July 17 – Market Report

Snap shot of what has been happening in the marketplace over the past month.
The median price across the region rose $40,900 compared to July 2016. Prices rose 23% in Waikato District and 19% in Waipa District. Compared to June the median price increased $24,000.

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Sales volumes compared to June 2017 fell 15%, with sales falling 38% in Waipa District and 28% in South Waikato. Compared to July 2016, sales across the region fell 32% (the largest annual drop of all the regions).
The number of days to sell eased by three days compared to June, from 36 days in June to 39 days in July. The number of days to sell eased by 10 days compared to July 2016. Over the past 10 years the average number of days to sell during July for Waikato has been 50 days.
“The supply of houses for sale in Hamilton is reasonably tight with at least 25% of listings to be built for house and land developments. Confidence in the region remains high and we’re still seeing a large number of out of town buyers, however, the number of investors has declined due to a tightening of bank lending.” Philip Searle, REINZ Regional Director.

Obviously the statistics contained within this article represent only a small fraction of the data we have at my fingertips. For more information relevant to your street or your property, email or call and ask for one of our team.July17

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June Property Statistics

Snap shot of what has been happening in the market place over the past month.

The median price across the region rose $35,000 compared to June 2016. Prices rose 23% in Waikato District. Compared to May 2017 the median price fell $18,000.

Sales volumes compared to May fell 16%, with sales rising 43% in Matamata-Piako and 27% in South Waikato, but falling across the rest of the region. Compared to June 2016 sales across the region fell 21%.

The number of days to sell improved by five days compared to May 2017, from 41 days in May to 36 days in June. The number of days to sell eased by five days compared to June 2016. Over the past 10 years the average number of days to sell during June for Waikato has been 51 days.

“First home buyers are more active in the Hamilton market, despite more restrictive lending requirements, although the number of investors has declined due to yield concerns. More broadly there are fewer first home buyers active with ex-Auckland buyers more active, particularly around holiday centres, although these buyers appear to be looking for permanent residences rather than holiday homes.” REINZ Regional Director, Philip Searle.

Obviously the statistics contained within this article represent only a small fraction of the data I have at my fingertips. For more information relevant to your street or your property, email me at greg.petrin@eves.co.nz.

Jun17

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Hamilton March Stats

StatsApril

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Hamilton Property March Update

Snap shot of what has been happening in the marketplace over the past month.020_Open2view_ID392494-Wishbone_Ct_16
Sales volumes for the Waikato/Bay of Plenty Region compared to January 2017 rose 52%, with sales rising 83% in Hamilton. Compared to February 2016 sales across the region fell 24% with sales falling 14% in Hamilton.
The median price across the region rose $57,500 compared to February 2016. Compared to January the median price fell $2,000, with prices rising 1% in Hamilton.
The number of days to sell improved by one day compared to January, from 44 days in January to 43 days in February. The number of days to sell eased by seven days compared to February 2016. Over the past 10 years the average number of days to sell during February for Waikato/Bay of Plenty has been 61 days.
REINZ Regional Director, Philip Searle noted that, “Interest from Auckland is picking up once again in Hamilton and Tauranga both from investors and from families relocating. Vendor expectations in these areas are starting to soften indicating that the rapid run up in prices over the past 18 months may be coming to an end.”
Obviously the statistics contained within this flyer represent only a small fraction of the data I have at my fingertips. For more information relevant to your street or your property, email me at greg.petrin@eves.co.nz.

Feb17

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Hamilton February Monthly Update

This month’s snap shot of what has been happening in the market place over the past month.

Sales volumes across the Waikato/Bay of Plenty region compared to December 2016 fell 25%. Compared to January 2016 sales across the region fell 34%.

The median price across the region rose $82,000 compared to January 2016. Prices rose 28% in Hamilton. Compared to December the median price rose $2,000.

The number of days to sell eased by 12 days compared to December, from 32 days in December to 44 days in January. The number of days to sell eased by four days compared to January 2016. Over the past 10 years the average number of days to sell during January for Waikato/Bay of Plenty has been 58 days.

REINZ Regional Director, Philip Searle noted that, “The tone across the market is mixed with more confidence from buyers in the Waikato, while in the Bay Of Plenty there is less activity, especially from investors. Inventory levels have started to increase after a long period of decline giving buyers more choice across the market.”

Obviously the statistics contained within this email represent only a small fraction of the data we have at our fingertips. For more information relevant to your street or your property, email greg.petrin@eves.co.nz


Jan 17

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Why Hamilton?

Check out this great comparison on TV the other night about Hamilton.

Good to see Aaron Paterson getting to show off one of his houses that was for sale as well.

