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 [...]
Central St villa sells under the hammer
Recently a well presented villa at 4 Central Street, Whataupoko Gisborne sold at auction for $350,000. The property drew interest from several buyers, however on the day one bidder negotiated the sale before it was sold under the hammer. “The high standard of presentation was a winning point with several buyers. Over the four week [...]
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 [...]
We are Spoilt for Choice in Gisborne
Yesterday we hosted an auction at 124A Stout Street and nobody came. Now given this current market we are operating in, that in itself may not surprise you. But that’s not the reason why there was such a lack of interest. Consider the facts. A substantial character family home, three bedrooms upstairs and one down, [...]
RV’s Don’t Mirror Market Values
Often I hear buyers saying that everything is selling below their rating valuations. That is usually based on random comments without factual data to back up the statement. When you look at the most recent data the picture is actually quite different. Sales over the last quarter show that 18% of all property sales in [...]
Low point in sales reached in September
If all the home sales are in from the local real estate agencies, then September was a shocker. 26 residential sales for Gisborne City. Now that is incredibly low! As Days on Market stretches out, buyers seem to be taking for ever in a day to commit to purchasing. And it seems the most affected [...]
Someone got a great deal
Recently the property at 84 Kaiti Bech Road sold for $245,000. That was good buying and who ever bought it got a great coastal property at a sharp price. The sea views were outstanding as was the level of privacy it offered. Being a three bedroom “initial home” – it was fairly modern and once [...]
Walker team just got a whole lot bigger
Last week’s merger of Walker Real Estate and the Harveys residential team has make the company a whole lot bigger. There are now 9 residential agents, all specialising in selling homes in Gisborne City. That makes Walker Real Estate the largest residential team in town and is likely to push their market share to over [...]
Half yearly report – low sales
With reported June sales now coming through, the six monthly sales activity for residential property in Gisborne City show we are still in a low activity phase of the cycle. Low sales volumes, but stable prices. That is the picture. Buyers are often slow to commit, showing no apparent urgency to take advantage of the [...]
Perfect for your family
This renovated property in Sunvale Crescent is perfect for a family that requires extra living space. The games room is huge, offering a perfect solution to the extra living room requirement. The inground pool will be a great spot for family and friends to share those coming summer days with. The owners are on transfer [...]
