Congratulations To My Colleagues!
Firstly let me start with an apology! It’s not how I would normally start my musings on the world but I also don’t use this column to skite, however on this occasion I’m going to. I’m delighted to say that Tommys were the top selling real estate company in Upper Hutt in June 2014 with 40% of the market share. As I say I don’t often skite but I wanted to offer congratulations to my colleagues and point out that Tommys consistently sell more properties per agent than any other company so just this once allow me this indulgence.
Re the market the property market in our fair city, it’s fair to say that it has been better. Prices are stable due to the lack of housing stock available and I never thought I would say this, but it’s actually a good thing. If we were back in 2012 and prior when the stock levels were 550-600 available we would now be facing reductions in price.
In fact to the end of June, after 6 months of sales, there have been 306 residential sales, hugely down on last years 426 sales for the same period and 78 down on 2012. But I have to stress that while sales levels are down, prices are holding. The OCR (official cash rate) was raised again this week putting further pressure on the property market, having said that I do expect the market to pick up in terms of sales later in the year, specifically when the LVR is scrapped and more first time buyers come back into the market.
If you are thinking of selling your home or want more information on the Upper Hutt property market please call me on the numbers below or contact me via email email@example.com alternately fill in your details here on my website.
(04) 212 6787
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