Griff’s New Year update

Griff NY UpdateRefreshed and sun-tanned
Long summer days, sun-kissed skin, BBQs and falling petrol prices – the perfect ingredients for a classic Kiwi holiday! Most of us (apart from the farmers) have relished these great summer conditions – some saying “this brings back memories of how summer used to be…”

Market vibe
Returning to five new listings, another two prior to the weekend plus the phone ringing and emails pinging means business as usual – the real estate market poised for more of the same. Both potential sellers and prospective purchasers are already actively seeking real estate resolve with typical new fervour.

Griff’s predictions
Following strong capital growth throughout 2015 combined with the Canterbury regions rebuild phase forging ahead it is my professional opinion that the local economy will remain in good heart for some time yet. On the real estate front it is likely that the demand will remain strong, however it is evident that we are seeing more competition, especially so with spec homes in newly establishing subdivisions.

This naturally has a flow on effect throughout the greater market place, while this is likely to bring some tempering on increasing market value, capital growth rates are most likely set to remain on the positive side of the ledger. For those selling, this will mean greater emphasis is needed on quality marketing, effective pricing and attention to detail with regard to presentation. All in all, I believe we can look forward to another active year of real estate trading and steady growth.

Capital growth rates and days to sell
The latest stats for from the real estate institute highlights that capital growth in Christchurch has remained flat over the last two months of 2014 with the median sale price remaining unchanged at $420,000. This equates to an annual capital growth rate for 2014 of 9.16% (REINZ verified). The list to sell period for Christchurch has remained pretty steady throughout 2014, tracking between an average 25 to 30 day period with December’s figures showing 29 days to sell.

Catch the momentum
This new year market provides opportunity for both buyer and seller alike – new and refreshed buyers entering the market place plus fresh stock being launched daily. Today is always the best day to transact real estate! Remember Griff.net.nz for all things real estate.

Take care and talk soon on the street…

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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.

2 thoughts on “Griff’s New Year update

  1. Amy

    Nice to hear things may be turning but in the lower price ranges I am still seeing houses go way above RVs. I am reluctant to so that as been there done it in last property boom and got bitten! Also I am hearing of shotty quake repair work coming back to haunt people. Particular those with older homes and old concrete foundations that have been ‘cosmetically’ repaired when they should have had a full haul over. Watch Campbell Live next week as the there are many homes that have been ‘fletchered’ and it means there property is probably work $60k less with shotty foundation repairs. Will we see in a couple of years houses that have had worked ‘signed off’ having all sorts of problems? Values plummeting? It’s something to think about when considering paying over and beyond an RV. People need to be careful.

  2. Peter Griffioen Post author

    Thanks for your comments, Amy. Yes, I agree that people do need to be careful. Just because repairs have gone through the EQR process doesn’t necessarily mean that everything is up to scratch. That’s why it’s important to have any residual benefits from a settled EQC claim assigned to you as the purchaser, even if repairs have long been completed.

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