Market Watch

 

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

~ Residential sales in Hamilton during September remained constant at 255, up slightly from the 252 sales for August.

~ Sales volumes were down 16% on September last year – so we have returned to what we would describe as a normal market!

~ The median sales price increased from $540,000 to $541,000 a 6.1% compared to 2016.

~ There is still a lot of buyer interest from people looking to relocate from Auckland with about 35% of buyers from out of town.

~ Due to lack of available supply, prices remain relatively firm and investors with a robust equity position are still active in the market.

~ The auction room remains very busy, with Harcourts continuing to set the standard in the city

~ Our auction clearance rate for the past year is 85%!

~ We have noticed prices increasing in all lifestyle areas – but more noticeably in areas such as Whatawhata, Ngahinapouri and Tamahere.

~ Overall, the market is balanced, with opportunities for both buyers and sellers to take advantage of living in our great city.

 

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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