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.

About Linda Dobson

Linda Dobson - REAA Certified - is a sales consultant at the Rototuna branch of Harcourts - one of the six offices in Hamilton. She markets and sells residential properties with dedicated service to vendors to fetch to best possible price for their real estate. She gladly assists as a buyer's consultant to purchasers to find their ideal homes or investment properties and is results driven. She has a passion for real estate and see beyond the brick and mortar to address the needs and wants of both vendors and purchasers. Call Linda today for friendly, professional service, information and assistance with your next home or investment property. Mob: +64 22 64 50588 www.property-spectrum.com
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