The good news for property owners is the 2017 property market has started with as much hype and gusto as 2016 finished.
In the Hawkes Bay we continue to have a surplus of buyers and a shortage of properties to market, to satisfy the buyers needs. This is obviously great for vendors as we continue to see record prices being paid (at times). In saying this, buyers are becoming very well researched when it comes to value in various areas and are often digging their toes in and being cautious with their decisions. Managing closing gaps between buyer and vendor expectations can be very tricky, and as vendors you need to have seasoned negotiators on your team.
As the latest (REINZ) graph below demonstrates – Napier Cities Medium house price is now $412,500 up $23,500 from November 16, sales volumes are well down with only 82 properties sold in Napier December 2016 with 115 sales December 2015.
There appears to be some stability with interest rates at present which is assisting buyers in purchasing. As in all markets, we caution people to exercise restraint as a small rise in rates further down the track can create financial problems, so be careful!
We believe Real Estate is all about helping people; whether selling or buying, to create better lifestyles and create financial security. Very satisfying.
For a friendly discussion on how we can help you, or for a property assessment and how TEAM HARPER can maximise the value of your property contact us for an obligation FREE consultation. Put your confidence in TEAM HARPER as our Promise is to always do the right thing.
Team Harper embrace Harcourts’ core values.
- People come first
- Doing the right thing
- Being Courageous
- Fun and laughter
Our job is simply taking the stress out of selling your property, and getting you the best price, not the first price.
Listening to your needs and telling it how it is – no fluff, just facts.