The Ray White Group has been in continued development of producing information for our own members that allows them to gain insights into the property market that will assist home owners in the marketing of their property.
The ongoing development of this information has now seen our company being able to produce statistical data that can be directly applied to property in any area across New Zealand. The grouping of this data includes price banding by percentage, the number of sales occurring in each suburb by sectors, the number of days on market, also the price differential between the listed and selling prices. These are all important identifiers when you are considering the various concepts of marketing and also the buyer pool.
Each Ray White office has access to provide this information to you. In our weekly updates we will be providing a suburb overview that gives you an indication of the current activity in various areas across New Zealand.
This week we look at information coming from the inner west area of Ponsonby. During 2009 there were 113 house sales with an average price at $957,409 with a further 25 unit sales at an average price of $451,945. The best time of the year to sell houses is in April and October. In 2009 the highest level of sales occurred in the price band between $600,000 and $800,000, totalling 44. Ponsonby is one of the few markets that shows an upward lift in the sale price to the listed price. This is mainly due to the fact that there is higher buyer competition and that many properties are submitted to the auction concept in this area. Days on market continue to decrease, with the last quarter of 2009 showing 32 days for houses and 19 days for units. For the full market report on Ponsonby please click here Ponsonby Market Data Report
To request a market review for your area, please leave a comment or contact your local Ray White office.