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Millwater Property Stats
millwaterpropertystats
Every month Mike Pero Real Estate Silverdale assembles a comprehensive spreadsheet of all the recent sales in the Silverdale area that reviews the full range of residential transactions that have occurred. If you would like to receive this full summary please email the words“full statistics” to grayson.furniss@mikepero.com. This service is free from cost.
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May 2014 April 2015 May 2015 Number of Sales 15 13 18 Median Sales Price $835,000 $938,000 $1,007,500 Highest Sale Price $962,000 $1,450,000 $1,850,000 Lowest Sale Price $720,000 $843,000 $860,000
Average % price to CV 21.29% 10.69% 12.25% Average Floor Area (sqm) 239 Weighted Value Index 980 236 1111 290 1064 We also provide statistical data, free from cost to purchasers and sellers wanting more information to make an informed decision. Phone me today.
Phone Grayson on 09 426 6122 or 021 665 423
Disclaimer: These sales figures have been provided by a third party and although all care is taken to ensure the information is accurate some figures could have been mis-interpreted on compilation. Furthermore these figures are recent sales from all agents in the area.
millwaterpropertytalkwithGrayson
Wow, Millwater has joined the million dollar suburbs group, with the median sales price for May up to $1,007,500 – a 20.65% increase over May 14. This is in line with the rest of Auckland, lagging slightly behind the 26% increase over the same time on the North Shore but ahead of the rest of Rodney at 14.5%. As always, these results are based on relatively low turnover and have a high margin of error. In particular, the mix of house sales has a large impact on these medians, with a disproportional number of larger house sales in May pushing the median and average up and causing a slight fall in the Weighted Value Index. It will be interesting to see what happens with these measures over the next couple of months. There is a great deal of volatility in pricing in the current market. While we see continued general price increases and steady upward movement in the average sales price to CV, this hides an underlying unpredictability. In May alone, the results ranged from 40% over CV to 5% under; a 45% range that, if applied to the average CV (of properties sold) of $968,667, would suggest a selling range of $920,000 to $1,356,000. This demonstrates the fallibility of using CV as a tool to approximate market value. If you want to understand where your property sits in the market, request an appraisal from a local licensed real estate agent. An ongoing shortage of completed property in the Millwater market is continuing to put pressure on prices, with some buyers being prepared to pay a significant premium to secure a particular property. Conversely, we are also seeing many buyers who are struggling to justify Millwater prices and are now looking elsewhere. It would appear that, while there is still a strong contingent of North Shore residents who are seeing Millwater as a desirable destination, the concern is that the median price in Millwater is now higher than that on the North Shore ($946,000). Continued price increases in Millwater will be at least partly reliant on a healthy North Shore market, with some commentary coming through that there has been a slight slowdown of buyer activity in that area. The recent reduction in the OCR may put some additional inflationary pressure on prices; however, much of that reduction had already been included in retail fixed rates – so it is doubtful what impact it will have in the short term. As always, if you want to discuss what any of this means for you and your properties please call us for a chat or obligation- and cost-free appraisal. I will even bring the biscuits!
Grayson
Mike Pero Real Esate, Licensed REAA (2008)
Plus • A Free Tv Ad • Lower Fees • Proven Top Quality Results
Give us a call now on (09) 426 6122 and find out more about the benefits of listing with Mike Pero Real Estate. Experience the difference.
Mike Pero Real Estate Ltd Licensed REAA (2008)
Does your home tick the boxes?
R R R R R
single level double storey with a view appealing outlook room to park a boat or caravan safe spaces for kids to play
We have buyers looking for homes like yours! Call us today if you’re thinking of selling!
021 665 423 • 09 426 6155
Mike Pero Real Estate Licensed REAA 2008
Grayson & Sarah Furniss
SOLD
09 426 6122 • 021 665 423 grayson.furniss@mikepero.com sarah.furniss@mikepero.com
Grayson & Sarah Furniss
Mike Pero Real Estate Ltd Licensed REAA (2008)
7D Mariner Dr, Gulf Harbour
From our vendors...
After successfully selling our house 2 years ago with a more than desirable outcome it only made sense to get Grayson back on the job this time.
Joined in business this time round with his lovely wife Sarah, we are happy to say yet again we received professional outstanding service with another more than desirable outcome.
We found both Grayson and Sarah to be fantastic to deal with. They were always professional, reliable and kept us well informed throughout the entire process.
We certainly have no hesitation in recommending Grayson and Sarah to anyone wanting to list their home.
We would personally like to thank the two of you for your hard work and the passion you have for what you do. We are going to be hard pressed to find a real estate agent in Australia that has all the qualities you two have! We wish you all the best with your new office and if you are ever in the Gold Coast track us down!
Rob & Annette Lardner
www.mikepero.com
09 426 6122
SINGLE LEVEL BRICK BEAUTY
4
6 Bartlett Drive, Millwater
Without a stair in sight this GJ Gardner home is well designed with sun and warmth in mind. • Three double bedrooms plus one single bedroom / office • Generous open plan living area with fantastic flow to outdoor entertaining and level yard • Stylish kitchen with gas cooktop, breakfast bar and corner pantry • Separate additional lounge • Double internal access garage • Low maintenance brick construction with double glazing • House 203m2, Land 537m2
www.mikepero.com/RX376325 2
2
By Negotiation over $885,000
Grayson Furniss Sarah Furniss
021 665 423 09 426 6122 grayson.furniss@mikepero.com 027 444 0044 09 426 6155 sarah.furniss@mikepero.com
