Tag: MarketTrends
Is This a Buyer’s Market?
Hi folks,
The sales statistics for January 2014 are now out and, to my fevered real estate mind, make for some very interesting reading. There were 36 Residential sales in Upper Hutt, down somewhat from 61 in January 2013 and with 366 properties for sale on Trade Me as of the 17th February the question has to asked, is this a buyer’s market?
Brief Overview of the Real Estate Market in Upper Hutt
Hi folks,
As this is the last column of the year from me I thought I would give a brief overview of the Real Estate Market in Upper Hutt as it stands today. It’s brilliant!
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Will Raising Deposits for First Time Buyers Help Anyone?
Hi folks,
Today I’m going to offer my thoughts on a current topic in the housing market that will affect both homebuyers and sellers alike. Higher deposits for first time buyers. The media is quite correct to say that the national median selling price is an at all time high, I have no complaints with that as it is factually true. However, what I would like to see is at least a tiny inspection as to why so that we can get an overall picture and not just a good soundbite, especially when a substantial part of the marketplace is about be penalised rather unfairly in my opinion.
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The Balance Has Shifted Towards the Vendor
Hi folks,
For those of you involved in the property market, whether buyer or seller I can confirm, for the first time in a long time that the balance has shifted towards the vendor once more. The number of sales is up and the number of listings is way down in Upper Hutt.
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Best Real Estate Sales in Six Years!
Hi folks,
I haven’t addressed the Upper Hutt market for a while and having recently seen the sales stats I thought this would be a great opportunity to catch up. The first thing to note is that the March 2013 was the best sales month in the last 6 years with 95 sales! This coincides with the lowest levels of stock available for some considerable time showing that the supply demand imbalance may be turning to favour vendors.
Changes in the Real Estate Market
Hi folks,
As you read this we will be approximately halfway through a glorious 10 day stint of what has been called perfect weather. Isn’t it brilliant? The unfortunate thing for me and most of us is that it comes when we are back at work, which brings me on nicely to the Upper Hutt property market.
Selling in Winter
Hi folks,
We are coming to the time of year when the real estate market traditionally picks up and agents everywhere assume we are going into the busy period where more sales will take place. But what happens when we look at all the residential sales in Upper Hutt in both 2011 and 2012?
I’m a Glass Half Full Sort of Person
Hi folks,
To the people that know me I think it’s fair to say that I’m a glass half full sort of person. I was reminded of this in a recent article I read by Paul Clitheroe in the May 2012 issue of Money magazine, in fact I liked what he said so much I’m going to share his thoughts with you.
Sales Levels Are Now More Consistent
Hi folks,
I thought it was time to revisit the Upper Hutt market as I haven’t done so for a while and it seems to be the only thing I talk about these days. Memo to self, try to get more of a life!
Is It Really a Sellers' Market?
Hi folks,
I haven’t spoken about the Upper Hutt market for a couple of months so I’m well overdue addressing a couple of things. Firstly let me offer my opinion about recent media reports saying about how the market is at a record high and it’s a sellers’ market. I’m sure they are completely correct in Auckland or Christchurch but completely wrong in the Wellington region.