Read the article or watch the video.
Market conditions in Tauranga
We’ve just had the highest month of sales in the whole of last year. November had 148 and December had 158.
We had to spike of volume in the price ranges. The first was in the $325,000 to $400,000 range, as you would expect. The second was less expected in the $400,000 to $600,000. And it was the $500,000 to $600,000 price range that did particularly well.
A significant factor in these high sales figures are the out of town buyers. We have lots of buyers coming into town,
especially from Auckland.
In general we have plenty of buyers around, but it’s getting enough homes to sell that the industry is struggling with. Having plenty of buyers around means sellers have flexibility around how they want to sell their home. As such now is a good time to sell a monolithic style home, as buyers will consider everything. So for example if you have a Harditex or a Insulclad type home then now would be a good time to put it on the market.
Tauranga House Prices
The demand means prices may have crept up a little, but on the whole they remain pretty stable. We certainly haven’t seen the extremes that Auckland is experiencing. Buyers are still very discerning around how much they will pay.
Buyers and loans
There is some good news for buyers. The first is that there is still a steady trickle of homes coming onto the market, so there are new properties to look at. The second piece is that interest rates are still low and stable. In talking to bank managers they have money to give away. The banks are keen to do deals and lend money so this makes it a good time to be buying.
I expect the next period to be a continuation of the status quo. The numbers should stay solid. I expect the trickle of homes coming to market to continue, and those homes will be sold if marketed well.
If you want to sell your home, whether to out of town buyers or the local demand, it’s good marketing that sells your home. At Claridges we always find it’s the marketing that brings the buyer.