With Christmas just around the corner, the property market is looking strong and buoyant with many people choosing to bring their property to market around this time to capitalise on the thousands of visitors coming into the region for the Christmas holiday period. The REINZ stats for October paint a very positive picture for the Bay as it leads the way in a rise in the residential property market with the October median sitting at $400,000 across the region, just slightly below the record $405,000 from August.
Now is a great time to be bringing your property to market with the deadline of Christmas imminent for many buyers. Our final REAL Property Magazine will be out on 22nd of December giving all our exclusive properties excellent shelf-life over the holiday period. Our market will continue to grow as many buyers look for the next Tauranga, with Hawke’s Bay now clearly in the spotlight. 2018 is set to be another great year in the Bay as the primary sector continues to deliver great prices to further boost our local economy.
Steady buyer demand combined with a shortage of listings is seeing prices continue an upward trend with prices rising 12 per cent in Napier compared to October last year and a staggering 43.6 per cent in Hastings from $280,000 to $402,000 (playing catch-up on Napier) last month when 97 properties changed hands. With Christmas just weeks away we expect to see even more buyer demand from both holiday-makers and locals who have more time on their hands to make those important decisions like buying or selling their home. Our Open Home numbers continue to be at record levels with many buyers searching for property from outside the region.
We have a lot going on at Tremains as we move into the month of December. The Tremains Christmas Lights are on again from 1st December – 24th December. Pick up a map from any of our Tremains offices or download from our website, crank up the Christmas carols and do a self-tour of the lights with your friends and family. No matter what side of the river you are on, we have Christmas covered again this year. Our agents will be out and about with free gift-wrapping in Taradale on 9th December and in Napier on 16th December – a good chance to get your Christmas shopping done and gifts wrapped before that last-minute rush. In Havelock North, visit our Santa’s Cave as part of “Christmas in the Village” on 2nd December, or come along and say hi to Santa on one of these eight nights across December – 6th, 7th, 10th, 13th, 14th, 17th, 20th and 21st. We hope to see you and your family there.
We all reach certain milestones in life and last week was 20 years of marriage for my wife Hettie and I. I have always maintained that the decision to marry is one of the most important you will make in your life, so make sure it is a good one – mine has been a beauty! Enjoy your week.