Residential House Sales – Hamilton July 2014

Where have all the buyers gone?

The Real Hamilton Real Estate News….

Next time you hear self interested Real Estate commentators talking the Hamilton Market up – remember that they have 6-8 Real Estate offices full on hungry Salespeople all looking to believe in New Zealand’s great Real Estate boom.

The truth is, it was and is a myth.

Sure, as we now see, the market had a false lift in 2013, but the Reserve Bank quickly turned that recovering market off by increasing interest rates and applying loan to value ratios (LVR) on mortgages

Yes, everybody has a job rebuilding Christchurch and Auckland is buoyed by immigration and returning Kiwi’s   – but in the regions, recession is quickly setting in and any recovery is long gone.

Why do I talk this way?!

July’s result of 201 house sales compared with 252 (2013), 207 (2012) and 204 (2011), this a 4 year low.

How about this for a wake up call – in the early to mid 1990’s, sales were 241 (1992), 246 (1993), 299 (1994), 294 (1995). Now, 20 years later with some 10,000 more homes in the city, we can only manage sale levels less than those of 20 years ago.

Is there a bright side?

Spring is on our doorstep, the elections will be over in time for us to do some business pre-Christmas, unless Kim Dotcom becomes Prime Minister and if that happens we will all have a merry old time.

July 1992-2014 SalesJuly 2014 Rise and Fall of House Sales 2004 - 2013July 2014 House Price Movement 2009 - 2014

July 2014 Sales and days to sell

July 2014 Median Sale Prices Monthly over last 13 Months

July2014 Suburban Break down of Median Sale Prices

July 2014 Major City Sales Summary

This entry was posted in Uncategorized. Bookmark the permalink.

One Response to Residential House Sales – Hamilton July 2014

  1. avatar David says:

    I am searching for this. Thanks for sharing such a valuable information. This blog is very useful for all viewers especially citizen of news land or how are interested to buy a land at hamilton.

Leave a Reply

Your email address will not be published. Required fields are marked *