Spring: Christchurch Real Estate Update
The sunshine and emerging blossoms around the city confirm that spring is upon us and with it the property market once again begins to thrive.
It is fair to say we have recently surfaced from a distinctive Winter market in the real estate industry. Many sellers have made the decision to refrain from listing their property in the colder months. For this reason we have experienced fewer homes for sale and as such have seen a multitude of buyers left searching for choice. Although it appears the old-style notion that property should come to the market in the sunny months may have crept back into the minds of sellers, it is not a new phenomenon, just one perhaps we have seen less in post-quake Christchurch.
The truth remains the great majority of the properties that were listed over the last three months have sold, and they have sold in similar time periods as previous years. Undeniably Spring brings with it an influx of property to the market. So we are set to experience a revived number of buyers hunting for their dream home as they realise the slim Winter pickings are now replenished with fresh and exciting offerings.
At Holmwood we have continued to experience outstanding success in our auction room delivering unconditional sales during the Winter months. The number of properties we have sold on ‘the fall of the hammer’ or prior to auction day, is an impressive 65% and of those left, the majority of them are sold within a matter of weeks.
Regardless of what the processes are, real estate will always have people at its heart. At Holmwood we never forget that buying and selling property is a huge life decision and we are always committed to achieving outstanding results for our clients. If you are thinking of making a real estate decision then do not hesitate to contact one of our dedicated sales consultants today.
