This monthly newsletter includes the latest Harcourts Northern Region statistics along with comment from Harcourts NZ CEO Hayden Duncan and Harcourts Northern Regional Manager, Josephine Kinsella on region’s property market.
This month read about the commercial and rural markets plus the average price for rentals in Auckland.
Today Harcourts franchise Jenner Real Estate will take their brand into the seaside village of Mangere Bridge.
Officially re-opening today under the brand Jenner Real Estate this will be the second office for Jenner Real Estate. The office has been an existing Harcourts office for the last fifteen years and a desire to take the business to the next level was the catalyst for the ownership change.
Company Director of Jenner Real Estate Stu Jenner says his time in the industry has seen a lot of variations.
“Over my 25 years in the industry I have seen Mangere Bridge take on many guises but it is an up and coming suburb that continues to retain its tight knit community spirit. The community aspect is huge in Mangere Bridge.”
The rebranded office in Mangere Bridge will have five sales consultants and administration support covering residential and commercial sales plus property management.…
National figures continue to show an escalation of the housing market as it recovers from seven year lows. As we move into the busiest time of the real estate calendar we anticipate more of the same in the coming months with written sales increasing 12.7%, new auctions up 25.2% all driving competition to increase the average sale price up 2.3% on this time last year. To look at the results nationally is unfair given we are seeing different drivers affecting the cities and regions in different ways.
Hayden Duncan, Harcourts New Zealand CEO
For an update and the statistics on the regions CLICK HERE
Disclaimer: All Harcourts MarketWatch figures are current to the end of the reported month and are compared to the same month ended for the previous year. ‘Written Sales’ is defined by all sales brought to contract status,
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View the latest NAI Harcourts Market Leader by CLICKING HERE
In this issue….
Budding commercial market
Quality commercial properties with long-term leases remain in demand around Auckland while activity starts to pick up in the Northland region.
Exciting times for NAI Harcourts Whangarei
The sun is shining around Whangarei in many ways for the all new NAI Harcourts Whangarei team
Commercial going green
LED lighting, green walls, water collection…Could the commercial property market be making moves toward sustainability sooner than we think?
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On the 27th of August 2012, Hospice West Auckland announced that they would be selling their original Hospice property in Woodford Avenue, Henderson and on Sunday the 30th they did – for $1,400,000.
With generous support from Harcourts West Auckland’s Blue Fern Realty, and Harcourts business partners, the six bedroom house on a 2407m2 site was marketed widely and sold well above its rateable value.
“The bidding started at $500,000 and the property sold under the hammer after being called ‘on the market,’ at $810,000, significantly over its $570,000 Rateable Value. The final sale price was $1,400,000 which blew away the crowd – as well as the vendor’s expectations,” said Cynthia Sherwood, Harcourts Blue Fern Sales Manager and agent for the property.
Zoned residential, Miss Sherwood said the buyer clinched a great property after an exciting bidding battle.…