market, adjusts their strategies accordingly, and who is willing to have an open and honest conversation with you about the value of your home today – not 6 or 12 months ago.
Secondly, it is imperative to engage 100% of the market. A recent survey conducted by realestate.com.au found that 72% of prospective buyers will scroll past or ignore properties that do not have a price or price guide. At Najib we always market properties with a price guide. That way we know you are dealing with 100% of the market, not 28%.
Thirdly, you don’t want to compromise when it comes to marketing your home beautifully. You need to choose a premium online package that will put you in a prime position for web-based searches. According to realestate.com.au, 40% of buyers do not go past the first page of results when searching.
With the way online packages are structured, if you do not select a superior package, you may never appear on the first page – even if your property is the latest listing. You also need to include a high-end social media package that shows your listing to not only those searching in your area, but also a wider range of buyers who are looking in neighbouring suburbs at similar properties.
Finally, people are time-poor; they don’t want to go hunting for basic information when they are looking for a property. Property information needs to be available at buyers’ fingertips. The last thing you want is for buyers to be frustrated before they even turn up to your open home. The two top things that frustrate buyers are not having a price guide (72%) and not having a floor plan (54% of those researched by realestate.com.au.) This is why when you list with Najib, your home will always have both of these included.
Anyone can put an ad on Trade Me or realestate.co.nz, but in times like these, you want an agent who is going to give honest advice and add value. After all, if you start with the right strategy, you are going to end up with a great sale.
Top 20 Residential Sales in Lincoln
Address Beds Sales Date Land Price 1 76 Verdeco Boulevard 5 March 2023 3000m2 $1,805,000 2 33 Stables Drive 4 February 2023 2019m2 $1,695,000 3 50 Kaitorete Drive 4 November 2022 704m2 $1,510,000 4 38 B Liffeyfields Drive 5 December 2022 4017m2 $1,500,000 5 32 Carnaveron Drive 3 November 2022 910m2 $1,350,000 6 21 Ryelands Drive 3 October 2022 1727m2 $1,315,000 7 57 Halpin Drive 4 March 2023 1004m2 $1,300,000 8 14 Putakitaki Street 4 October 2022 853m2 $1,278,000 9 51 Kaitorete Drive 4 February 2023 837m2 $1,210,000 10 23 Vernon Drive 5 October 2022 702m2 $1,200,000 11 36 Monte Crescent 4 December 2022 726m2 $1,150,000 12 32 Ryelands Drive 4 February 2023 1051m2 $1,150,000 13 51 Blunden Road 4 January 2023 830m2 $1,129,000 14 1458 Springs Road 4 February 2023 744m2 $1,120,000 15 29 Monte Crescent 3 March 2023 641m2 $1,100,000 16 8 Kaitorete Drive 4 November 2022 727m2 $1,090,000 17 8 Mavis Close 4 March 2023 705m2 $1,070,000 18 23 Te Raki Drive 3 March 2023 751m2 $1,067,500 19 3 Trainor Street 4 February 2023 688m2 $1,065,000 20 19 Patiki Street 4 October 2022 724m2 $1,035,000
October 2022 - March 2023
Sha Jega
Specialising in Lincoln
m 027 375 3670
@ shajega@najibre.co.nz
116 Peterborough Street Christchurch Central 8013
najibrealestate.co.nz
Licensed REAA 2008
