Jolly good July results

Hamilton real estate is ticking along rather nicely with 318 sales for July – 58 up from June and 38 more than the same time last year. Buyers are keen to find their forever homes and competition pushed the average days to sell a property to 27 – 4 days less than June and a solid 13 days down year on year. Buyers are eagerly awaiting new listings to the market as many have missed out before and dread going into multiple offer presentations just to be disappointed again.

The median sales price went down slightly to $636K compared to $660K in June, but still sits way above the $590K a year ago.

Sellers should take note of the great clearance rate of auctioned properties and make most of the opportunity to sell in this market with limited properties for sale. Demand outstrips supply and that ensures top dollar for sellers.

Don’t get short changed. Maximize your property’s equity!

Are you considering a real estate move in the near future? Let’s talk!

Contact Linda on 022 64 50588 today for a confidential chat or a                                FREE, NO OBLIGATION APPRAISAL to find out what your property might be worth in today’s market.

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Real Estate sales in June – Good momentum…

A good month in real estate – taking recent restrictions into account – with 260 properties changing hands in June.

The median sales price in Hamilton reached $660K –  2,3% up on May and a whopping 17,9% higher than twelve months ago. Properties on the market took on average 31 days to sell – 9 days down compared to the previous month. Year on year sales are slightly up – 8 more sales than for the month of June 2019.

Unfortunately there is a snag – stock is seriously low. It poses an opportunity to get top dollar should you be thinking of selling soon. With 151 less properties up for sale year on year, you should not blink at this chance.

Linda is ready to assist by doing a FREE, NO OBLIGATION APPRAISAL of your property. Call  Linda Dobson today on 022 64 50588 – the ball is in your court now!

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Going, Going, GONE! 10 Maidstone Place, Rototuna North now SOLD!

The vendors are packed and ready for their new home! A bit of an upset with Covid-19 restrictions during the marketing, but it happened and they can move on. All the best in your new ‘forever’ home, Braedon and Janette. Enjoy every minute of the new beginning.

I can do the same for YOU! Contact Linda Dobson today on 022 64 50588 for a                                           FREE, NO OBLIGATION APPRAISAL of your property.                                                                                 You might be next to get packing!

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May Market Moves…

Real estate still changed hands amidst the Corona-19 pandemic – although under ‘new normal’ circumstances.

Sales were low at 150 for May, but up on April – although lower year on year. This was to be expected with tight restrictions in place during lock down and it took a bit longer to sell with an average of 52 days on the market. The median sale price held steady on $625K as in March and April, but was up by 11.21% year on year.

Open homes attract good numbers in Level 1 – a tell tale that the low interest rates are luring prospective buyers to consider taking the leap to ownership. Now is a good time to move up market or off loading dated investment properties to buy into newer developments. The rental market requirements have changed and new builds will pose a better return of investment with appreciation over time.

Are you thinking to make a real estate move? Contact Linda on 022 64 50588 for a FREE, NO OBLIGATION to find out what your property might be worth in today’s market.

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10 Maidstone Place, Rototuna North… Your new forever home?

Nestled in a quiet cul-de-sac with prime privacy, you’ll find this 180sq meter home on 750sq meter section awaiting a new family.

 

It sports an open plan living/dining area with an undercover pergola – great flow for entertaining and watching the kids roaming the garden.

A second living area spills over from the bedrooms through a ranch slider – giving access to the fully enclosed back garden. A media nook is at hand for the kids – now you can call the shots on the TV!

The kitchen allows a through fare to both living areas and has a great view over the entertainment area. 

The three bedrooms – plus a small forth that can be a study – are complimented by a family bathroom and the master with an en suite.

The laundry is separate – with storage – and is situated near the double internal access garage on remote.

The property has a generous section and present the opportunity to create the garden of your dreams – fruit trees and vege-patch with ample space for the pets – all this in a central location to amenities and good schooling to choose from.

You need to see this! Contact Linda on 022 64 50588 to arrange your private viewing today.

 

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7 Darley – Now New Owners’ Darling!

Another good outcome – Happy Vendors and Proud Purchasers! It was great working with you – Best wishes for the future.

Curious to know what your property might be worth in today’s market? Give Linda  a call on 022 64 50588 for a FREE, NO OBLIGATION APPRAISAL!

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Hamilton… Surprise!

The year is drawing to an end and families are off to the beach. Some families might prefer to spend Christmas in their new homes though…

Action a plenty as the sales numbers are up once again – 358 homes changed hands in November – an increase of 35 on October. The median sale price reached $620K for last month – first time over-stepping the $600K mark.

It took 32 days on average to sell a property and lesser properties to choose from inspired buyers to compete in multiple offers to secure their new homes. We are working hard to replenish stock and would advise would-be vendors to consider coming to the market as soon as possible. Remember, out-of-town buyers are looking NOW…. to be settled when schools and university start next year. Take advantage of this opportunity and outrun the competition waiting for the new year to get listed!

Linda is available for FREE, NO OBLIGATION APPRAISALS. You need to contact her on 022 64 50588 to get started.

PS! Check out my latest listing HERE … It’s hiding heaps of potential!

https://harcourts.co.nz/Property/903450/RU6519/7-Darley-Street

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Looking for your Hamilton dream home?

The market is certainly busy – whether you’re looking for a new built or wanting to  move up the property ladder – choice in abundance awaits the house hunters.

A total of 314 sales – 69 up on September – tells us that buyers are keen to get in on the action and invest in real estate and their futures. Low interest rates motivate to take the leap and get on the property ladder while the going is good.

The median sale price is slightly down to $585K on the previous month, but up 4.5% year on year – trending upwards nonetheless. Properties sell on average at around 33 days on the market and great results are achieved through auction campaigns. The downside is a lack of available stock – making it hard for buyers to compete in multi offer situations and losing out on their preferred property a couple of times before securing one eventually.

With 2019 drawing to a close, time is running out should you consider moving house – especially if schools are in the picture too. Rest assured – it can still happen, but you’ve got to act NOW!

Contact Linda Dobson on 022 64 50588 for a FREE APPRAISAL to get the ball rolling…

 

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July – Market movements

The past month produced 280 residential sales for Hamilton – 28 more than the previous month. The surprise was the 5.4% increase in the median sale price – now at $590K from $560K in June.

Consider selling? Now is the time!  Buyer interest is high and interest rates are at an all time low – factors that influence decisions to down scale, move up market or diversify property investment portfolios. There is a limited window of opportunity before the usual influx of new listings in Spring.

There is a need for all types of properties in all price ranges to address the lack of choice for buyers. Be the early bird – get a head start and outrun the competition!

Contact Linda Dobson on 022 64 50588 for a confidential real estate chat to find out what your property might be worth.

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Reserve Bank rate cut…. How low will it go….

The Reserve Bank announced a 0,5% cut in the official cash rate – now sitting at a record low of 1%. Banks reacted promptly by announcing that they’ll follow by adjusting their mortgage rates too.

This is good news to would-be home buyers as low interest rates make it rather attractive to rather get into their own home than renting. There are some sharp rates out there – BNZ offers 3.75% for two years fixed.

The flip side of the coin is not so great for savers’ interest return on savings and deposits. The already low  rates on term deposits might entice investors to diversify as the return on investment after tax deductions does not stack up well and can only worsen.

The latest adjustment is to stimulate consumer spending. Spend wisely by investing in your own home and enjoy the fruits of your labour in years to come.

Feel free to contact Linda Dobson on 022 64 50588 for a confidential real estate chat.

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