Category Archives: The Market

NASAs “Rock Star” ISS Commander Hatfield gives NZ an XMAS present…

Dec 23rd, 2013

Well that’s how it felt to us here down-under in NZ.

Watch this and see for yourself. Take special note of the comments at around 5:40 into this video.

And just to remind you who Chris is ….heres his near on 20m viewed David Bowie Space Oddity cover performed on the International Space Station. Hes also the guy who took over 45,000 photos while he was up there…. on Nikon gear.

Time to turn up the volume!

Ok ok…so you only have dialup and can’t bear to wait for the answer…so here goes;

Interviewer: “I’m just indulging for a moment here…because I know when you’ve been in space…it must be very difficult to decide where to go on holiday …..but I was so thrilled…ah…to read that the place you want to go …MOST ON EARTH is….. ”

Cmmdr Hatfield: “the wine country of the South Island….in the North end (Island?) of NZ. It just looks so beautiful…….”

Commander Hatfield I concur! NZ does that to people.

And why was the interviewer so thrilled?

Well you’ll need to watch the video to find out the answer to that.

Heres what www.newzealand.com reported;

New Zealand, Hadfield said in an interview with BBC World News, represented the last landmass that the astronauts viewed before travelling east over the Pacific Ocean. “It’s so beautiful … after you’ve crossed New Zealand you have the long passage across the Pacific so it’s your real last sight of land for what’s going to be – gosh, it takes almost a half an hour to cross the Pacific – so looking at New Zealand, it’s just beautiful,” Hadfield told presenter Lucy Hockings

So just another reason to visit Middle Earth?

 

November 2013 Nelson Property Home Sales Report

Dec 12th, 2013

Pricing in general still appears to be on an upward slope.

2013 chart of past 5 yrs sales

And for the region comment, over to the REINZ local representative…

The median price across the region rose by $34,050 (+10.5%) compared to November 2012 with prices rising by 10% or more in Nelson and Richmond. Compared to October the median price fell by $5,950 (-1.6%) with prices falling in Motueka and Marlborough/Kaikoura, but risingin Richmond and Nelson City.
Sales volume compared to October fell 6.4% with a more than 30% fall in Nelson. Compared to November 2012 sales volumes fell almost18%, with sales falling 18% in Nelson and by almost 30% in Marlborough/Kaikoura. Only Richmond saw an increase in sales compared toNovember 2012.
The number of days to sell eased by six days compared to October, from 28 days in October to 34 days in November. Compared to November2012 the number of days to sell improved by two days. Over the past 10 years the average number of days to sell in November across theregion has been 39 days.

Nelson cities November 2013 chart followes…

Nov 13 chart

Worlds Biggest “FOR SALE” sign, in Nelson?

Sept 26th 2013

Well, you tell me….

P1000045

…..compared to a normal For Sale sign… (can you see it yet? Hint; centre of photo) …

P1000046

…this one does certainly look “kind of big.”

Atmore

Feeling assured the instigator wanted to appear “higher up”, thought I better go ahead and do the double check, Google Earth, but the only photo there…….

cityheights

….other than the normal aerial perspective above….

view from Atmore

…is a fantastic panorama shot by a chap by the name of David Leggott. 🙂

If its not sold soon. then perhaps it may show up in the next Google Earth update?

UPDATE 6:33pm – just spoke to the owner on the phone, definitely very interested in a sale….if you’re interested give me, David Leggott that is, a call/txt/email.

August 2013 Nelson Property Home Sales Report

Sept 16th 2013

The Real Estate Institute of New Zealand has just released the Sold figures for the month that was August 2013.

Highlights of the month reported were;

  • 6,548 houses sold in August 2013, up 8.5% on August 2012
  • New median high price in Nelson/Marlborough; Canterbury/Westland back at its median high
  • National Stratified House Price Index has reached a new record high; Auckland House Price Index also hit new high and is up 17.9% over August 2012
  • 1,416 houses sold by auction, representing 21.6% of all sales in August.
  • Market continues to experience significant shortages of listings

REINZ report that Nelson regions data shows;

The median price across the region rose by $36,500 (+11.1%) compared to August 2012 to reach a new all time high. Prices rose more than 20% in Nelson, although eased elsewhere across the region. Compared to July the median price increased by $21,500 (+6.2%) with prices rising in Nelson and Richmond but easing elsewhere.
Sales volume compared to August 2012 was 1% higher with a 50% increase in Richmond, but a 40% fall in Motueka. Compared to July sales volumes fell 5.1% with falls in Nelson City, Motueka and Marlborough/Kaikoura.
The number of days to sell improved by one day compared to July, from 42 days in July to 41 days in August. Compared to August 2012 the number of days to sell improved by five days. Over the past 10 years the average number of days to sell in August across the region has been 44 days.
REINZ Chief Executive, Helen O’Sullivan also noted that “the market remains active with first home buyers moving quickly. Investors have a noticeable presence in the market also meaning that overall activity has been good. Listings remain tight, limiting buyer choice, however, the market could be categorized as something of a sellers market at present.”
REINZ AUG13 NSN
I should mention that although the REINZ CEO states plenty of activity in the first home buyer territory, I can tell you there was equally plenty of activity in the $450 – 600k price range too, a region not usually known for showing the kind of “days to sell” the chart above dictates. Just noticed that the Days to Sell didn’t print for the 5+ category, it was 32 days.

July 2013 Nelson Property Home Sales Report

Aug 12th 2013

REINZ released the sales figures for homes sold in July 2013 in NZ today, and at the same time, obviously that included Nelson City.

They say the local median is NZD$345,500 and by my calc’s I reckon $345,000, but hey….what’s $500 between friends?

Nelson Jul 13 stats

The chart tells you whats happening…and I can tell you from an “on the ground perspective” ….. all of a sudden, it seems to have got “real busy.” But that won’t matter if you aren’t in the market anyway. So if you are …just call.