3 out of 4 auctions sold
It was a good day for sales at LJ Hooker Gisborne when 3 out of 4 residential properties sold under the hammer. 5 Elsdon Best Street, Riverdale was offered for sale under mortgagee instructions. The property drew a positive response during the marketing programme with over 30 buyer inspections. It came down to 3 active [...]
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 [...]
Steady November Sales
Sales released for November 2011 were consistent with previous months of 2011. There were 29 confirmed residential property sales in Gisborne City. No section sales were reported this month. There were 11 sales under $200,000 and there were 4 sales above $500,000. This level of high end sales is more than previous months. It’s pleasing [...]
New RV’s out soon
The new RV’s (Rating Valuations) for Gisborne are due out on 10 December 2011. Effective from September 2011, they are meant to represent a snapshot of property values. RV’s replaced the old GV’s sometime ago. However RV’s do not purport to be an accurate assessment of market value. Land Mass Technologies (the company who did [...]
A smart retirement option
For many folk of retirement age, the option of going into Beetham, Ryman or another managed complex Gisborne is not an option they are seeking. Often a new home is not an option either, as the cost may be beyond the available resources. This property on 84 Ormond Road may prove to be the solution. Built [...]
Street smart
Looking at 108 Rutene Road, it is easy to see why it has caught your eye. The colonel style has a timeless appeal and when you step inside, the property continues to delight. Spacious, airy and with a sensible floor plan, the attraction grows. But the real benefits of living here will be the convenience of [...]
Gisborne Residential Property Report
An observation on the local market by Neil Walker – Principal L J Hooker Gisborne Number of Sales The number of properties that have sold is down from the peak of 2004 – 2005 with half of the number of annual sales. Over the past 18 months there have been between 90 – 110 sales per [...]
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 [...]
23 Sales in July
There were only 23 residential homes sold in Gisborne during July 2011. That’s well down on the recent 30 to 35 of previous months. The highest sale price was $395,000 for a 4 bedroom home in Te Hapara. Normally we would expect to see a lot more higher sale prices than this. The lowest sale [...]
