What a fascinating property market we saw in January here in the very hot and sunny Bay. It hasn’t just been temperature records that have been broken, we continued to see the confidence in our region and housing market grow with asking prices up 1.6 percent to reach an average sale price of just over $637,000.
The latest Realestate.co.nz stats showed January looking a little quieter compared to January 2017 with 466 new homes coming onto the market, a 12.6 percent drop. This isn’t unexpected as we’re comparing to a local property market that has been incredibly active in the last few years.
Interestingly the media around the Bay of Plenty being ‘unaffordable’ doesn’t seem to have dampened online interest, with the majority of viewers coming from Auckland, closely followed by Bay of Plenty locals and Wellington in third place. This is a good reminder to make sure property marketing campaigns are national, not just local.
If we can assist in anyway then call your local EVES agent.
EVES, more people selling more property in 2018.