In reviewing the residential sales for Canterbury in the 2nd Quarter of 2011, April and May showed a good increase in activity and sales post February and March. The aftershock on 13th June 2011 saw sales volume figures for June 2011 decline, unlike the periods following September 2010 and February 2011, this was less significant.
When peeling back the sales statistics we still have two distinct markets in the City, plus the outer districts of Selwyn and Waimakariri to illustrate this.
Number of House Sales June 2011 June 2010
Hill, Central & Eastern Suburbs 87 231
North & Western Suburbs 175 242
Selwyn Districts 36 40
Waimakariri 79 59
The sales market activity increased significantly following the Government’s announcement on 23rd June to purchase Red Zone residential properties. This Government decision has given 5000 people the opportunity make future housing decisions.
The owners of Red Zone residential properties are considering future housing options, this is evidenced by increased website inquiry, greater open home attendance and subsequent written sales.
The finalisation of assessments in the orange and white zones will create a steady stream of people who will be able to also make decisions.
Demand for homes in the North and West of Christchurch is putting pressure on supply. New properties coming to the market are attracting strong interest.
In this increasingly competitive rental property market, it’s essential to raise the bar on your marketing. One of the most effective ways to achieve this is by showcasing your property via stunning photography. Here’s a few tips (that won’t cost the bank) to get you started! Time of the day … Read more
The Healthy Homes Standards (HHS) became law on 1 July 2019 and comprise of a set of standards for heating, insulation, ventilation, moisture and drainage, and draught stopping in rental properties. The Government recently announced a deadline extension to the HHS. What does this mean for property owners that are … Read more
Market Comment July/August 2011
In reviewing the residential sales for Canterbury in the 2nd Quarter of 2011, April and May showed a good increase in activity and sales post February and March. The aftershock on 13th June 2011 saw sales volume figures for June 2011 decline, unlike the periods following September 2010 and February 2011, this was less significant.
When peeling back the sales statistics we still have two distinct markets in the City, plus the outer districts of Selwyn and Waimakariri to illustrate this.
Number of House Sales June 2011 June 2010
Hill, Central & Eastern Suburbs 87 231
North & Western Suburbs 175 242
Selwyn Districts 36 40
Waimakariri 79 59
The sales market activity increased significantly following the Government’s announcement on 23rd June to purchase Red Zone residential properties. This Government decision has given 5000 people the opportunity make future housing decisions.
The owners of Red Zone residential properties are considering future housing options, this is evidenced by increased website inquiry, greater open home attendance and subsequent written sales.
The finalisation of assessments in the orange and white zones will create a steady stream of people who will be able to also make decisions.
Demand for homes in the North and West of Christchurch is putting pressure on supply. New properties coming to the market are attracting strong interest.
Tony McPherson
Director
Ray White AJ McPherson & Associates Ltd
Licensed (REAA 2008)
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