We reached the ‘300 offers drawn up and negotiated’ mark this week. This is just a short 7 years since we started our office in Otaki. A huge thank you to all those Sellers and Buyers who have placed their trust in First National Otaki, and have achieved a great result.
Our ‘points of difference’ have once again been:
- The seamless connection between the appraiser, lister, marketer, reporter, negotiator, and after sales service person.
- No information is lost because all parts are performed by the one person!
- Our deep and abiding passion for, and knowledge of our local area.
- The huge experience we have gained from 28 years of professional service in the Real Estate Industry
A statistical view of the 2014 year
This year we have signed, dated and agreed 45 sales in our office:
- 3 Sales for developers
- 7 Sales due to job transfer
- 18 Sales due to downsizing, death or retirement
- 5 Sales due to separation or divorce
- 6 Sales by investors
- 6 Sales to those upgrading
- 1 sale to first home buyer
So where have the buyers come from?
Kapiti Coast 14, Greater Wellington 19, Overseas 5, South Island 2, Auckland 5. The mix and reach of buyers just keeps getting broader, due largely to the wide dispersal of information through the internet
Auckland enquiries turn into buyers
We mentioned a few months ago that there had been an upturn in enquiries from Auckland, these are now being converted into sales. Other First National offices are reporting the same lift. The increased wealth of Aucklanders, based principally on the immigration boom, is now spreading across the Country.
New Rating Valuations cause upset
This latest revaluation has caused greater debate and consternation than ever before, mainly due to the fact that prices have been hugging RV for the last few years. A drop in Valuation is almost always followed by a drop in prices.
The ‘rule of thumb’ for this round is that the properties in the $800,000 to $1.5m range have dropped about $70-$100,000, the $400-$800,000 properties have remained stable or dropped up to $30,000, while those under $400,000 have stayed stable or gone up $10-20,000. Most of the decrease has been in ‘land value’ the ‘improvements value’ has often increased to make up This reflects sales results over the last 12 months, the top end of the market has been tough going, the middle range ‘soft’ and those below $400,000 have been trading well.
Thank you, God bless, Merry Christmas
We are very grateful for the business and friendships we have shared this year.
We thank our Customers for their continuing support. Our office will be closed from the 24th December 2014, and re-open on the 12th January 2015. We will of course be available for your contact by phone at all times.