Christchurch Metro MarketWatch – September 2014

MarketWatch

 

Christchurch Metro Aug 2014
Aug 2013 Change
Total listings 434 585 -25.8%
New Auctions 145 173 -16.2%
Property on Hand 1876 1411 33%
Written Sales 330 427 -22.7%
Average Sale Price $488,734 $428,005 14%

*Based on residential only figures

ChchChristchurch Metro Overview for September 2014:

Sales are down by 22.7% indicating a hesitancy that has been creeping into the market. Buyers are displaying caution when it comes to making a purchase, and are not prepared to pay more than what they think is fair market value. This is requiring vendors to readjust their price expectations if they wish to sell.

There has been a drop in the number of new listings and auctions in the Christchurch Metro region, which is due to the expected winter dip and also a “wait and see” approach until after the election. Sellers are also holding on to property as there is no certainty they will be able to buy an appropriate house elsewhere.

Average prices are still up on the same time last year, however there has been a drop since June’s all time average price high of $529,092.


Disclaimer: All Harcourts MarketWatch figures are current to the end of the reported month and are compared to the same month ended for the previous year. ‘Written Sales’ is defined by all sales brought to contract status, where ‘Settled Sales’ are the results of contracts completed at the close of the reported month. Written Sales are a snapshot of the markets temperature while Settled Sales show what has happened in the previous month.

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About Peter Griffioen

Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

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