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 email@example.com.