Rolleston Market Update – March 2012.

Hi folks, well it’s that time again. Autumn is in the air but what lovely weather we have been having of late. Let’s hope it continues!

So what’s been happening over the last month in the Rolleston market place I hear you ask.  Signs are still good that the market is on the up with the median sale price for March reaching $435,000.

Number of sales in Rolleston – March 2012

Over the three months to March 2012, there have been 24 sales in the $300,000 – $399,999 which equates to 33% for the same three month period.

However in March there were only 5 properties sold in this price range which may be indicative that prices are certainly on the rise.

Sales by Price Range – March 2012

When we look at the next price bracket, in the three months to March there have been 41 sales in the $400,000 – $499,999 bracket which equates to 55% of the total sales in the same three month period.

In March there were 16 sales in this range and this reinforces my previous point that prices are on the up.

Number of sales over last 12 months – March 2012

You can see by the preceding graph that there were a total of 23 sales in March compared with 25 in February and 26 in January. You could draw from this that stock is becoming hard to come by and this is certainly evident with well priced properties often ending up with multiple people wanting to place offers on the same property.

It is imperative if you are considering selling in such a competitive market, that you do employ a professional to do the job for you. You may think that in such a buoyant market, that it could be really easy to sell it yourself but don’t fall into this trap. There is a lot to be said for employing a professional negotiator to set up the marketing and negotiation to extract the best price from the market place. I won’t give away all my tips on here, but if you call me in to do an appraisal for you, I will show you my negotiating track record and you can be the judge as to whether you feel I could do a great job for you.

Anyway – enough of that and back to the market and the stats. :)

Median sale price over last 12 months – March 2012

When you look at the median sale price and how it has been tracking over the last 12 months, you can see that sale prices are definitely on the rise. There is still high demand for Rolleston property across most price ranges and while demand exceeds supply, we can expect prices to continue to rise.

Well that is it for another month, I hope you find this commentary informative and useful. As always, if you would like a no obligation opinion of the value of your own property, I would be pleased to meet with you and view your property and give you an idea of its current market value. This is of course a no-obligation and free service. So feel free to contact me on my direct dial number which is a free call 2817519 or text me on 0274360837 or e-mail me at sean@kre.co.nz.

Don’t forget to check in next month and if you would like to receive my monthly Rolleston market report via post or e-mail, just text Rolleston stats to 0274360837 with your name, address and e-mail address and I will send you a copy each month free of charge.

 

This entry was posted in Canterbury Real Estate, General, Market Facts, Market Update, Public Opinion, Rolleston Real Estate, The Rolleston Real Estate Market, Uncategorized. Bookmark the permalink.

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