New listings are coming in thick and fast, and disappearing off the shelves just as fast!
Ōtaki is finally having its day in the sun. Days to sell are dropping, and many sellers are finding ready buyers within 7-14 days! Real depth is developing with buyers, typically we fielded 25 to 30 new enquiries a month, that has now gone up at present to 3 a day! We are now seeing more multi offer situations, and auction once again becomes a viable, successful option.
With more fluidity, turnover, in the market, more Vendors are inclined to enter this market, knowing they have a good chance of achieving a sale
.Flexible pricing is important, as it becomes harder for agents to accurately price a property, and an agent’s worse nightmare is underpricing your home. Think Auction, Tender, Deadline sale, all these methods allow the market to rise to its natural level.
Part of the surge coming through in the market is catch up thinking, part is driven by lower interest rates, but at least a part is real wealth, earned and stacked away, from the steadiness of the Wellington economy, and part at least from the Expressway investment, flowing through our local veins and arteries.
Ōtaki celebrated the opening of two new eateries last week, adding to the bustling food scene of Downtown Otaki. It might be time to bring back ‘Paterson’s Folly’ a closed-off Main Street, with a roof over top, and a ring road to take traffic “around the outside!”
18 Renata Rd, Ōtaki
This mid 80’s home set the style and standard for this, Ōtaki’s finest subdivision, and continues to be fabulous to live in! 3 good bedrooms, large open plan lounge, dining, family & kitchen. Open to private outdoor areas. Ensuite and double garage — 190m2 in total of total quality! Well fenced 653m2 section. Here to sell, with price expectations in the high $300,000’s. To be sold by Deadline Sale, closing 11am Thursday 19th November 2015 (unless sold prior)