Two more happy campers! Congratulations to the owners and sellers of 44H Charlemont Street and 17 Cairns Cres – both unconditional today. A great end to a busy week, and a great start to a busy weekend.
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Happy Birthday to the Queen!…..and before you know it we will be celebrating our first birthday at Ray White Mill Street.
The way that the days are passing by it will be here before we know it. We are well over the 6 month market. It has been such an amazing journey….and it just keeps getting better. Our business has already grown with the opening of our property management division – Hamilton city rentals and our team is expanding both in numbers of staff and numbers of years of combined experience and successes that we can offer. Recent additions to our Mill Street team were Mark Keesom and his personal assistant Rachel Yorke, Peter Johnson from Ray White corporate office, and Corinna Mansell, also from Ray White corporate office, who is our new general manager. Corinna has extensive knowledge and experience from previously owing her own real estate business prior to working in the corporate arena. Thank you to all of you that have supported us to date……..we look forward to continuing to amaze you!
OMG! That was my initial reaction – another social networking site – just when I had thought I have finally got the hang of facebook.
It still amazes me how far technology has come and how it is forever evolving, and is now a normal part of everyday life – texting, skyping, talking on facebook, downloading on U Tube………..talk about multi tasking!
As with everything however, I am sure there is an upside and a downside to it all. I know many parents that struggle daily to try to stay in control and guide their kids with this new found freedom. However, on the flip side of this the amount of information that is at their finger tips…….is fantastic………..isn’t it??? And there is no excuse not to have access to it 24/7 especially with the new mobile phones that are out.
Interesting times – I look forward to the growth of Google +………….I think?
An interesting topic and a question that I am getting asked more often by buyers – what is the C.V on this property? In many cases no matter what the asking price is – this seems to be a guide line for some buyers. Good or bad?? That could not doubt be debated all day – depending if you are a buyer or a seller – however it is true that the C.V does have a lot more influence than it did a few years ago.
Recent statistics released by REINZ showed the following median sales compared to CV’s for Hamilton city as below:
Dec-10 Jan-11 Feb-11 Mar-11 Apr-11
326750 329000 317000 312000 339500 Sale price
320000 315000 307500 305000 325000 C.V
Hamilton city sales figures showed a decrease in sales for the month of April compared to March. 180 homes sold, 6 sections and there are approximately 1192 for sale in Hamilton City for the same time frame.This decrease is expected at this time of the year however I believe still high lights that sellers need to be in the market to sell as before we know it we will be at the shortest day and then counting down to the spring influx!
Time has flown by since my last blog. Christchurch seems to be pulling together as a city which is fantastic. I take my hat off to everyone involved. I am sure that emotionally things are still a challenge for many down there.
Recent figures released show that whilst real estate was and is not a priority in the city, it is evident that many are determined to rebuild. There were 340 written sales in March with 228 settled sales. Read more from the Harcourts market watch
Locally, Hamilton enjoyed 215 house/apartment sales with 17 sections compared to 162 in February and 12 sections. There have been positive signs that the market is definitely evolving with sales volumes rising 5.4% nationally for March compared to February. (figures and statements from Real estate institute and New Zealand Herald).
At the moment we have all of the ingredients and signs of a growing market—low interest rates, an influx of first home buyers, investors returning to the market and home traders active again. I personally have noticed a busy last couple of weeks, and I am sure that this is reflective of a change in the market.
Socially Hamilton has enjoyed some fantastic events over the last few weeks. The Hamilton V8 car racing – which was of course celebrated even more with a Kiwi winning! Our schools also done extremely well in the Maadi cup regatta held at Lake Karapiro with some of the results as listed below:
Waikato Diocesan School— among winning a number of gold medals were the winner of the Star trophy—congratulations.
St Johns School—a novice team of 15year olds won Gold for the U18 4+ (N) – exceptional!
Hamilton Boys High School—gold in the U15 4x+ and in the U15 8+
St Peters School– won the presidents skull trophy.
And of course how could you miss the Balloons over Waikato. You can still see the odd one around at the moment, making most of the fine weather.
All in all an great, busy and enjoyable time.
