Talking Real Estate
Will Upper Hutt break the 1000 sales barrier this year?
Hi folks,
Continuing on from my last musings 2 weeks ago about how positive the property market is currently, I see that the Real Estate Institute has just released their figures and it’s not just Upper Hutt that is experiencing house price growth.
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Upper Hutt real estate blasts off!
Hi folks,
I can confirm that the property market in Upper Hutt in 2016 has started with not so much a bang but a nuclear explosion! Continuing the increasing sales activity we saw towards the end of 2015, which turned out to be, with 825 sales, the top selling year since 2007!
So what’s the forecast from this point? Well, after a weekend with 7 offers on 4 properties and my phone ringing red hot I’m only forecasting good things! Finally a great number of people are out of negative equity and while the timing of the rise in price was expected as cycles tend to last 8-10 years, the way we arrived at this market certainly came as a surprise.
Nibbling At the Selling Price
Hi folks,
When buying a home or property most purchasers will have to undertake some form of negotiation when they find it. How much or how little they can afford to negotiate depends on the market: negotiating too hard in a sellers’ market is never worth it as there will be many other buyers keen to pay more just to secure a property. It is worth considering the strategy of negotiating from the asking price to an acceptable selling price and realising that there are many things that inexperienced buyers say in the stress of the moment that might make them miss out.
The market is electric right now
Hi folks,
This is my last comment for the year regarding real estate in Upper Hutt and what a great year it’s been, on my River FM regular radio slot on Thursdays and Sundays I have been saying for some time that 2015 would be the best year since our peak market of late 2007 early 2008 and while I don’t have December sales figures yet only 48 sales are required to prove me right.
Average Time to Sell a Property
Hi folks,
With the number of listings in the marketplace increasing as normal for the time of year I thought I would address the selling time factor. Few vendors trying to decide which agent should sell their property would base their choice simply on whether they are likely to get a quick sale. And is a ‘quick sale’ an advantage anyway?
Good news if you have a good financial track record.
Hi folks,
Some great news last week, Graham Wheeler, the Reserve Bank Governor, informed us that interest rates were not moving and staying at their base 2.75% with interest rate cuts forecast for the near future.
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The real estate market is moving!
Hi folks,
I have to say I’m quite enjoying writing these musings, especially this year when yet again I can say with positivity that the market is moving!
2015: Better by a country mile!
Hi folks,
It’s official, 2015 is a much better year for Real Estate in Upper Hutt than last year and by a country mile! The number of residential property sales this year from January–August is up on 2014 by a massive 108 sales! We are currently running at 532 sales for this year to date compared with 424 sales last year.
Short and sweet...
Hi folks,
As regular readers will know I tend to use this space for market commentary, to keep up with what’s going on in our Upper Hutt residential market or to offer real estate tips, buying, selling, sprucing up etc.
