The Upper Hutt real estate market: quiet but steady.
Hi folks,
It’s been a while since I last talked about the sales statistics for Upper Hutt so this is long overdue! Since November 1st there have been a steady number of listings coming to the market, there are now 310 properties on Open2View up from 285 in early October, there’s nothing unusual in that, it’s exactly the same thing that happens every year and also the reason more sales happen. Summer is on the way and people like the idea of being in a new home by Christmas.
One of the more noticeable things I see when I have a whole 12 months of Upper Hutt sales stats in front of me is the way that the median sale price rockets around, it’s also the reason I don’t put much faith in it and why I don’t generally respect a lot of the property articles I read. For example in the last 12 months the median price has been as low as $297,000 (Sep 14) and as high as $351,000 Nov 13) The October 2014 median is $342,600 but does anyone really believe that prices went up by $45,000 in one month? No of course not but doesn’t it give a skewed view of what’s happening out there?
The reality is that we are in a quiet but steady market in Upper Hutt, we aren’t seeing prices rise, we are not affected by “the record high National median” that is largely a result of 2 cities growth, Auckland for reasons of huge immigration numbers and foreign buyers and Christchurch following the earthquake. Congratulations to the owners of the 66 homes that sold in October, I will do my best to add some more numbers to those figures in November.
If you are thinking of selling your home or want more information on the Upper Hutt property market please call me on the numbers below or contact me via email steve@steveslicker.com alternately fill in your details here on my website.
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Kind regards, (04) 212 6787
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