With a slight increase in the supply of residential property to the market of 0.8% by comparison to the same period in the previous year and a slight decrease in the average asking price of 5.1% by comparison to the previous month (source: Realestate.co.nz monthly property report), these stats would suggest we are in a balanced period between willing buyer and willing selling.
However, in conversations with many of our expert teams, they tell me they have many buyers who are frustrated because in certain price ranges there simply isn’t enough property to look at with the features they need in their next property.
Interest rates remain at some of the lowest rates ever. The region’s GDP continues to track ahead of the whole country at 3.9% vs NZ 2.7% (Source: Infometrics quarterly monitor for Tauranga City).
So, is this a good time to sell?
I believe that if you need to be sold before Christmas, you should want to take advantage of the sun’s magic on people’s moods.
Also remember that many buyers will want to be in their new property before Christmas.
So then, the answer is yes. Now is the perfect time to call your local EVES agent.
EVES - Exceptional. Every day.