A local estate agent has confirmed the findings of the latest data from the Real Estate Institute of New Zealand (REINZ), which shows that the traditionally quiet winter months in the southern hemisphere have no yet materialised.
“Once upon time winter was the off-season for real estate, but not any more particularly in Auckland,” says Geoff Barnett, national manager for Century 21 New Zealand, in light of REINZ figures for June 2015, which show sales volumes in the city up 21% year-on-year.
REINZ also reports that the time taken to sell a property has also improved over the last 12 months, down from 34 days on average to 29. The median price in the Auckland region increased by a staggering 26% in the same period.
“It’s fair to say our Century 21 offices around Auckland are generally much busier this winter than usual,” remarks Barnett. “Not only are we seeing more buyer inquiries but we’re seeing a few more listings. However, we can’t get nearly enough listings to keep up with this relentless demand so we’re actively encouraging people to consider selling this winter and not wait for summer to roll around.”
Barnett also sees buyer interest adapting to higher prices. “As people get priced out of the central Auckland suburbs, our offices further afield in Auckland are experiencing more inquiries as are the likes of the Waikato as Auckland buyers head to the regions.”