West Melton Report (Issue 3)

West Melton Nathan Najib | Market Report

Market Commentary

In over 15 years of selling real estate, I have never seen a market like the one we are currently experiencing. There is rapid growth, the extent of which we have not witnessed before. Demand for property is by far exceeding the number of properties for sale, meaning it is a sellers’ market.

West Melton is not immune to this “crazy market” either. In fact, the median house sale price has risen by 10% in this area in the past six months alone (REINZ). This high level of rapid growth is well beyond what anyone could have accurately predicted, and is neither sustainable nor healthy for the real estate market.

As a local resident, you know that West Melton affords a wonderful lifestyle to anyone that lives here, and it appears that word is quickly getting out! The past six months have seen the area become an attractive and affordable option for national buyers, and this trend is continuing to push up the demand for housing.

It is easy to understand why Selwyn is a huge drawcard for national buyers when you consider what you could buy in Auckland for the same price as a beautiful, spacious section and large home in West Melton. It is also just a short, easy commute to the city centre for work, compared with what you would experience living in many other main centres.

Without doubt, we are experiencing a “property bubble”, and although this bubble will not last forever, it is set to continue until supply meets demand. There are three main influences that need to come into play for this to happen: The ease in national buyers moving to the area to help reduce demand and high prices; the release of new subdivisions and sections to increase supply; and finally, an increase in interest rates to help level the market, which we are just starting to see now as we enter spring. At best estimate, we are looking forwards 12 months before we see the evidence of a true market correction.

If you are thinking of selling, now is definitely the right time. I specialise in selling homes in West Melton and am your expert in the local market. I would love to have the opportunity to help you achieve your property goals.

Nathan Najib

About Nathan Najib

Nathan is proud of the life he has created. Unsurprisingly to those that know him, he is living his desire to change the world of real estate from something it should never have been, to something that supports the community and helps others move forward.

Starting out in the real estate business at 19, by 23 Nathan was recognised as being one of the best in the industry, an up and coming force to be watched and emulated. However, he felt there was something fundamentally wrong with the industry and wanted to make a difference. Not many people are brave enough to say, “enough is enough” and then do something about it, but Nathan did just that. He decided to create and build his own vision.

A breath of fresh air in the industry, Najib Real Estate is founded on simplicity, transparency, and excellence, with three unbreakable rules forming the bedrock of this company:

01 /

02 /

03 /

Do what is right and avoid what is wrong

Do everything to the best of your abilities

Show people you care

Nathan’s vision was to create the most people-focused real estate company on earth. Often real estate is associated with low standards, but Najib Real Estate holds close the philosophy that “The interest of the client always comes first.”

West Melton Breakdown in the last 6 months April 2021 - September 2021

$940,000

27

9.3%

-39%

26

$1,522,000

18.8%

24.2%

Median Selling Price

Properties Changed Hands

Average Days on Market

Highest Selling Price

4

2

2

14 Shona Lane, West Melton Sold by Nathan Najib for $825,000 April 2021

"Nathan has expert market knowledge and provides advise on how best to sell your home after finding out what is the best way for you. He's not about one size fits all. He spends the time asking questions about what you want, what you think is the best price for your home, and then goes about working on getting the best he can for you. I can't speak more highly of Nathan and his team. If you are looking for an agent that listens and works with and for you, then take the time to give him a call."

Tony (Vendor)

"An Agent who listens...

I can't speak more highly of Nathan and his team."

5,000m 2

3 Joshua Place, West Melton Sold by Nathan Najib for $605,000 May 2021

"Thanks to the team at Najib Real Estate! With great communication throughout there was never any doubt that we'd get the excellent outcome that we did. Being the second time dealing with Najib we knew what to expect and certainly weren't let down. Thanks again."

Sam (Vendor)

"No stone was left unturned in the process of selling our property."

4

2

2

10 Silver Peaks, West Melton Sold by Nathan Najib for $1,250,000 June 2021

"I was particularly impassioned by the way you see this area, its beauty, and as a market, a beautiful place to live, and that's why we chose to live here.

And although sad to be leaving it, the experience you portrayed in your marketing material was exactly the experience I had. I found the team at Najib high quality, but very personal. This is a challenging journey to leave what was a dream home we built, but actually felt that you shared that emotion with us, and that the sale was about us and not the house."

Darryn (Vendor)

"The sale was about the people, not the sale itself."

4

2

2

1 Brinsworth Avenue, West Melton Sold by Nathan Najib for $1,250,000 July 2021

"Having worked with Nathan and the Najib team previously, choosing an agent that we believed would “work for us” to sell our home was an easy decision to make. Through living and working in the area, Nathan has built strong relationships and contacts which allowed us to have confidence in him to not only sell our home but find our next. He is extremely proactive and very approachable. The team at Najib were very professional and respectful in their dealings with us and the purchasers.”

Jeremy and Nikki (Vendors)

"We would have no hesitation recommending Nathan to perspective vendors ."

