Sue Hall

"My reputation is your guarantee"

"Sue Hall recently acted for me with respect to the sale of one of my properties and she had also previously acted for me with the sale of another property. I must say that it has been a pleasure to deal with Sue. She is courteous, efficient, very direct and business like with her statements and communicates regularly. As a busy..."

- John

"Great company, great resources and great people. Sue has managed to sell our house within only the two month period we agreed upon. The sale became unconditional within seven days and Sue managed to keep our lovely tenant in place, as we had promised them. Great job! Thank you Sue and your team. "

- Mujiono family
More testimonials »

Hamilton's Residential Housing Market is Shifting in Favour of Sellers

26th Apr 18

 

Lodge Real Estate’s Managing Director Jeremy O’Rourke says Real Estate Institute of NZ statistics released on 17 April show Hamilton’s residential housing market is shifting in favour of sellers.

“March was a very strong month for home sales in Hamilton and buyer demand continues to rise. There were 344 homes sold in Hamilton during March and that compares to just 291 in February and 336 in March 2017.

“However, home listings have not kept up with those sales. On 1 March, there were 792 homes available for sale in Hamilton and on 1 April the number listed was still the same at 793. This supply-demand imbalance means the power has shifted slightly toward sellers in the Hamilton market,” says O’Rourke.

As reported by the Real Estate Institute of NZ (REINZ) on 17 April, Hamilton’s median home price increased during March to $535,000 which compares to $522,000 in February and $540,750 in March 2017.

Mr O’Rourke says digital and social channels are impacting the speed with which buyers respond to properties new to market. This, he believes, is a primary reason for the rise in multiple, competitive offers being presented to home sellers so early in the marketing process.

“This year, in particular, we’ve seen an increase in the number of multiple offers coming in on quality home listings. This is much different than, say, five years ago. And we’re putting it down to the transference of marketing dollars from print to social and digital channels.

“Marketing channels, like Facebook and Google, are changing the way home listings are put in front of people who weren’t necessarily thinking about buying a new home – people we refer to as passive buyers. Traditionally the newspaper was the most effective way of reaching these buyers.

“However, the power of these digital channels, when used effectively, means when a listing goes up online, we are often seeing multiple offers on quality properties before the Saturday papers hit letterboxes. This is one more example of how the power of Facebook and Google is changing consumer behaviours – in this case, in how buyers, sellers and agents interact in the real estate market,” O’Rourke explains.

^ top
Filed under Hamilton / Waikato \ Real Estate

Related posts

Leave a comment

Fields marked * are required

Sue Hall's Blog

How is the Real Estate Market looking following Covid-19?

Though it is always difficult to have a crystal ball when it comes to predicting the real estate market, there are several historical factors we can look at when evaluating the market moving forward.  A number of comments in this blog have come from trusted sources and experiences of those who have had lengthy careers in the Real Estate industry, including working through the previous Global Financial Crisis.

Read More »

Covid-19 and Your Property - What You Need to Know

For answers to the frequently asked questions regarding Covid-19 and Real Estate, please visit this informative article from Lodge Real Estate.

Read More »

Balloons Over Waikato 2020

It was with extreme disappointment and heavy hearts that the organisers of Balloons Over Waikato announced that all public events, including morning inflation and the Nightglow have been cancelled. "As per the Government recommendations in regards to mass gatherings, Balloons over Waikato have made the decision to cancel public attendance at Innes Common for morning flying, The University of Waikato for Nightglow, and all other sub events associated with the Festival."

Read More »

Ruakura Inland Port Set To Open In Two Years

An inland port the size of Auckland's CBD in Hamilton is one step closer with Tainui Group Holdings and Port of Tauranga joining forces to open at Ruakura within two years.

Read More »

Waitangi Day 2020

The 6th of February every year is Waitangi Day.  This day is the most important marker in New Zealand’s history and commemorates the first signing of Te Ririti o Waitangi, The Treaty of Waitangi. Waitangi Day is a day to reflect on the controversy that surrounds the Treaty of Waitangi – Throughout history and within today’s society, how this has affected all New Zealanders and how it has shaped the country in which we live today.

Read More »

More Blog Articles »