A warm welcome to you all for 2020 and what a start we have seen. With the market picking up many of our team were “on deck” over the holiday break and boy did that pay dividends for our vendors. We managed a staggering 23 signed agreements between December 22nd to January 12th, more than double our previous record for the holiday period. There really were no holidays as buyers were extremely active and available property limited seeing many properties the subject of multi offers and back up agreements. November and December saw a return to heightened selling activity after a weak 4 month period from July to October. Auction clearance rates surged with Ray White Austar´s clearance rates touching 80% under the hammer (92% including after auction sales) for the first time in over 4 years. Prices have firmed after several years of decline and the second longest period of falling Auckland values experienced. What is plainly evident is that the market is certainly proving to be a good one for selling on. So for those owners that have been holding back waiting for change here it is. There is no guarantee that these conditions will remain. In fact any prolonged period of rise could lead to the imposition of new dampening measures to stall property growth. The moral of the story is we have great selling and buying conditions now so this could be your moment.
A quick synopsis of the market for 2020 shows some interesting details. Buyers are still very evident with auction selling rates increasing, multiple offers on normal listings commonplace and many buyers prepared to put in back-up offers on properties already under contract. Interestingly enough sale numbers remain virtually unchanged from … Read more
Amazing to think that the first month of 2020 is drawing to a close. And what a month it has been, open homes with record attendances, multi offers on many listings and pre-auction offers bringing early auctions and properties selling within 24 or 48 hours of coming to the market. … Read more