Initial unaudited sales statistics for Harcourts New Zealand from August 2009 show that both sales numbers and price levels continue to track at similar levels to recent months and well ahead of the levels of 2008.
Our offices completed 38% more written transactions during August 2009 than August 2008 with the highlights being the Northern Region of the North Island, (Pukekohe north) being up 69% and the Central North Island up 56%.
Christchurch also featured with a strong 48% growth while the Lower North Island was more subdued at 17% ahead.
The South Island provincial areas continue to be, in general, left out of the increase in volume with their numbers at similar levels to 2008.
These variations between regions often reflect a number of influencing factors including how dramatically impacted each area was during the downturn and also local economic factors, such as the rural economy and tourism as two obvious examples.
When we judge August 09 against July 09 see all markets relatively stable in regard to activity apart from the Northern region where sales numbers are ahead by 12%. This is a combination of both a more active market here in our largest city and, we believe, strong market share growth for our team in Auckland.
As per usual there are plenty of opinions available as to what will happen in the future in regard to price levels and number of sales, the reality is most of these predictions come from individuals with agendas, hidden or otherwise. We prefer to report facts as to what is actually happening right now so if you are a buyer, seller or commentator we hope these early statistics are useful to you.
A full audited report will be available through this blog and also on the Harcourts newsroom on approximately September 14th
In addition Alistair Helm from www.realestate.co.nz has a comprehensive full market report available on his blog, Unconditional, well worth a read!
This entry was posted on Tuesday, September 1st, 2009 at 12:26 pm and is filed under Business News, Real Estate Industry Comment, Real Estate Market Comment, Real+Estate. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
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August Real Estate Statistics
Initial unaudited sales statistics for Harcourts New Zealand from August 2009 show that both sales numbers and price levels continue to track at similar levels to recent months and well ahead of the levels of 2008.
Our offices completed 38% more written transactions during August 2009 than August 2008 with the highlights being the Northern Region of the North Island, (Pukekohe north) being up 69% and the Central North Island up 56%.
Christchurch also featured with a strong 48% growth while the Lower North Island was more subdued at 17% ahead.
The South Island provincial areas continue to be, in general, left out of the increase in volume with their numbers at similar levels to 2008.
These variations between regions often reflect a number of influencing factors including how dramatically impacted each area was during the downturn and also local economic factors, such as the rural economy and tourism as two obvious examples.
When we judge August 09 against July 09 see all markets relatively stable in regard to activity apart from the Northern region where sales numbers are ahead by 12%. This is a combination of both a more active market here in our largest city and, we believe, strong market share growth for our team in Auckland.
As per usual there are plenty of opinions available as to what will happen in the future in regard to price levels and number of sales, the reality is most of these predictions come from individuals with agendas, hidden or otherwise. We prefer to report facts as to what is actually happening right now so if you are a buyer, seller or commentator we hope these early statistics are useful to you.
A full audited report will be available through this blog and also on the Harcourts newsroom on approximately September 14th
In addition Alistair Helm from www.realestate.co.nz has a comprehensive full market report available on his blog, Unconditional, well worth a read!
This entry was posted on Tuesday, September 1st, 2009 at 12:26 pm and is filed under Business News, Real Estate Industry Comment, Real Estate Market Comment, Real+Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.