market review spring
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8/3/2019 Market Review Spring
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Market ReviewMt Alber t
J a n u a r y - S e p t e m b e r 2 0 1 1
Anne Duncan021 996 426846 [email protected]
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Anne Duncan has a wealth of local knowledge and experience havinglived in the area for most of her adult life.
Girls run in the family, with Kate, Emma, and Helen all attendingFerndale Kindergarden, Marist Primary then Marist Collegebefore going onto University. Granddaughter Kayla is the newestaddition to the family.
Anne is passionate about Mt Albert and is committed to thecommunity, supporting local schools, clubs and sports clubs.
After 11 years of successfully selling local real estate, and managinga Mt Albert Real Estate Franchise, Anne was ready for the challengeof opening her own office, and with husband Ross set aboutestablishing Anne Duncan Real Estate in August 2004. It is notsurprising that it would be an overnight success. In a short time theteam has grown to become a dominant player in Mt Albert andsurrounding suburbs.
Driving through the streets any weekend and seeing the red and black
signs will attest to that fact.
The company has grown to include the Commercial &Industrial Division, Property Management & Rental Division, and canaccommodate regular in-house auctions.
Anne as a quick, creative thinker has always given her clients theedge over the competition by backing innovative marketing withexcellent sales and negotiating performance. Building an easyrapport, excellent listening skills and providing her vendors andbuyers with the best service possible, she ensures a high level of repeatbusiness and a constant stream of referrals.
In her leisure time, Anne can be found enjoying her family, friends ortrying to catch a fish.
If you’re considering buying or selling call Anne today.
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From the local coalfaceSummer is coming and the weather is not the only thing that's heating up. We are
currently experiencing the high levels of buyer activity. Enquiries, inspections and
open home attendees are at record levels. There is a shortage of quality properties
available. Demand is highest in the $600,000-$800,000 and $800K—$1
million brackets.
August and September were great months for auction properties, with clearance
rates of 100%. Two examples of this are listed below.
If you haven't entered our red door promotion, there is still time. Contact me to go in
the draw, we are giving away cash, ipads, TV's and more with a total prize pool of
$15,000.
8A Toroa Terrace, Mt AlbertSold under the hammer for $1,085,000. Expected tosell around $1,000,000. 3 Registered Bidders, 50inspections (groups).
4 Guardwell Terrace, Mt AlbertSold under the hammer for $718,500. Expected tosell in the high $600,000. 9 Registered Bidders, 123inspections (groups).
The following pages represent on overview of what has happened in the localproperty market this year.
Your Property is unique. It has individual features and benefits that will
influence the value of it in ways that overall statistics and median prices can't accurately
predict. In the same way, general news reports of what is happening
overall in the Auckland property market are not necessarily relevant to your
property and the local area.
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Understanding exactly what's happening in your suburb can help you under-stand the
value of your property. The first thing to consider is the size of themarket; how many
properties were sold in the past year? From this we can
gauge if there is a lot of competition for buyers or if there is very little – both
situations have their strengths and weaknesses and will influence the value.
The graphs below show the sales turnover over the last two years, firstly in dollarvalue and then in number of sales.
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
Jan Feb Mar Apr May Jun Jul Aug Sep
Turnover
2010
2011
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep
Number of sales
2010
2011
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Jan Feb Mar Apr May Jun Jul Aug Sep
2010 $472 $592 $550 $520 $528 $593 $497 $525 $579
2011 $614 $581 $587 $547 $560 $702 $769 $567 $559
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
Average Sale Price
The “Median Price” is used to measure the approximate changes in property
values over time within an area. Unlike the Average Price, the median is less
subjective to properties that have been sold in an area for either a lot cheaper,
or a lot dearer than most other properties in the area.
The graphs below show the Median Sale Price and Average Sale Price.
Jan Feb Mar Apr May Jun Jul Aug Sep
2010 $431 $527 $525 $450 $509 $561 $402 $512 $611
2011 $678 $484 $623 $606 $542 $595 $765 $457 $526
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
Median Sale Price
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There is no real formula for calculating the sale price based on the CV, as every
property is unique. The graph below shows the comparison between the
average sale price and average CV.
Days on Market is a term used to describe how long a property was on the
market prior to it being sold. The graph above shows the average days on
market over the year. In a hot market, properties will generally sell faster than In a
normal market.
-20%
0%
20%
40%
60%
Jan Feb Mar Apr May Jun Jul Aug Sep
CV Comparison
2011 CV 2010
0
10
20
30
40
50
60
70
80
90
Jan Feb Mar Apr May Jun Jul Aug Sep
Average Days on Market
2010
2011
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The following graphs show the trend and comparison between the average sale
prices of neighbouring city fringe suburbs over the year.
