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

About Greg Petrin

Real estate has always been a passion for Greg, he enjoys assisting others to achieve their goals whether buying, selling or developing. He loves being involved in and watching the economic factors that come to play and effect the markets to try and predict the growth areas.
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