Market Watch

 

Here is the latest insight into what has been happening in the marketplace across Hamilton and surrounds for November 2017.

~ The number of properties available for sale is also up at the time of reporting (December) to 876.

~ December has seen the highest residential property stock levels for the calendar year although we expect this to soften as we enter the festive season and holiday break.

~ The median sale price for Hamilton residential property remained steady at $532,500, down marginally from $535,000 in October with 53% of all property selling in the $500,000 to $800,000 range and 8 properties selling over $1,000,000.

~ 85% of properties marketed through a Harcourts auction campaign for the past 12 months have sold, making Harcourts Hamilton’s leading property auction house.

~ Rural and lifestyle sales bounce back from an October low of 34, to 74 in November, an increase of 115%! Over 30% of those sales were in excess of $1,000,000.

 

If you or someone you know is contemplating selling in such a strong market, don’t delay and talk to one of our Harcourts consultants today about an up to date market appraisal and how to set the right strategy to achieve a premium sale price for your property.




 
 
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