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upper hutt real estate

Tommy's top Hutt Valley agent from 2006 to 2019

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Asking Prices Remain Static

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Kiwis now have more choice when it comes to buying a home. An increase in new listings, coupled with static prices indicates the property market is back on track, says realestate.co.nz spokesperson Vanessa Taylor.

“The heat that lit the 2015–16 market is no longer evident.

“The slow start  to the 2017 year was equally challenging for buyers and sellers. What we are now seeing is a normalising of the market which will benefit both groups,” she says.

Real-time statistics from realestate.co.nz show that in November, there were 13,477 new listings across the country, the highest number since  November 2014.“With this increase, the market is now sitting where it should be in terms of total stock,” says Vanessa.

A MORE STABLE MARKET IS A GOOD MARKET

vanessa taylor

vanessa taylor, realestate.co.nz

“A more stable market is good for both sellers and buyers”, says Vanessa Taylor. “Those looking to trade up or down can do so with more certainty about price expectations.

“There is more choice and less heat,” she says. For new home buyers, realestate.co.nz welcomes the Reserve Bank’s announcement this week that from 1 January 2018, mortgage lenders will have the ability to approve loans to more customers who have less than a 20% deposit.
“There is no doubt that buying a first home has been incredibly tough across the country” says Vanessa.

Read the full report here

If you are thinking of selling your home, would like an appraisal, 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.

 

Kind regards,
Steve Slicker

+64(04) 212 6787
0275 661 949

 

Steve Slicker, Upper Hutt Real Estate

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If you are considering selling your property in any of the suburbs below, please call or email Steve

  • Akatarawa
  • Birchville
  • Blue Mountains
  • Brown Owl
  • Clouston Park
  • Ebdentown
  • Elderslea
  • Heretaunga
  • Kaitoke
  • Kingsley Heights
  • Mangaroa
  • Maoribank
  • Maymorn
  • Moonshine Valley
  • Mount Marua
  • Pakuratah
  • Pinehaven
  • Plateau
  • Riverstone Terraces
  • Silverstream
  • Te Marua
  • Timberlea
  • Totara Park
  • Trentham
  • Upper Hutt Central
  • Wallaceville
  • Whitemans Valley