4

2

4

79 Iris Taylor Avenue, West Melton Sold by Nathan Najib for $1,450,000 July 2021

"We dealt with Nathan and his team only for a short time. He signed us up and within days he had lined up people to take through. We were living in another town so didn't have time to get the house ready to sell, so Nathan organised everything for us to get the jobs completed. So as a result our home didn't even get to market and got sold very fast. He and his team made the whole process very smooth and would highly recommend Najib Real Estate for anyone that is thinking of selling their home."

John and Deborah (Vendors)

"Our home didn't even get to market and sold very fast."

Top Residential Sales in West Melton Address

Bedroom

Sales Date

Land size (m2)

Price

1

109 Silver Peaks Drive

4

July 2021

1,834

$1,522,000

2

79 Iris Taylor Avenue

4

July 2021

3,867

$1,450,000

3

11 Westmere Mews

4

September 2021

1,070

$1,450,000

4

58 Ridgeland Way

4

September 2021

1,815

$1,440,000

5

28 Shepherd Avenue

5

May 2021

3,064

$1,255,000

6

10 Silver Peaks Drive

4

June 2021

1,638

$1,250,000

7

1 Brinsworth Avenue

4

July 2021

1,287

$1,250,000

8

9 Jacks Drive

5

August 2021

1,241

$1,225,000

9

60 Jacks Drive

4

September 2021

2,317

$1,200,000

10

40 Preston Avenue

4

June 2021

1,237

$1,140,000

11

70 Rotherham Drive

4

June 2021

1,391

$1,050,000

12

4 Simms Lane

4

June 2021

1,358

$1,020,000

13

47 Rossington Drive

4

June 2021

1,308

$949,000

14

6 Lancashire Lane

4

August 2021

927

$945,000

April 2021 - September 2021

Address

Bedroom

Sales Date

Land size (m2)

Price

15

783 Weedons Ross Road

4

April 2021

3,255

$935,000

16

2/783 Weedons Ross Road

4

September 2021

1,185

$835,000

17

14 Shona Lane

4

April 2021

1,200

$825,000

18

12 Westview Crescent

4

May 2021

1,040

$720,000

19

56 Iris Taylor Avenue

3

August 2021

652

$720,000

20

14 Westview Crescent

3

August 2021

1,040

$689,000

21

8 Barewood Grove (section)

n/a

September 2021

1,717

$625,000

22

3 Joshua Place (section)

n/a

May 2021

5,000

$605,000

23

3/783 Weedons Ross Road (section)

n/a

September 2021

1,110

$500,000

24

1/783 Weedons Ross Road (section)

n/a

September 2021

1,010

$460,000

25

4 Barewood Grove (section)

n/a

June 2021

1,901

$400,000

26

25 Silver Peaks Drive (section)

n/a

June 2021

5,006

$339,500

27

7 Snowlea Place (section)

n/a

June 2021

2,006

$339,000

West Melton House Prices

West Melton House Prices Year

House Sales

Median Price

% Change

Median Days to Sell

2020

67

$837,000

4.5%

41

2019

48

$799,000

-0.1%

41

2018

51

$800,000

0%

49

2017

31

$800,000

0.9%

33

2016

42

$792,500

9.1%

41

2015

45

$720,000

6.4%

36

2014

48

$674,000

-1.6%

35

2013

36

$685,000

1.5%

30

2012

14

$675,000

2.7%

36

2011

8

$657,000

-0.5%

65

2010

7

$660,000

30.8%

75

2009

8

$457,000

-31.3%

40

2008

1

$600,000

-5.0%

n/a

2007

10

$630,000

37.3%

32

2006

8

$395,000

2.5%

20

Off Market Sales

If you would prefer to sell your home off-market, then a private exclusive listing with Najib may be a great option for you. There is a growing trend in this type of listing as some vendors prefer to sell their property without advertising directly to the public.

Instead, your property is showcased to our extensive database of clients wishing to purchase a home similar to yours. This generally results in the saving of both time and money, but still with the best outcome possible for the sale.

Maximise your sale price By specifically matching potential buyers for your property from the Najib database, your property is exclusively marketed, without being publicly advertised. Often this results in a higher selling price as it creates a competitive scenario where buyers rush to secure the property before it goes live on the open market. ­­ If the property does not sell during the Off-Market period, then with the feedback provided, we can more accurately gauge where your property sits in terms of price in the current market. If you are happy with this price, you then have the option to take your listing “Live”, with a realistic price guide for the purchasers, and a realistic expectation for the sellers.

Private and confidential Utilising our Najib database enables us to aim for the ultimate result without public advertising and associated costs.

We always strive for a premium outcome where the seller experiences a no-stress sale, and the buyer secures the house of their choice exclusively.

Nathan Najib Specialising in West Melton m 027 514 0775 @ nathan@najibre.co.nz 116 Peterborough Street Christchurch Central 8013 najibrealestate.co.nz Licensed REAA 2008