Posts Tagged ‘real estate’

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 …

Autumn 2021 Property Market Summary

Tuesday, September 14th, 2021

Key takeaways from the Canterbury property market

National median house price up 25.5% to $850,000 – A record price

Canterbury saw median house prices reach a record $595,000 in July, up 24.7% from the same time last year

“Median house

Monthly Property Market Summary

Sunday, August 15th, 2021

Key takeaways from the Canterbury property market

Canterbury saw median house prices reach a record $595,000 in July, up 24.7% from the same time last year.

Canterbury saw a 48.6% decrease in the total number of properties available to