Market recovery on the way
The sales activity for the first quarter 2012 show a 15% increase in the number of houses sold in Gisborne. After a sustained period of fewer sales during the past 18 months, the indicators are pointing towards recovery. While the number of sales are well off the high volumes that we saw 5 to 7 [...]
Strong Lift in March Sales
There was a significant lift in the number of houses sold in Gisborne during March 2012, up to 46 sales. This is the highest level of monthly sales activity since 2 years ago and it was not just a recovery spike following on from a previously weaker month. Sales activity is up. More houses are [...]
Auction Results 21 & 22 March
Six properties were offered for sale by auction this week at LJ Hooker Gisborne. All six were residential representing a cross section of available homes. There was a 50% success rate under the hammer. 18 Ruru Avenue sold for $265,300 after four bidders sought to own the low maintenance 3 bedroom home in Lytton West. [...]
Lift in February Sales
February posted a 37% increase in the number of sales over the previous month. There were 10 mores houses sold in Gisborne bringing the total to 37 residential homes sold and 2 section sales (both in Sponge Bay). The highest recorded sale was at Wainui Beach selling for $927,000 and the lowest was a home [...]
Good Result in Grant Road
53 Grant Road in Whataupoko, Gisborne sold under the hammer after a handful of bidders showed their intent to own the property. The 1960′s split level four bedroom home was strongly contested for, before the auction hammer felt on a $443,000 final bid. Over 50 parties inspected the property during the four week marketing campaign. “The response has [...]
Actual Sales January
Here are the properties that sold in Gisborne during January 2012.For privacy reasons the street numbers are not shown. If you would like more detailed information, please send me an email. Neil Walker : nwalker.gisborne@ljh.co.nz
Steady Sales in January
There were 27 houses and 2 sections sold in Gisborne in January 2012. That is about the same monthly level for sales during 2011, where the average monthly total was 30 house sales. The highest sale was a beachfront property at Wainui Beach that sold for $1,050,000 and the lowest sale was a property in [...]
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 [...]
