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 [...]
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 [...]
Finger on the pulse
As the year comes to an end, it seems there is an increase in sales activity in the residential property market in Gisborne. A few agencies are reporting more sales, however the auction clearance rates are showing a mixed bag of results. LJ Hooker Gisborne has posted 11 residential sales for December, following on from [...]
Ballance Street auction sells
124 Ballance Street, Gisborne sold under the hammer at auction yesterday for $335,000. There was good interest shown in the property throughout the 4 week marketing campaign with over 25 inspections and on auction day 3 buyers bid. “I knew there was going to be keen interest to own the property,” said marketing agent Neil [...]
November median picks up
The median sale price for a residential property in Gisborne was $245,000 (November 2011). The was up on previous months and was more a reflection on the greater number of higher end sales rather than a lift in market values. Sales volumes were low (29 sales with no sections sold) and average days on market [...]
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 [...]
Prime riverbank home
Hidden away on a rear site this riverbank property is the perfect retreat from our busy world. At 6 Marian Drive, Gisborne, time seems to stand still. You experience the calming effect of just being here. Mature trees play host to incredible bird life and while the gardens on this 2000 sq m are established, [...]
Spirited bidding at 2 auctions
Two residential properties were keenly sought after recently. 763 Gladstone Road, Te Hapara and 20 Mill Road, Te Hapara both sold under the hammer (on separate occasions). Both properties drew good responses and multiple bids were place on each of them. 763 Gladstone Road is best described as a 3 plus bedroom 1960′s bungalow. Located adjacent [...]
Good auction results
This week LJ Hooker Gisborne had 2 residential homes up for auction. Both sold. 51 Ormond Road, Gisborne sold prior to auction for above $210,000 and 87 De Lautour Road, Gisborne sold shortly after auction for above the $110,000 that it was passed in for. While both properties drew limited interest, the owners in both [...]
