SEPT 2023 | MARKET STATS

While the holiday season creeps closer by the day, here is your latest Market Update for  the North Shore, Rodney and North West Markets.

Stock levels still remain low, however we are seeing the market pick up. More and more listings are starting to come onto the market post election and buyers are out in force. Our auctions last week had an incredible 87% of auctions sold under the hammer.

During September the North Shore sees a median price of $1,250,000 an increase on the prior month of 1.13%, and an increase on the prior year of 31.6%. Median Days on Market sitting at 36 days and we can see a decrease with it taking 3 less days on average to sell when compared to the previous month and 9 days less than the year prior. When it comes to the Number of Sales the North Shore sat at 254 sales for the month which was a decrease of 9.61% on the prior month.

Out west in the Waitakeres the median sale price was up 3.62% to $915,000, increasing from $900,000 the prior month. Days on Market taking 8 days less on average at 39 days. Number of Sales shows a similarity to the North Shore market with a 9.69% decrease in sales to 289 when compared to the previous month.

Up the Coast in Rodney the median price is sitting at $1,115,000 down a slight 0.45% on the prior month. However, Days on Market did decrease by 4 days when compared to the prior month sitting at 47 days on average. Looking at the Number of Sales, a difference as to what we have seen on the North Shore and Waitakere markets with a 9.15% increase in sales in comparison to the prior month, Number of Sales sits at 179.

Across the board, the average sale price can be seen increasing or holding steady and days on market decreasing. Buyers are certainly out in the market and we are seeing more feet through the doors at open homes.