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What’s the current selling market like?

By Craig Catley

There are so many things to love about living on the North Shore – the parks, access to the beach, proximity to Auckland city centre, great schools, the list goes on. However, your situation might dictate that you relocate, possibly for work or to be closer to your family. If that's the case, you may need a quick sale, and you'll want the North Shore property experts on your team to ensure all goes to plan.

It took an average of 32 days around New Zealand for a home to sell, according to the latest data from the Real Estate Institute of New Zealand (REINZ). You might not have more than a month to get out of the country, so you'll want to know that the real estate agent you've entrusted to sell your most valuable asset knows exactly what they're doing. Here at Ray White Takapuna, our vibrant, dedicated team works tirelessly to understand the market so you can get the best outcome.

How is the selling market performing right now?

The Auckland median house price is currently $1,045,362, according to QV, with an increase year on year of 12.3 per cent. Demand is clearly still a driving force behind the market.

Living over the bridge isn't reserved for the rich.

Suburbs like Beach Haven and Northcote offer great value for first-time buyers, and still give you all the same benefits of living on the North Shore. First-time buyers know to look out for suburbs like this, and will be all over a home when it goes on the market – so long as it's advertised sufficiently.

The North Shore has a slightly higher value than Auckland overall, at $1,201,367, which has risen by 11.5 per cent in the past 12 months. That sort of value gain is excellent news for vendors, as they could see an 11.5 per cent return in only one year. Over the last decade even, North Shore home owners will have seen significant value increases that could see them pocket a nice profit to use for their next home purchase. Of course, to unlock the selling potential in the North Shore, vendors will need to target the right audience.

There's often fierce competition to get into the region when a home on the North Shore goes on the market.

Are buyers staying away from Auckland?

As much as Auckland is the most expensive city in New Zealand, it's still a hotspot for buyers. There were a total of 3,224 home sales in Auckland over the past three months – the next highest figure was in Christchurch with 1,125.

Buyers aren't being turned away from Auckland because of the higher median house values.

The median sale price in Auckland is also significantly higher than the median house value in New Zealand, at $782,000. That's an enormous 44 per cent higher than the CV of the sold properties, and shows that higher dwelling values aren't necessarily turning people away from calling the City of Sails their home.

There are plenty of buyers and homes for sale in Auckland, so you need to ensure that your property stands out. Knowing the target audience is only a small part of the marketing and sales game – you also need to make sure you spread the word of your sale to as many interested parties as possible, whether they're in the North Shore area already or not.

For more information about selling in the North Shore, get in touch with the team at Ray White Takapuna today.

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