Could you benefit from a sale this spring?
Traditionally the busiest period for residential real estate transactions, the spring selling season is just around the corner, but does traditional still apply in 2020?
Buyer appetites
Underpinning New Zealand’s residential housing market following COVID-19 disruption is a strong appetite from buyers eager to capitalise on record low interest rates, the temporary removal of loan-to-value restrictions, and extra money saved on overseas travel.
Strong open home attendance, inquiry numbers, and less time properties are spending on the market all point to an eager pool of buyers ready and willing to take the plunge before the Christmas and New Year break.
Supply
The well-documented difference between supply and demand across New Zealand’s residential housing market has been the catalyst for significant legislative and policy change, transforming our urban boundaries and building processes to create more homes.
However, these changes, further impacted by disruption to our building and construction industries take time to evolve, and demand for quality property continues to outstrip supply, creating competition for well-positioned homes.
If you are considering selling, contact me to discuss our very competitive 'local' rate.
Roger Sumich - Bayleys Whangaparaoa - 029 6666 666
roger.sumich@bayleys.co.nz
Poll: Does a savoury scone require cheese on top, or folded inside?
Help settle the great kiwi debate ... cheese on top, or folded inside?
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76.6% Inside!
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23.4% On top!
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