After a challenging year in 2009, thinking that we were out the recession only to find that sales volumes dipped in the third quarter, we finished on a high note.December sales activity in the Gisborne residential property market finished above the anticipated level. While October posted 42 sales and November only 34, December bounced back with 48 reported houses being sold in Gisborne. That pushed the 4th quarter up to a total of 124 sales, better than the 115 of the previous quarter and coming in behind the 2009 2nd quarter of 157 sales. Median house prices for the quarter rose to $261,000. So, it looks like the market is not dropping but is in fact showing a slight increase in values. Next report: year end sales – how does it compare with previos years? Have market values risen?
Archive for January, 2010