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22 January 2020

December 2019 Market Wrap

Happy New Year – and the news is all good.


And they’re off!

The beginning of 2020 has brought with it a very busy and early start to the real estate year – something we called back in December by ensuring we had a good number of listings ready to go for the first week of January.

Buyer numbers through our open homes in the last two weeks have totalled well over 1,400, resulting in some spectacular results. One stand-out last week was a multi offer situation where we presented ten – yes, ten – pre-auction offers to our vendor, eight of which were first-home buyers, and the auction was brought forward two weeks ahead of schedule with multiple buyers in attendance.

The frantic start to the year is a reflection of our December market update, which, although not a full month, revealed some positive indicators, with the median price in Greater Ponsonby up 18% compared to last year. The Eden Quarter followed suit with a healthy bounce in both sales numbers and median price year on year.

Moving through the Western Fringe, it’s been steady as she goes. Particular mention goes to New Lynn, touted as the Goldilocks of the West for first-home buyers – ‘not too far away and not too expensive’. This reputation shouldn’t be a surprise, given that the biggest price category (40%) of homes fell into the $600k to $700k range in December – great buying for those new to the market!

Titirangi is a star on the numbers game out west, with a 61% rise in sales numbers and 6% rise in median prices for December. The big attraction for homebuyers in this part of Auckland remains the same – the beautiful bush, great local schools, a superb village atmosphere, plus the bonus of the nearby West Coast beaches.

The lower North Shore continues its rise to the forefront of the first-home buyer and investment market with the news all about the upward trend in both in the sales numbers and median prices last month. Year-on-year, 50% of the sales values in this area fell between $600k and $800k, which makes it a prime hunting ground for this sector of the market.

The Gulf Islands are now in their own market and, with the arrival of summer, the news is all good with both sales numbers and median prices. Check out the latest listing on the RWDG website – there are some great opportunities available in these idyllic spots for beach homes and lifestyle homes.

December saw days on market drop yet again, to 27 for auctions and deadline sales, which represent over 60% of all sales RWDG, transacted with a 83% auction clearance rate – an incredible statistic that sets us apart from our competitors.

If you are thinking of selling in early 2020, there is still an opportunity to beat the market rush, plus we have some exceptional marketing packages available to support you. Our experienced and successful sales team are always here to assist and support you through the sales process, with an emphasis on providing exceptional service and marketing to ensure we all get the very best result.

Call us for a no obligation sales appraisal - we look forward to your call.

Select your area

  • Greater Ponsonby: Herne Bay, Ponsonby, Freemans Bay, Westmere, Grey Lynn, St Marys Bay
  • The North Shore
  • Eden Quarter: Mount Eden, Kingsland, Eden Terrace, Sandringham
  • Western Fringe: Mount Albert, Mount Roskill, Point Chevalier, Three Kings, Western Springs
  • Greater Avondale: Waterview, Avondale, Kelston
  • Greater Titirangi: Laingholm, Titirangi
  • Auckland City Apartments: Eden Terrace, Freemans Bay, Grafton, Grey Lynn, Herne Bay, Kingsland, Ponsonby, St Marys Bay, Westmere
  • The Islands: Waiheke Island, Oneroa, Palm Beach, Ostend, Surfdale, Onetangi, Orapiu, Omiha, Rakino Island, Great Barrier Island
  • Green Bay Central: New Lynn, Glen Eden, Green Bay
  • Blockhouse Bay East: Blockhouse Bay, New Windsor, Hillsborough, Lynfield
  • Henderson West: Henderson, Massey, Ranui, Sunnyvale
  • Te Atatu West: Te Atatu South, Te Atatu Peninsula, Glendene
  • Greater Remuera: Remuera, St Johns, Stonefields

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