Property Market Continues To Look Promising
Monday May 4, 2009
While there have been suggestions that the market is looking healthier in the past couple of months, with increased numbers at open homes and to even the most casual of observers the sold signs seem to be on the increase but “the proof is in the pudding”.
When I compare the statistics supplied by REINZ it is clear that in most cases sales volumes have increased in comparison to the same period last year. While not all sales are recorded including some very high-end sale prices that are subject to confidentiality clauses, this data does give us some clear information.
The suburbs of Herne Bay, St Mary’s Bay, Freemans Bay, Ponsonby, Grey Lynn & Westmere have shown a significant increase in sales volumes in the months of February and March compared to the same period last year. We have often observed that these areas often are at the forefront of a changing market. Good results have also been recorded across the most areas. While Remuera, Newmarket & Parnell are not showing an increase, we feel this is partly due to the lack of available listings in these locations.
With good properties still in short supply and interest rates still looking like they will remain low now is the best time to be selling and realising your next dream.