Perhaps the result of the lasting impression left by the local elections, we have noticed a distinct community focus this month at Bayleys Ponsonby, as we have been busy supporting the local Inner-City Arts Programme and Bayleys’ Beyond Auckland property expo, all while dissecting local sales figures for the month of September.
The programme, dubbed ‘through the eyes of a child’ offers both primary and intermediate aged students the chance to show-off their paintings, sketches, sculptures and otherwise fabulous creations at individual exhibitions, which are later combined for display to the public in the local New World.
Providing book vouchers for around 20 prize-winners, as well as man-power transporting and collating the masterpieces, the team at Bayleys Ponsonby especially loves to see how the programme engages the children, growing their confidence and nurturing their original ideas.
In support of the wider New Zealand community, we were fortunate to be a part of the Bayleys Beyond Auckland property expo which was held at Bayleys’ offices in Remuera over the weekend of 15-16 October.
The exhibition, with the aim of showcasing property throughout the regions, sought to educate buyers about their property options, including investment in property outside Auckland, from rural to waterfront and businesses for sale.
Timely then, that Beyond Auckland fell in conjunction with the new sales statistics released from the Real Estate Institute of New Zealand (REINZ), which recently showed that the rise of the regions is alive and well.
It comes as some reprieve that throughout the country, property sales hit record highs, and the REINZ reported a new national median of $515,000 - with six of the 12 regions including Northland, Wellington and Otago recording record median sale prices.
A little closer to home, Auckland sales dropped by 3% - although it is worth considering that this is the regional average. When individually analysed, we find that sales in the central isthmus, which include Ponsonby and its nearest surrounds actually continued to rise, with a 3.9% increase on August’s median sale price.
While the latest round of data from REINZ shows slightly less wind in Auckland’s property sales, residential property in Ponsonby continues to secure premium prices thanks to the proximity to Auckland city, schooling and amenities, along with the calibre of housing, and Ponsonby’s reputation as a desirable community.
With only a mere few weeks until the holiday season opens, November is traditionally the last push for the property market before buyers and sellers take a break over the holiday season. If you are looking to capitalise and showcase your home before the end of 2016, speak to us about how we can expedite a stress-free sale, just in time for Christmas. (Karen Spires)
Karen Spires is a Bayleys Real Estate ‘Top Achiever’ - placing her sales data among the top five % of salespeople within the company.