Market Update: House Sales Increase

The winter real estate climate in Nelson has been unexpectedly heating up this year.

Nelson in winter...simply beautiful
Nelson in winter…simply beautiful. Image source: Richard Penlington.

Recent figures released by the Real Estate Institute of New Zealand show a surge of interest for July, with 88 houses sold compared with 70 in June and 60 in the same month last year.

REINZ Nelson Marlborough spokesman Darryl Marshall said the market was very positive for winter.

“There’s no question about it. It’s positive in terms of peoples’ attitudes, their expectations and overall just a very positive atmosphere.”

There are a lot of ‘positives’ in that statement.

Additional statistics show the mean house is worth $395,749 – up 4.6 per cent on last year, up 1.2 percent on three months ago, and up 3.3 per cent from the peak market point of 2007.

What does this mean for you?

The market is particularly active, with an abundance of buyers looking for homes, and a shortage of listings.

For those of you looking to sell, now is the time to do it. Take advantage of this fantastic opportunity to reap maximum rewards on your investment.

And if you’re a buyer in this market, be prepared. Tick as many boxes you can before presenting an offer, so you can put your best foot forward – and avoid missing out. This could mean confirming finance, for example, before drawing up a contract.

Teaming up with a good agent is also essential for both vendors and buyers – and if you’re in either of these categories, or would like to chat further, my door is always open…

Let us know your thoughts!

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