200,000
300,000
400,000
500,000
600,000700,000
800,000
900,000
1,000,000
J a n
F e b
M a r
A p r
M a y
J u n
J u l
A u g
S e p
201120112011201120112011201120112011
Average Sale Price
City Fringe Suburbs
Avondale - Auckland
Waterview
New Windsor
Point Chevalier
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Jan Feb Mar Apr May Jun Jul Aug Sep
201120112011201120112011201120112011
Western Springs
Kingsland
Sandringham
Mt Eden
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Anne Duncan Real Estate
2011 Auction Clearance Rates
Clearance Rates 2011 Listed Sold WithdrawnClearance
Rate
Auctions 63 49 7 88%
Exclusive 139 85 41 61%
General 6 2 4 33%
Total 201 136 52
Average days on market 2009
Auctions 30Exclusives 51.2
General 133.5
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Sales January
2/22A Willcott St $ 300,000
31 Mount Royal Ave $ 745,00035 Mount Albert Rd $ 453,500
383 Richardson Rd $ 481,500
107 Mt Albert Rd $ 775,000
10B Maybeck Rd $ 737,500
40 Malvern Rd $ 764,000
1/45B Asquith Ave $ 480,000
February1038 New North Rd $ 680,000
J/1 Richardson Rd $ 275,000
55 Mount Albert Rd $ 805,000
4/165A Carrington Rd $ 275,100
717 New North Rd $ 1,460,000
3F/12 Morning Star Pl $ 355,000
28 Laurel St $ 508,000
2/98 Owairaka Ave $ 352,00031Richardson Rd $ 416,000
22 Rhodes Ave $ 675,500
125 Taylors Rd $ 795,000
112 Taumata Rd $ 868,000
1080B New North Rd $ 220,000
3/29 Owairaka Ave $ 460,000
March2/22 Newcastle Tce $ 485,000
10 Wairere Ave $ 632,000
71Martin Ave $ 620,250
2 Summit Dr $ 880,000
41 Seaview Tce $ 627,000
10/697 New North Rd $ 159,000
22 Springleigh Ave $ 710,000
9A Seaview Tce $ 687,50011 Lyon Ave $ 750,500
8A Alexis Ave $ 885,000
25/22A Willcott St $ 329,100
8 Braemar Tce $ 700,000
4 Wesley Ave $ 797,0004A/20 Morning Star Pl $ 285,750
874 New North Rd $ 657,000
182 Mt Albert Rd $ 695,000
10B Mark Rd $ 465,000
5 Willcott St $ 737,000
27 Margaret Ave $ 755,000
3/42 Asquith Ave $ 471,500
67 Woodward Rd $ 559,0002D/27 Morning Star Pl $ 300,000
7A Fairleigh Ave $ 628,000
2/1214 New North Rd $ 271,500
12A Fifth Ave $ 419,000
10A Amandale Ave $ 611,250
10 Rossgrove Tce $ 635,500
18 Stewart Rd $ 580,000
74 Mt Albert Rd $ 680,0008/8 Soljak Pl $ 286,000
824 New North Rd $ 468,000
841 New North Rd $ 485,000
2/15 Stewart Rd $ 530,500
22 Tasman Ave $ 578,000
5 Ennismore Rd $ 685,000
98 Taumata Rd $ 821,000
84 Mt Albert Rd $ 875,000127 Owairaka Ave $ 605,000
104 Taumata Rd $ 878,000
15/21 Ruarangi Rd $ 286,000
April
791 New North Rd $ 728,000
82 Taylors Rd $ 665,000
2/135 pah Rd $ 450,00084 Mount Royal Ave $ 656,500
5 Kitenui Ave $ 615,000
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701C New North Rd $ 355,000
D/1140 New North Rd $ 406,000
26 Rossgrove Tce $ 606,000
23 parkdale Rd $ 656,000
2 Kerr-Taylor Ave $ 960,0003D/11 Morning Star Pl $ 355,000
5/8 Soljak Pl $ 274,000
185 Carrington Rd $ 611,500
786 New North Rd $ 628,000
1/13 Violet St $ 506,000
47B Woodward Rd $ 630,000
1/29 Willcott St $ 420,000
40A Chatham Ave $ 500,0001/90 Mt Royal Ave $ 262,500
3 Lorraine Ave $ 556,000
75 Asquith Ave $ 670,000
1128B New North Rd $ 730,000
4/32 Mt Albert Rd $ 355,000
May
717 New North Rd $ 1,460,000174 Mt Albert Rd $ 358,000
29 Tyburnia Ave $ 522,000
3D/11 Morning Star Pl $ 355,000
1 Woodward Rd $ 465,000
21 St Lukes Rd $ 563,500
9/24 Norrie Ave $ 295,000
47 Mt Albert Rd $ 715,000
11 Selkirk Rd $ 752,1508 Amandale Ave $ 571,900
71 Mt Albert Rd $ 730,000
4/128A Taylors Rd $ 396,000
7 Newcastle Tce $ 627,000
5/1098 New North Rd $ 390,000
23 Fairleigh Ave $ 610,000
7/43 Woodward Rd $ 90,000
6/6 Rossgrove Tce $ 370,00012A Douglas Ave $ 825,000
