23 Sales in July
There were only 23 residential homes sold in Gisborne during July 2011. That’s well down on the recent 30 to 35 of previous months. The highest sale price was $395,000 for a 4 bedroom home in Te Hapara. Normally we would expect to see a lot more higher sale prices than this. The lowest sale [...]
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 [...]
Spirited bidding on Moana Road
58b Moana Road sold on Wednesday for $335,000. Located on the Pacific Highway at Okitu, Wainui Beach Gisborne, the three bedroom ”initial home” drew good interest from half a dozen bidders before it sold under the hammer at the on site auction. A local resident purchased the property. “Being offered as a mortgagee sale drew [...]
Tuahine sells at auction
5 Tuahine Crescent, Wainui Beach Gisborne sold today under the hammer for $401,000. Among the crowd of about 30 folk gathered on the lawn, two bidders competed for ownership before the hammer fell. Bidding opened at $300,000 and stopped short of the reserve. Brief negotiations followed before the bid was increased to $401,000 and then [...]
Good buying in Kelvin St
This week 2 Kelvin Street, Inner Kaiti, Gisborne is offered for sale by auction. The 3 bedroom 1960′s bungalow is well presented and provides an opportunity to buy in a good neighbourhood at an affordable level. Internal access is provided from the single garage / workshop and the recent interior spruce up has resulted in [...]
NZ Herald Quarterly Property Report
See if you can get your hands on a copy of the New Zealand Herald Property Report, a quarterly guide to house prices and great places to live. Unfortunately it is not available online. It comes in today’s NZ Herald, as a supplement. The data is gathered from QV, who releases information on settled sales, [...]
28 house sales for April
There were 28 reported house sales in Gisborne during April 2011. There were also 3 sections sold. House prices ranged from $68,000 in Kaiti to $1.1m+ in Salisbury Road. The most interesting observation was all but 5 properties sold below their most recent rating valuation which were set in 2008. The highest of those 5 [...]
Kiwi classic sells
The classic kiwi bungalow in 3 Cobham Place Te Hapara, Gisborne sold yesterday after spirited bidding from 3 buyers reached $262,000. The 4 bedroom brick home drew a good crowd and when bidding opened at $160,000 it didn’t take long before it was over $200,000. It looked like there were only two bidders interested until [...]
Kiwi classic draws interest
As the marketing campaign draws to a close, 8 Cobham Place Te Hapara is drawing strong buyer interest. The traditional brick bungalow has the appeal of being a solid, well build family home in a good location. “I expect to see the hammer fall on auction day on Wednesday 13 April ,” said sales agent [...]
A great auction but it didn’t sell
Last week 28 Fergusson Drive was offered for sale by public auction. Despite there being 3 bidders and other interested parties at the auction the property did not sell. Bidding started under $200,000 and reach $233,000. However the owners reserve price was above this so the property was passed in. It now has an asking [...]
