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 [...]
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 [...]
Quarterly results – good insights
Sales over the second quarter (April – June) were at the same number of the previous five quarters, around the 100 sales mark. Compared to the peak during 2006 / 2007 of double that, it seems that these levels of activity is the new norm. Median sale prices continue to be around the low to [...]
Busy week posts good results
Last week LJ Hooker Gisborne hosted six auctions. While the auction hammer only feel on one, there was a lot of buyer activity on most of the others. One sold after the auction and another is now under contract. The mortgagee sale was cancelled at the eleventh hour. Three bidders chased one property and two [...]