No wonder why so many Aucklanders are moving down, see what you think. Click on link below to view the video story.

TV3 – Story – Hamilton vs Auckland.

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Hamilton Monthly Update

Here is your snap shot of what has been happening in the market place over the past month.

Sales volumes throughout the Waikato/Bay of Plenty region compared to September 2016 fell 9%. Compared to October 2015 sales across the region fell 25%.

The median price across the region rose $80,750 (+21%) compared to October 2015 to reach a new record high. Compared to September the median price rose $2,250 (+1%).

The number of days to sell eased by two days compared to September, from 31 days in September to 33 days in October. The number of days to sell eased by one day compared to October 2015. Over the past 10 years the average number of days to sell during October for Waikato/Bay of Plenty has been 45 days.

REINZ Regional Director, Philip Searle noted that “There are certainly lower numbers of investors in the market and something of a decline in first home buyer numbers also as the market adjusts to the new LVR rules and tighter lending conditions from banks. Inventory levels remain low across the region with a significant decline in the number of properties for sale over the past 12 months.*

Obviously the statistics contained within this email represent only a small fraction of the data I have at my fingertips. For more information relevant to your street or your property, email me at greg.petrin@eves.co.nz.

Local market facts

nov16

*Statistical Information Derived From The Real Estate Institute Of New Zealand. Realty Services Ltd/Success Realty Ltd and any contractor/employee is merely passing over the information. We cannot guarantee its accuracy and reliability as we have not checked, audited or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into the same. To the maximum extent permitted by law Realty Services Ltd/Success Realty Ltd and its contractors/employees do not accept any responsibility to any person for the accuracy of the information herein.
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Hamilton Monthly Update

Snap shot of what has been happening in the marketplace over the past month.c1ddaa2f21965231502e5a5b546e20a4
The median price across the region rose $68,500 (+18%) compared to September 2015 to reach a new record high.

Prices rose 20% in Hamilton. Compared to August 2016 the median price rose $23,500 (+5%).

The number of days to sell eased by one day compared to August, from 30 days in August to 31 days in September.

The number of days to sell improved by one day compared to September 2015. Over the past 10 years the average number of days to sell during September for Waikato/Bay of Plenty has been 46 days.

REINZ Regional Director, Philip Searle noted that “Investor activity has continued to decline since the announcement of new LVR restrictions, although underlying first home buyer demand remains solid across the region. Sales volumes appear to have peaked, although Hamilton appears to be stronger than Tauranga. Section sales are also
rising, indicating an increasing preference for new builds in the face of the new LVR restrictions.”

Obviously the statistics contained within this flyer represent only a small fraction of the data I have at my fingertips. For more information relevant to your street or your property, email me at greg.petrin@eves.co.nz.

Sept16

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Hamilton Monthly Property Report

Snap shot of what has been happening in the marketplace over the past month.

Sales volumes across the Waikato/ Bay of Plenty Region compared to July rose 4%, with sales rising 6% in Waikato Country. Compared to August 2015 sales across the region fell 7%. On a seasonally adjusted basis sales for August were flat, indicating that the lift in sales was about normal for this time of year.

The median price across the region rose $82,000 (+23%) compared to August 2015. Compared to July the median price fell $15,000 (-3%).

The number of days to sell was steady at 30 days compared to July. The number of days to sell improved by three days compared to August 2015. Over the past 10 years the average number of days to sell during August for the region has been 50 days.

REINZ Regional Director, Philip Searle noted that “Investor activity has continued to decline since the announcement of new LVR restrictions, although underlying first home buyer demand remains solid across the region. The shortage of listings remains acute in some parts of the region, with the limited availability of properties restricting buyer choice.”

Obviously the statistics contained within this blog represent only a small fraction of the data I have at my fingertips. For more information relevant to your street or your property, email me direct at greg.petrin@eves.co.nz.

aug16

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Hamilton Housing Lacks Supply

Interesting article in today’s Waikato Times talking about the lack of supply in Hamilton’s housing market. Hamilton's northeast has experienced enormous growth over the past decade.

On the calculations in the article the city will need a growth in dwellings of over 16% in the next 10 years. Council is trying to think of ways to create more supply but unfortunately no matter what they do it is too late for many. There is enough land in and around Hamilton to be able to do it but not without council spending a lot on infrastructure and even if they gave the go ahead today there would be a long time lag before the infrastructure could be built and put into place.

If you’re a buyer, then the statistics suggest it may be no better time to get into the property market as it could keep increasing. Maybe not as much as we have seen in the last 12 months but with the lack of supply the median house price in Hamilton could reach $600,000 before we know it.

Click here to see full Waikato Times article….

 

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