Posts Tagged ‘christchurch’

August Market News

Monday, September 12th, 2022

Trends we are noticing are:

  • Demand remains dampened due to mortgage rates and continued affordability concerns
  • Vendors are increasingly realistic with their asking prices
  • First home buyers are returning to the market

“That said, some real estate agents are reporting …

July Market News

Friday, August 12th, 2022

Trends we are noticing are:

  • Hesitancy amongst buyers due to higher mortgage cost and concerns over inflation
  • Market activity and prices have eased to moderate pace
  • First home buyers are beginning to return to the market

“Real estate markets are …

June Market News

Tuesday, July 12th, 2022

Trends we are noticing are:

  • Hesitancy amongst buyers due to higher mortgage cost and concerns over inflation
  • The market has slowed down to moderate pace
  • More negotiation happening

“Canterbury was the region with the strongest annual percentage growth in June. …

May Market News

Tuesday, June 14th, 2022

Trends we are noticing are:

  • Median days to sell has increased again to 43 days from last month’s 38 days.
  • The price growth of last year is receding
  • Tightening of lending criteria and rate increase has further slowed the activity

April Market News

Wednesday, May 11th, 2022

Trends we are noticing are:

  • Tightening of lending criteria and rate increase has slowed the activity of sales
  • Fall in month-to-month median prices
  • Annual price moderate growth

 

“Across New Zealand, the number of residential property sales decreased annually by …

March Market News

Tuesday, April 19th, 2022

Trends we are noticing are:

  • Tightening of lending criteria has slowed the activity of sales
  • Buyer competition has eased
  • Prices have remained steady

 

“With buyer demand subdued, sales activity experienced a 25.2% decrease and properties spent an additional five …

Market News

Sunday, April 3rd, 2022

Market trends show a slowing of sales nationwide, particularly within the capital city, Wellington and New Zealand’s largest city, Auckland could be following:

 

“Inventory data shows that properties in Wellington are taking longer to sell than they have, on …

Real Estate News March 2022

Wednesday, March 23rd, 2022

It was a roller coaster of a ride last year and it appears we have reached the peak. We don’t necessarily see any signs of a decline but market activity and has definitely slowed with fewer open home attendees and …

Property Management March 2022 News

Wednesday, March 23rd, 2022

From the Property Management Team

We are a good 2 ½ months into the year of 2022 and already we have had to adapt and change to a rapidly changing landscape in respect of New Zealand in general and more …

January 2022 Market News

Wednesday, February 16th, 2022

The Holiday Period has resulted in an Expected market Slowing.

“There is a 5.3% decrease from December to January. Allowing for the usual seasonal trends, this January is weaker than a typical first month of the year.”

 

Canterbury –