The number of confirmed sales in Gisborne city for the September quarter was down on the June quarter by 26%. continue reading »
Archive for October, 2009
It has been a busy week for the Walker real estate sales team in Gisborne as several houses that were for sale have now sold. The lifestyle property at 31 Somerton Road sold after two interested buyers placed offers on the property. It sold close to the asking price of $519,000. An investment property 35 Oak Street sold to an investor. The property had two houses for sale on one title and sold for close to the asking price of $315,000. Another house for sale just out of Gisborne City, 212 Valley Road sold for close to the asking price of $415,000. It’s great to see buyers taking advantage of the low interest rates and getting some great homes for good prices.
The early indications are that the third quarter sales for residential property in Gisborne (July through to September) will be down on the previous quarter. I am predicting it will be down by more than 25%. There were definite signs of market recovery during April through to June as more sales were transacted. It looked as though we had turned the corner and confidence was up, but with September looking like posting not much more than 30 sales, the total for the quarter is likely to be 100 – 110 sales in total. Final figures should be available next week. I welcome your comments as to why you think this is the case.