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 [...]
Big move in section sales
While houses sales in Gisborne for August were pretty much in line with previous months, there was a big increase in the number of sections sold. 33 residential homes sold (31 houses and 2 apartments) and 11 sections sold. The Sponge Bay subdivision posted 4 sales and the others were spread across the city. As [...]
Quarterly results – good insights
Sales over the second quarter (April – June) were at the same number of the previous five quarters, around the 100 sales mark. Compared to the peak during 2006 / 2007 of double that, it seems that these levels of activity is the new norm. Median sale prices continue to be around the low to [...]
June sales low again
Despite a lift in sales volume during May, it was another month of low sales as June posts 30 sales for the month. Those were made up of 27 house sales, 1 apartment, 1 block of units and 1 section. The most affordable was in Kaiti ($95,000) and the most expensive was a property in Riverside [...]
Home Affordability – Gisborne
The recent Roost Mortgage Brokers Housing Affordability for Gisborne Report points to owning a home in Gisborne is now more affordable than in past years. And when compared with the average national data, Gisborne comes out 20% more affordable, depending on how you read it. Of interest, the data used in the surveys are limited to [...]
March sales continue trend
The majority of property sales in Gisborne City during March 2011 continued to be at levels below the most recent rating valuations set in 2008. There were 37 house, unit and apartment sales for the month ranging from $70,000 for a one bedroom unit in Te Hapara to $573,000 for a 4 bedroom home at [...]
Walker Real Estate rebrands
Walker Real Estate has rebranded to LJ Hooker Gisborne. Six months ago Walker and Harveys Gisborne joined forces and have been operating under the two brands out of 66 Reads Quay. Now the final stage of the merger is complete and the two companies have become one – LJ Hooker Gisborne. The merger makes LJ [...]
Real Estate snapshot from around NZ
Every month Tony Alexander from the BNZ surveys businesses throughout New Zealand and seeks their comments on the economy and in particular, activity in their respective industries. A number of real estate agents participate in the survey. Their comments are posted raw, unabridged and are in no particular oder. Together they provide a mosaic snapshot [...]
2010 – Year in Review
The final number of property sales for Gisborne have now been released and they paint an interesting picture. While 2010 was a year of low sales, it was pleasing to see that market prices were in fact stable. Sales volumes were down. It was the lowest number of reported of sales of the new millenium, but [...]
Good interest on beachfront property
It was pleasing to see a good result at last week’s auction with 46 Murphy Road selling under the hammer for $782,000. The property was marketed by Greg Robinson of Bayleys Gisborne. Over the past 12 months beachfront homes have not been selling strongly (only three sales) with prices well back from the peak of [...]
