Dear Resident,
The number of sales in Waitakere City in November was 335 which was up on October but well below the September figure.
The median selling price was $711,500 up $6,500 from last month. The average days to sell was 30 days which was 2 days less then last month.
Clearly the downward trend in prices was as I predicted, very temporary. The reserve bank dropped the OCR by 0.25% this month and this will add fuel to the price rises fire which was far from extinguished.
Look out for significant price rises in the new year!
Capital Gains November 2010 – 2015 – Median Prices
Te Atatu South 99.7%
Green Bay 111.0%
West Harbour 107.9%
Do you want to know the value of your property? Its probably worth more than you think. Contact me for a free no obligation value update.
Best wishes,
John Goodrum
Licensee Agent REAA 2008