Ilse recounts that two weeks ago she had 2A Hororata Road on the market for five days, when a pre-auction offer of $2,700,000 was accepted by the vendor and the auction brought forward. At the auction two days later, there were 30 bids from four buyers and the property sold for $3,101,000.
As Ilse says, “Good properties sell quickly so you need to do your due diligence as soon as possible. Check you have a daily notifier set up for your search parameters on both Trade Me and Real Estate Co NZ. You will receive an email first thing a new property is listed.
“We are in a typical winter low supply scenario. If you are hoping to sell your home for a premium price before the spring rush, call me asap. We can get the paper work done and address problems while the house is being prepped for photos”.
Ilse also reports that stock over this winter period has been tight, and buyer demand is continuing to grow along with Auckland and North Shore property prices. School holidays are also wrapping up, and listing stock is already increasing. Sale volumes reflect the trickle of available properties over winter, which we expect to change with the flood gates open over the coming weeks and into September.
Ilse says to expect prices to hold steady with plenty of buyer pressure as we move past the mid-year hump and the exciting descent to Christmas and Summer again. She also notes that interest rates are on the creep upward even with the official cash rate staying steady.
This concludes her short market commentary for this month’s round-up, with nothing overly exciting reporting further on. As she says, without a doubt, next month will see more significant movements in the marketplace, so watch this space. After all, spring is just around the corner!
# 1 for the Harcourts Takapuna Office for July 2021 !!
For more information on real estate agents Belmont and selling my house Takapuna please go to http://www.ilseevans.co.nz .
