Real estate site says it’s the best time to sell homes
It seems New Zealand provinces have taken the spotlight from main centres this year as seven areas have seen record average asking prices in January, according to Trade Me’s latest report.
Trade Me’s Property Price Index revealed that the average asking price in Bay of Plenty, Gisborne, Manawatu/Whanganui, Marlborough, Nelson/Tasman, Southland, and West Coast reached an all-time high in January 2020.
“While typically Auckland and Wellington hog the headlines when it comes to property prices, the provinces have been increasing considerably with some even experiencing strong double-digit price growth,” Nigel Jeffries, head of Trade Me Property, said.
“Out of the record-breaking regions, Southland, Manawatu/Whanganui, and West Coast were the standouts with a year-on-year increase of 15.4%, 18.6%, and 14.4%, respectively.”
Read more: House prices expected to rise in 2020
Jeffries advised homeowners that this is the best time to sell their property.
“In January, we saw a 6% jump in the number of views on properties for sale compared to last January, while the stock was down 22% on the year prior. With record-high prices in many regions, demand for properties on the rise, and low stock, it’s more a seller’s market,” he explained.
