May was a month that we felt Jack Frost return from his summer slumber, whilst his fingers wrapped around us at the start of the month, it didn’t dampen confidence on the Canterbury housing market. Whilst the market remained stable, 654 sales saw a significant 17.6% jump in sales from April with the median sale price static at $452,500. The five-year trend line continues to inch North reassuring both buyer and vendor alike. This surge in sales provides evidence that investors are returning on the back of our coalition Government not going with Dr Cullen’s recommendation on a CGT (Capital Gains Tax). First home buyers remain active but are bound by borrowing restrictions as the banks take a cautious approach around the historically low-interest rates provided. Our auction results continue to be pleasing with clearance rates up and those with their finance in place, securing excellent results within our rooms. Days on market has increased by 1 day to 40 days, indicating our marketing method timeframes are lengthening due to the vendor and buyer price expectations out of alignment. Whilst many take a conservative approach during the colder months, those who like to purchase property without the summer competition are securing great properties. Driving through our great city, it’s exciting to see new buildings completed or near completion. Our residential sales teams are listing more and more properties within the four avenues and businesses are starting to return to the CBD. Accommodation projects are taking shape, and the hustle and bustle is returning. Like anything starting again, our hospitality sector as well as retail needs your help to get going. They rely on us to visit the CBD, to explore our heart and enjoy what’s being created. Please remember, property listings are the lifeblood of any Real Estate business and the volume of listings coming into Harcourts across the city continues to track well. Harcourts continues to be the preferred company across the city with close to every second new property to the market being listed by your city’s favourite company, Harcourts. We are proud to support Pegasus Toy Library Incorporated with a donation through the Harcourts Foundation, which will provide education to the children.
We are also proud to support the Hornby Rugby Club with a donation through the Harcourts Foundation, which will provide sporting equipment to the club. No matter what the cause, the Harcourts Foundation provides support to hundreds of organisations, enriching the lives of thousands of people in our communities. To find out more or apply for a grant, click on the link below: www.HarcourtsFoundation.org Harcourts Four Seasons has nearly 90 sales staff, including more than 20 who specialise in rural and lifestyle properties. Franchise’s co-owner Greg Roberts says the economies of scale inherent in being part of the country’s leading real estate brand have important benefits for clients, as agents are equipped with the latest data, first-class training and a massive network for marketing. But just as important for Harcourts Four Seasons’ consistently above-market results has been the customer-centric approach of their team, he says. In Waimakariri District, the average lifestyle property sold by Harcourts Four Seasons goes for 9 per cent above the market average. In Hurunui, it's 14 per cent. Stable conditions suggest sales this winter should match those of recent years, Greg says. “Given the improvements to the roading network into and out of Christchurch, we’re confident in the continued popularity of North Canterbury.” The personal touch at the heart of the franchise’s success can be traced to their deep roots in North Canterbury. “Our rural/lifestyle agents have all owned, lived or worked on lifestyle properties or farms, and they're all active in their local communities,” Greg explains. “It’s what we’re all about.” * Harcourts Four Seasons has offices in Hanmer Springs, Kaiapoi, Rangiora, Belfast, The Palms, Hornby, Lincoln and Rolleston. To get in touch, phone 0800 789 1011, email [email protected] or visit them online at harcourtsfourseasons.co.nz. |
James Twiss
Licensed Business Owner of Harcourts Four Seasons Realty 2017 Ltd Greg Roberts
Licensed Business Owner of Harcourts Four Seasons Realty 2017 Ltd Archives
September 2020
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