Contrary to common belief that winter is a quieter time on the real estate calendar, from experience we have found that it is actually a good time to sell. With stock levels low and the more serious purchasers out and about, we find enquiry levels are consistent and often of a better quality. The less astute buyers simply don’t bother venturing out in the inclement weather.
So just what is happening in the north-east of Christchurch? While the median sale price in Parklands has remained consistent at $450,000 since the beginning of the year, this is up 27% over the past five years, whereas city-wide the median sale price has increased by 15% over the same period.
Sales volume in Parklands is trending downwards over the past 18 months – potentially a sign that homeowners in the area wish to hold on to their properties to fully maximise the effect of the new AGHS/SBHS school zones. The median days on market for Parklands is considerably lower than the city-wide figure – 26 compared to 36, showing that properties that are listed for sale are getting snapped up quickly.