Property Market Report
Market Ready is pleased to bring you this Property Market Report by Michelle Hicks of Unlimited Potential. Market Ready regularly works with Michelle and her clients to get their properties ready to sell.
As a local, Michelle has her finger on the pulse of the Property Market in and around Mt Eden. According to Michelle, it has been a great start to 2020 with well-qualified buyers. Bearing this in mind and with stock being low. The increase in prices indicates it could be an optimum time to sell.
In a recent report by Interest.co.nz (2020). The Real Estate Institute of NZ says there have been 1295 properties sold in Auckland in January. Therefore the increase of +9.7% means we had the highest sales in January since 2016.
Reports of Ferocious Bidding Wars in the current Property Market
Recently a property in New Lynn sold at twice it’s council valuation. There were reports of ferocious bidding from property developers as the site was of considerable size.
Bearing this in mind, what is the Market Report for the rest of Auckland? From various sources in the industry, there is a definite resurgence in the Auckland property market. The Auckland Unitary Plan has led to high demand for property with land.
Are you looking to sell your property in Auckland? Just imagine how much more value you can add by getting Market Ready to help. Not only has Ian worked in Real Estate. His experience over 20 years means he knows how to increase the value of a property.
Would you like the WOW factor for your property? Contact us and book an on-site consultation today.