Whangarei City Real Estate Sales Numbers Explode

I guess if things are held back for long enough then the time will come for an explosion. That looks like what the news will be next week when the sales figures for March are released. After just breaking 50 for the city in February preliminary figures for March look like we will hit close to 90, if not crack it. That’s an increase of over 70% on last month! County sales were also strong with 32 loaded to date.  Man, it’s good to be eating again.

The last couple of months have been busy and there is some lag between this activity for the figures to reflect. A sale can take any amount of time from signing to unconditional – a majority do involve a LIM, finance and maybe a specialist report, so will be around 15 working days or so. There are also a lot more ‘clean’ offers where there will be few if any conditions which can make it more palatable to the owner to accept, as they can then move on. Great interest rates and with prices having come back, more affordable homes have also had an effect. Also realistic asking prices for newer stock as there is more evidence to show where values really do lie

So what’s next?
As always, anyone’s guess and there are plenty of anyones! The government is trying hard to keep long term rates down as they can see a stall coming back. There are still companies shedding staff locally and worldwide, but life goes on and people still move. My prediction – I’ll be busy – I’ll use hindsight for the rest