Archive for April, 2012

Pt Chevalier median house price soars!

We track all homes that are sold in the Pt Chev area and have just taken a look at the first quarter of 2012 compared with what everyone thought was the peak year of 2007:

$748,000 2012 first quarter

$608,500 2007 first quarter

An increase of $139,500 or 23% proving that 2007 was not the peak.

What is even more interesting is comparing the first quarter of 2012 with the first quarter of 2009 when we were well and truly in the midst of the global financial crisis:

$748,000 2012 first quarter

$562,500 2009 first quarter

An increase from the depths of the recession of $185,500 or 33% higher

During the worst of the recession there were many analysts and economists predicting price falls of 30% or more, however if your were brave enough to have purchased a Pt Chevalier property during 2009 you would now be sitting on a huge gain in value!

 

 

April 14 2012 | Uncategorized | No Comments »

Open Homes – are they dodgy?

An interesting item in today’s NZ Herald posed the question “are open homes dodgy?” and the full article can be viewed here.

It states amongst other things:

Over crowded open homes can make a house seem small.
They are an invitation to thieves who will return later.
Over heard negative comments could put potential purchasers off.
Open homes are just a networking tool for agents.
Open homes are frequented by sticky beak neighbours.
You need more ID to rent a video than to inspect a family home.

The fact is that all the above statements are true.

Another great item about the dangers of open homes can be read here.

Instead of restricting an inspection time to an hour once or twice a week, a home should be available to inspect at any time to suit a genuine buyer. This is what the best agents do.

What are your thoughts on Open Homes?

April 05 2012 | Uncategorized | 3 Comments »