Archive for January, 2012

More Market Action!

The volume of house sales increased 62% from November to December in Feilding. This was good news for a month that is cut short with Christmas. The December volume is still below a long term monthly average though. Our median sales price calculated over 3 months sits at $229,000 which is unchanged since November. This compares to Palmerston North at $270,000, Levin at $190,000, Pahiatua at $137,000 and Wanganui at $164,000.

Feilding certainly benefits from being part of the Palmerston North/Manawatu market compared to Levin, Wanganui and Pahiatua. Feilding has also become a lot more attractive as a place to live as a result of prudent investment by Council and initiatives from Feilding Promotion and others. This work has helped house prices, and will likely improve them further as more investment takes place, and the market improves.

There were more house sales in Feilding in 2011 than 2010 which was the worst year in recent memory, and slightly more than in 2008 which was when the market crashed. The volume was the same as in 2000, and 77% of the average over the last 13 years.

Regards, Michael

Character Homes Popular

As time goes by, and technology takes over so much of our lives, more and more people are enjoying the contrast of living in a character home from a bygone era. We experience increasing demand for Victorian and Edwardian Villas, Early Bungalows and Art Deco style houses. There are other character homes from different eras, but most fall into the above categories.

I live in an 1890 Victorian Villa, and enjoy the natural homeliness that exudes. I often find myself wondering what it was like for the occupants when it was new. Today’s buyers generally want new kitchen, bathroom and laundry facilities, and outdoor living courts, decks, patios or verandahs.

Discerning buyers appreciate the craftsmanship that existed when people had more time. Native timbers, stained glass, lead lights, ornate plaster work, latticework, fretwork, finials, tiling, brick pillars, fire surrounds etc all add real artistry and interest.

Good examples increase in value or hold their value well compared to modern homes. It is all about personal taste, but be aware of ongoing maintenance.

I specialise in marketing and selling character homes because of the affinity that I have with them.

Kind Regards, Michael