Market recovery on the way
The sales activity for the first quarter 2012 show a 15% increase in the number of houses sold in Gisborne. After a sustained period of fewer sales during the past 18 months, the indicators are pointing towards recovery. While the number of sales are well off the high volumes that we saw 5 to 7 [...]
Strong Lift in March Sales
There was a significant lift in the number of houses sold in Gisborne during March 2012, up to 46 sales. This is the highest level of monthly sales activity since 2 years ago and it was not just a recovery spike following on from a previously weaker month. Sales activity is up. More houses are [...]
Lift in February Sales
February posted a 37% increase in the number of sales over the previous month. There were 10 mores houses sold in Gisborne bringing the total to 37 residential homes sold and 2 section sales (both in Sponge Bay). The highest recorded sale was at Wainui Beach selling for $927,000 and the lowest was a home [...]
Actual Sales January
Here are the properties that sold in Gisborne during January 2012.For privacy reasons the street numbers are not shown. If you would like more detailed information, please send me an email. Neil Walker : nwalker.gisborne@ljh.co.nz
Steady Sales in January
There were 27 houses and 2 sections sold in Gisborne in January 2012. That is about the same monthly level for sales during 2011, where the average monthly total was 30 house sales. The highest sale was a beachfront property at Wainui Beach that sold for $1,050,000 and the lowest sale was a property in [...]
Market Trends – the big picture
The market trend for house prices in Gisborne is they are falling, but not by much. Sales over the past 11 years show that the market peaked in 2007 and since then prices have remained slightly below that level. Often the monthly results can show a spike, however due to the small amount of monthly [...]
New RV’s accurate?
The new Rating Valuations (2011) are out for residential property in Gisborne. They are back dated 1 July 2011. Despite the clear disclaimers from the Council and Land Mass Technologies that Rating Valuations are not accurate market valuations, we still tend to reference our property against its RV. However upon closer inspection, it is clear [...]
Property prices 2011
Gisborne’s property values dropped by 2.8% during 2011. Nationally average values rose by 2.4%. Those increases were in the main centres and in some provincial cities. Both Tauranga and Hamilton’s values were flat. Gisborne was not alone in falling values. For the full report visit the QV website. (Quotable Value New Zealand). QV gathers its data from completed [...]
Finger on the pulse
As the year comes to an end, it seems there is an increase in sales activity in the residential property market in Gisborne. A few agencies are reporting more sales, however the auction clearance rates are showing a mixed bag of results. LJ Hooker Gisborne has posted 11 residential sales for December, following on from [...]
