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 [...]
Sellers don’t set market value
A fundamental truth that sellers need to understand is this. When you are selling your home, you don’t set the market price. It’s the buyers that do this. Houses are a commodity market, that is, there are plenty of them available for buyers to choose from. If your home represents good value, then buyers will [...]
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 [...]
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 [...]
Gisborne’s flat market is not alone
While Gisborne has recently seen a fall in the volume of house sales, so too has the rest of the country. It looks as though the slow market is a nationwide phenomena. This article appeared in the NZ Herald this morning. I endorse Olly Newland’s comments. Uncertainty over next week’s Budget with its potential for [...]
