As we’ve covered previously, pricing is one of the most crucial elements of selling your home.
Here’s the latest news on the real estate market. Watch the video, or read highlights below (and see the graphs).
- How the Tauranga market compares to Auckland
- Numbers of homes sold and the price ranges
- Prediction for spring
The most important aspect when selling your home is the pricing.
It’s well worth spending the time to make sure you get the pricing right.
When you first got to market it’s a time called the honeymoon period. The house is fresh, there are eager buyers, and no one has preconceived ideas about the house. There’s none of the negativity that might come to a house that’s been on the market a long time.
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Watch the latest market update, or read the highlights (and see the graphs) below…
Lots of buyers but few sellers
151 properties sold in Tauranga in May.
In March we experienced the highest number of sales that we’ve seen in a number of years. May was the second highest month in that time.
Below is the chart showing sales by month.
We had another big month in Tauranga with 136 sales in April.
Looking at the figures for March there were 162 sales in Tauranga. This is a big number of sales and the highest volume we’ve seen in a number of years.
Sales time is shorter, with properties often selling within two to three weeks. The prices that we are getting are closer to asking price for correctly prices properties.
There is a shortage of houses coming onto the market and there are more people buying. The limited supply and rising demand means prices are strengthening. We’ve been seeing moving into the area from out of town and from overseas.
We don’t see this as a summer trend, it represents where the market is going. People are more willing to make decisions, and don’t feel they have to hold off as much as before.
Bethlehem has seen some strong action. In the last two months, a third on the houses sold in the $500,000 to $700,000 price range were in Bethlehem.
Here’s three factors you should look for in a real estate agent if you’re selling your home.
When you’re selling your home, one of the most crucial factors is picking a salesperson who is right for you.
Here are seven key characteristics you should look for…
1. Trust and Honesty
Most importantly you want someone who you can trust and is honest with you. There’s a lot at stake, so you need to be certain your agent has integrity.
You’ll spend a fair amount of time talking with your agent and making arrangements. You don’t want it to be someone who makes you uncomfortable.
3. People skills
The whole process of selling a home is about dealing with people. Both buyer and seller are making a lot of emotional decisions. Good people skills are essential for a smooth sale.
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