Statistics for Selected Major Cities September 2016 Compared with 2015
The panic which set in with the RBNZ and government after being hounded by the media to slow the real estate market has now set in.
Around the country we are seeing sales volumes drop dramatically – value rises are slowing and all in all the panic is over. That’s if you agree there ever was a panic in house sales and values recovering after the great Gone.
The Government thought market forces would over time stabalize the market place – yes they were driven by the media who got themselves into an absolute frenzy in early to mid year and as such told the RBNZ to get on with it.
Interesting to observe that the only Region still going bang busters is the Wellington region – time to walk the talk Polies!
Sales Statistics for Selected Major Cities August 2015 Compared with 2016
Auckland, Tauranga and Hamilton House Sale down in June 2016
Has the wave moved beyond the Golden Triangle into the lower north and south islands. Well simple put yes!!!
So in AK, Tauranga & the Tron sale numbers are down. Just a touch in AK but significantly in Hamilton and Tauranga. This against a back drop of increased listings in Hamilton at least.
So maybe the efforts to get more stock into the market place is starting to have an effect. Which ever way you look at it, it seems that the market has peaked and rash policy from the reserve bank and or government is not needed
Tuakau Housing Statistics April 2016
Steady as she goes in 2016 in Tuakau with sales averaging around 10 per month. If you are thinking of selling in Tuakau please use a local agency – that being an agency contributing to the town with an office and personnel. These agencies and the sales staff who work in them are putting there money and energy into the local community – so please support local.
Stunning Median House Value Increase of 31% April 2016
So lets not talk of sales numbers so much as they continue to be strong in the Tron – but more about the value growth behind those sales. As the tables below shows based on the median Hamilton values have increased $107,000 in the last 12 months.
This value increase is a reflection of demand and the fact that Hamilton is in catch up mode. This following the 9 years of stagnant growth during the GFC.
It is also a reflection of the value in the existing or second hand house market. When you are paying $350K for the cheapest section in town then building a new home say 220 m2 at the rate of $2000 per square metres then your package quickly adds up to $800,000. This make quality older homes in leafier inner city suburbs look real value.
Don’t expect this to change any time soon with expressways to the north opening up in Rangiriri, under way in Huntly/Taupiri not to mention Horsham downs to Tamahere.
Exciting times for the Tron – City of the future
The Hamilton and Waikato Markets have been in catch up mode since Auckland discovered the value to be had in this market place. This began post the election in September 2014 when sales in Hamilton City where around 200 per month and culminated in sales in September 2015 of 457. Since then the market has eased – this can been seen by going to the tab ‘Hamilton Market’ in this blog. This easing had left the city in a very strong and sustainable real estate market place of 300 – 370 sales per month.
LJHooker George Boyes has a offices and teams in Hamilton, Kawhai, Raglan, Ngaruawahia, Huntly, Pokeno and Tuakua and are the regions most diverse agency. The company’s 50 sales professionals sell all forms of property (Rural, Lifestyle, residential, Commercial and businesses) and together with an award winning Property Management Team are leaders in many market places.
For market leading information and statistics please go the area tabs in this blog for details………………..
Hamilton Residential Sales Statistics Comparisons for August 2015
Hamilton – Value has been discovered
Some sales people and agents are talking the Hamilton Market up and even talking of a boom.
The best August on record for real estate sales was August 2005 at 424 sales and yes with this months result of 407 sales you might at a casual view think we are almost back to that level and as such must be booming. But what has they forgotten? – just 10 years – during which time an average of 800 consent were issued per annum. So that tells us Hamilton is 8000 home richer than 2005.
At present Hamilton has around 55,000 homes of various types. So while 407 is a good result it is nothing like the 424 sales of 2005 – to equal that record we would need to get to 500 sales per month.
We need no better illustration of the life in the Hamilton House sale market than we see in the graph directly below. Two hundred more house sales in July 2015 over 2014. Yes Hamilton had a very quiet market last year waiting for the election to come and go and Auckland and NZ to discover the value in the TRON. Well wait no more – 401 sales is the best result on record.
L J Hooker Hamilton has a sales team of 16 staff all experts in there different areas of the city. We are achieving stunning results for vendors. Our Hamilton office supports the property sales with New Zealand’s Top Property Management Team – winner of L J Hooker Harveys Property Manager of the Year (Natasha Metcalfe-Black).
So if you are thinking of selling ring our award winning Team Now
Housing Statistics for Pokeno July 2015
Pokeno is booming but house sales are low – driving on the Waikato Express Way passed Pokeno and you see hundreds of new home. In fact by the end of the year it is expected that at least 490 new home will have been completed in Pokeno.
As is the fashion these days we find the developer selling sections direct to Group Home spec builders who construct the home and sell direct to the first home buyer. Two years ago when development started in Pokeno houses were selling for $450,000 now this figure is $600,000.
New residents in Pokeno enjoy the village style living and are commonly enjoying there residence. We are seeing 3 -4 sales per month in the town on average. This is not high!
L J Hooker Pokeno are pleased to announce that an additional office is set to open in Tuakau this month – this to support the efforts of our fabulous staff. So if you are looking to sell please support your local L J Hooker office – we employ local people, we spend locally and put back into the community.