News

Market Update – Sales

By Liam O'Boyle

The second quarter of 2012 has seen sales activity continuing to be strong, with over 600 house sales in Christchurch and over 1000 in Canterbury/Westland in the month of May.  Sales volume is the key indicator as to the level of strength in the market place.

Median PriceJune 2012June 2011
Selwyn District$437,500$377,000
Waimakariri District     $350,000$310,000
Rangiora$339,000$301,250
Christchurch City$348,000$330,000

As the median price has increased in all of the above four areas with the greatest level has been in the outer regions; Selwyn, Waimakariri Districts and Rangiora. Christchurch City has had a lesser increase in the median price, rising 5.5% from June to June over the past 12 months.

Strong buyer inquiry is having to compete in a tight selection of properties for sale. There has been no normal seasonal slow down in the market.

Up to Date

Latest News

  • Real Estate Negotiation 101: How to Talk Turkey When Investing or Renting

    Unlike everyday retail transactions, the purchase and rental of investment properties features a great deal of negotiation in the search for common ground and agreement. The better informed and the friendlier you are, the further you will get, regardless of which part of the tenancy agreement you sign. But here … Read more

    Read Full Post

  • Reading Body Language to Understand Tenant Psychology

    When expressing our attitudes and emotions towards something, our non-verbal language can account for over 90% of our overall message. Observing someone’s physical body language and listening to the way they speak uncovers a great deal about what they really think. Used correctly, this type of insight can be valuable … Read more

    Read Full Post