29 Western Springs $ 355,000
37A Preston Ave $ 471,000
81 Asquith Ave $ 570,000
10A Seaview Tce $ 571,888
11 Burch St $ 610,000
11 Newcastle Tce $ 674,000
12 Counsel Tce $ 743,000
47 Allendale Rd $ 1,366,000
1128 New North Rd $ 728,888
June
18 Vinter Tce $ 541,000
57 Kitenui Ave $ 765,000
15 Newcastle Tce $ 501,000
3/11 Preston Ave $ 295,0008A Harbutt Ave $ 590,000
15 Parkdale Rd $ 643,500
65C Asquith Ave $ 570,000
1 Selkirk Rd $ 610,000
3 Baldwin Ave $ 900,000
15 Alexis Ave $ 1,600,000
7 Linwood Ave $ 760,000
191 Carrington Rd $ 568,00022A Seaview Tce $ 600,000
2 Mount Royal Ave $ 846,000
6/7 Harlston Rd $ 405,000
37 Seaview Tce $ 550,000
7 Preston Ave $ 620,000
8 Francis Ryan Cl $ 1,205,000
30 Kitenui Ave $ 1,490,000
2/36 Owairaka Ave $ 410,0004/66 Taylors Rd $ 430,000
1/15 Stewart Rd $ 545,000
July
GF/11 Morning Star Pl $ 290,000
B2/27 Morning Star Pl $ 305,000
4 Alexis Ave $ 1,550,000
8/22A Willcott St $ 305,0004/34 Kitenui Ave $ 388,200
6A Mark Rd $ 554,000
18 Stewart Rd $ 656,000
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29 Tasman Ave $ 695,000
8 Challinor Cres $ 724,000
137 Western Springs Rd $ 737,500
1 Guardwell Tce $ 760,000
878 New North Rd $ 770,000
6 Sadgrove Tce $ 785,000
9 Lyon Ave $ 788,000
1036 New North Rd $ 795,000
109 Taumata Rd $ 802,000
46 Malvern Rd $ 825,000
60 Allendale Rd $ 1,100,000
50 Kitenui Ave $ 1,240,000
80 Kitenui Ave $ 1,440,000
174A Carrington Rd $ 635,000
42 Richardson Rd $ 785,000
August
GD/19 Morning Star Pl $ 310,000
3D/12 Morning Star Pl $ 315,000
1/4 Moreland Rd $ 310,000
1/98 Owairaka Ave $ 370,0002/1240 New North Rd $ 412,000
1/132A Taylors Rd $ 425,000
53D Woodward Rd $ 490,000
5 Woodward Rd $ 620,000
41 Sainsbury Rd $ 651,000
1/13 Knight Ave $ 665,500
4 Guardwell Tce $ 718,500
5 Phyllis St $ 770,0009 Weston Ave $ 773,000
33 Malvern Rd $ 846,500
186 Carrington Rd $ 930,000
31a Chatham Ave $ 1,000,000
53 Margaret Ave $ 1,000,000
63C Owairaka Ave $ 1,511,000
1A Fowler Ave $ 541,000
36/8 Soljak Pl $ 278,0001113 New North Rd $ 390,000
a/4 2 Moreland Rd $ 425,000
14 Springfield Rd $ 980,000
1/14 Willcott St $ 203,500
1/7 Amandale Ave $ 265,000
1/1142New North Rd $ 285,00010/14 Seaview Tce $ 290,000
4/35 Owairaka Ave $ 320,000
5/34 Kitenui Ave $ 390,000
4/68 Malvern Rd $ 545,000
September
1J/27 Morning Star Pl $ 305,000
1D/27 Morning Star Pl $ 320,0001/1152 New North Rd $ 415,000
2A Lorraine Ave $ 510,000
1170 New North Rd $ 511,000
16A Martin Ave $ 520,000
35 Preston Ave $ 521,000
21 St Lukes Rd $ 526,000
133 Mt Albert Rd $ 530,000
13 Range View Rd $ 542,000158 Mt Albert Rd $ 555,000
33 Harbutt Ave $ 568,000
12A Fontenoy St $ 648,000
43 Linwood Ave $ 677,500
298 Mt Albert Rd $ 715,000
6 Caughey Pl $ 750,000
23A Burch St $ 810,000
72D Malvern Rd $ 856,80068 Lloyd Ave $ 970,000
8A Toroa Tce $ 1,085,000
1/2A Moreland Rd $ 397,500
60A Kitenui Ave $ 518,000
3a/132 Taylors Rd $ 580,000
3/7 Amandale Ave $ 272,500
5/90 Mt Royal Ave $ 285,000
2/41 Owairaka Ave $ 362,1002/814 New North Rd $ 366,000
Note: Properties highlighted in red were sold by Anne Duncan Real Estate
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Data has been supplied from REINZ, RPNZ, along with our own sources.
Disclaimer: This document is intended to provide the recipient with preliminary background information about a specific market based on the data available to Anne Duncan Real Estate at the time of preparation. Anne Duncan Real Estate does not accept any liability for statements made in or any
omission from this document.
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For More InformationPlease contact
Anne Duncan021 996 426846 [email protected]