Dear Resident,
The number of sales of dwellings including apartments in Waitakere City for June was 256. There were 94 sections sold. The median selling price was $776,000 and the average days to sell was 33.
| Sale Prices | |||
| Suburb | Median selling price June 2017 |
No sold | Days to sell |
| Green Bay | $1,028,000 | 7 | 28 |
| Titirangi | $818,000 | 27 | 28 |
| Sunnyvale | $746,000 | 9 | 64 |
| West Harbour | $864,000 | 17 | 30 |
| Hobsonville | $1,190,000 | 6 | 37 |
| Henderson | $744,000 | 34 | 31 |
| Massey | $725,000 | 23 | 29 |
| Ranui | $672,000 | 13 | 50 |
| Swanson | $1,300,000 | 5 | 42 |
| Te Atatu Peninsula | $956,500 | 24 | 30 |
| Te Atatu South | $806,500 | 26 | 30 |
| Glen Eden | $711,000 | 28 | 29 |
| New Lynn | $723,000 | 24 | 33 |
Capital Gains June 2012 – 2017 Median Prices
Ranui 121.1%
Sunnyvale 90.6%
Massey 99.9%
The number of property sales in Waitakere City has fallen to 256. There has only been 2 June months with lower sales numbers in the last 20 years, which where June 2008 and 2010.
It is now 10 months since the 40% LVR was introduced and there are no signs of the market speeding up again at the moment. The uncertainty caused by the coming general election in September will certainly be a contributing factor.
With net migration still running at record levels (close to 73,000) and a big shortage of homes in Auckland plus builders and related trades shortage it seems that prices will begin to rise again but probably not until after the
general election.
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
021945140
thelegendofthewest@gmail.com