Firstly, once again my thoughts go out to anyone who has been affected by the terrible tragedy in Japan. It is quite scary the number of natural disasters that are happening around the world and the extent of them. It seems we all get over the shock of one disaster and hear of another. I am sure that for people affected by the Christchurch earthquake – things will not be back to normal for a long time yet.
Its hard to believe that we are nearly ¼ of the way through 2011! Times are busy!
It is great to have some positive news with the recent drop in the OCR rate to 2.50%. I have noticed a significant increase in buyer enquiry and I am sure that this, along with the competitive mortgage we can look forward to some busy times ahead. February sale figures released showed an increase in sales from 88 in January to 162 in February with the median sale price still selling above CV, as graph below shows.
There has also been a lot happening in Hamilton city this month, which in troubled times for some, I think is great to have events to look forward to or just to be surrounded by activity such as upcoming events like Balloons over Waikato, Earth hour and the great pumpkin carnival!
On browsing the Hamilton city council web site recently I was impressed not only to see the number of activities that are in store for Hamilton this year, but to also learn that almost half of New Zealand’s population (just under two million people) live within 160 km of Hamilton.
Its fantastic that we have so many events & shows to look forward to.
Recent figures out for sales in Hamilton however, showed a decrease in January sales for compared to the same time last year, with 88 dwellings selling and 7 sections with the median sale price increasing from November and is up on January 2010. The drop in sales is partially due to the lack of new homes coming to the market for that period.
All in all though, the general feel in the market remains positive……. and as for the heat!! Unbelieveable.
Hundred-year-old records are tumbling as unrelenting heat sets New Zealand on course for its hottest February ever. “
(snippet from NZ Herald 15 February 2011)
What terrible news to hear about another earth quake in Christchurch. My thoughts go out to every one affected,- it is a terrible tragedy for a city that was only just recovering from last year’s earthquake. I can only imagine some of the pain and loss that many have and will be experiencing now and in the immediate future.
Amazing the first month of the year has flown by. Its been a busy few weeks with a lot of people returning to work and school starting back this week and next week. I’m not too sure what is happening with our ‘Summer’ weather however. There is definitely a bit of a nip in the air first thing in the mornings – however compared to what Cairns & Townville are preparing themselves for – it is nothing to complain about. I hope that Cyclone Yasi proves to be a lot less disastrous then anticipated.
On the home front, Hamilton City is a great place to live. Centrally located – so hopefully a little bit more protected from some of Mother Natures recent weather activities, Hamilton is holding its own as far as number of house sales for December, where as Nationally for December sales were down. Hamilton city sales increased from 163 in November to 176 in December. A small but still a definite increase. Activity and buyer enquiry remains steady – with the Internet been a strong tool for both sellers & buyers.
As anticipated I see that the OCR remains unchanged at 3.0% with expectation that interest rates will increase modestly over the next two years. From a buyers prospective it is great to have an indication of this so that they can plan how to set up their mortgages and talk to their lending institutions of the best way to accommodate for this. From a sellers prospective, I believe that it helps restore some confidence to them that the market will remain steady and continue to improve in the coming months.
Finally, Harcourts Hamilton were honored recently in recognition of 20years membership with the Harcourts group. A great achievement in what can be a very changeable and challenging industry!
Welcome to 2011! …… Happy New year.
I love this time of year – people buzzing about at beaches, enjoying the sun, surf and holiday atmosphere . Whilst I have enjoyed some down time, kayaking the Waganui river, enjoying great sunshine, the peace & quiet of no cell phone ringing, I was pleasantly surprised to the number of enquiries recieved over the Christmas break, and of those how many converted in to sales.
A great positive start to the New Year for both sellers and buyers. There are some great homes for sale in Hamilton, including ideal homes to start or add to your rental portfolio.
I am sure that as tradition has it, many people have started the New Year with a list on New Year resolutions. ?? The top ten resolutions as researched by goalsguy.com are
Loose weight & get fit
Stick to a budget
Enjoy more qualilty time with family & friends
Find a Soul Mate
Find a better job
Learn something New
Volunteer and help others
Interesting that selling or buying has not come in the top ten resolutions, yet so many of us do it every year without giving it a second thought