Licensed under the REAA 2008
We are experiencing a positive lift in market confidence and buyer participation.
In the last 2 months I have had very high numbers at open homes with 70 - 90 coming through 3 week campaigns. As well as higher numbers attending auctions - 5-9 showing up ready to bid.
There is increased participation in the auction room; at my last auction there were 88 bids for the property. Average clearance rates have shot-up from around 40% to around 78%. With some auction days delivering 100% clearance.
There is also a marked increase in the number of Pre-Auction Offers - 30% of the sales in October were Auctions that were brought forward.
In the last few weeks I have sold two properties after one viewing. One had been on the market 3 times in the last 2 years, I was the fourth agent and an offer was accepted just hours after the first open home.
“October saw the Auckland region experience the highest median house price in 19 months at $868,000 and the Auckland City region saw the highest median price in 28 months with a 4.6% annual increase to $1,001,000." Bindi Norwell - REINZ CEO
Altogether this is culminating in higher than expected prices and very happy Sellers.
For more information that is specific to your property please call me for an obligation free chat. Kim 0210 822 1922 / 09 520 8876
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