Walker Holds Market Share

Despite strong competition from the 13 agencies competing in the Gisborne residential property  market, the team at Walker Real Estate has held 20% market share for the first half of 2010. While some agencies may have a good month and are quick to quote a high market share figure for that month, it’s the results [...]

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 [...]

Sure to bring a smile

163 Stout Street is one of those homes that has a great feel about it.Totally understated from the street, this villa is an absolute delight. Full of character and cosy charm, it’s a real show stopper with it’s comfortable interiors and private outdoor living. It is located in popular Mangapapa close to schools and only [...]

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 [...]

Market Update – May sales low

May confirmed another  month of low house sales in Gisborne City. The 32 residential sales that were recorded for May are similar to previous months which have averaged 35 sales for each of the five months this year. These low volumes signal we are continuing to be in a buyer’s phase of  the real estate [...]

Buying at auction makes good sense

When the market is flat, auction provides buyers with an opportunity to secure property at good market prices. That’s because sellers who choose to go to auction are usually more motivated to sell and are therefore keener to negotiate in order to get their property sold. From a buyer’s point of view, there’s nothing more [...]

NZ Herald quarterly report

Today the NZ Herald published a 27 page  supplementary property report. Interestingly while it features most of the north island cities, there is no mention of Gisborne. Even Rotorua and Hastings are cited. I wonder why we are forgotten? However, at least QV have included us in their statistical report. Tomorrow I shall post a [...]

Why would you go to auction in this market?

That’s a question you often hear when the market goes quiet. For many sellers an auction turns out to be a disappointing experience, often leaving a bad taste after forking out money for advertising. But a well run auction campaign can produce a good result, even in a tight market. Watch this week’s video to [...]

Have you paid too much?

Imagine this… You just got the phone call from the real estate agent letting you know that your offer on the house you have your heart set on has been accepted. You paid the GV (Government Valuation, or  RV – Rating Valuation). Did you: A      Pay too much? B      Pay a [...]

Customhouse Street villa sale sets new record

The recent sale of a Customhouse Street villa has set a new record. Selling for $925,000 at a whopping 42% above its rating valuation of $650,000 the sale has gone against the flow of all previous top end sales in Gisborne in 2010. Located in the inner city waterfront area, the 205 sq.m  two level [...]

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