The market is electric right now
This is my last comment for the year regarding real estate in Upper Hutt and what a great year it’s been, on my River FM regular radio slot on Thursdays and Sundays I have been saying for some time that 2015 would be the best year since our peak market of late 2007 early 2008 and while I don’t have December sales figures yet only 48 sales are required to prove me right.
There were 83 residential dwellings sold in November in Upper Hutt and I can claim 9 of those as unconditional, giving me as an individual over 10% of the Upper Hutt sales market for that month. The total year to date residential sales is 743, a huge difference of 131 compared with 2014.
What this means is that the market is electric right now and this is due to 2 things, the interest rate dropping and that is forecast to continue into 2016 and also a historically low level of listings available.
There is nothing complicated in real estate, it’s all supply and demand and the prices are rising because the demand is there and the supply isn’t.
Many thanks to all my vendors over the last 12 months, some of whom have been very patient!
And finally, a very Happy Christmas to all and very best wishes for the New Year.
If you are thinking of selling your home, would like an appraisal, or want more information on the Upper Hutt property market please call me on the numbers below or contact me via email email@example.com alternately fill in your details here on my website.
(04) 212 6787
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