Hello again,
Once again the real estate market in Te Atatu Peninsula was governed by a shortage of properties for sale. At the 1st of July there were only 38 properties on the market (and many of these probably had conditional sales at the time).
There were 14 sales with a median price of $564,500 and an average of only 15 days to sell.
ADDRESS SOLD FOR
2/34 Rewarewa Road - $295,000
54 Vinograd Drive - $578,000,
2A Taipari Road - $460,000
5 Roby Street - $580,000
5 Bayside Avenue - $490,000
7 Gane Lane - $617,000
1A Stokes Avenue - $532,000
2/8 Enderby Drive - $628,000
1/75 Matipo Road - $545,000
3 Tawa Road - $640,000
8 Justin Place - $545,000
27 Neil Avenue - $683,000
125 Taikata Road - $551,000
77 Taikata Road - $785,000
Of the 14 sales only 3 were marketed with a price, 6 were by auction and 5 by negotiation.
This is a deliberate policy because sellers are reluctant to put a price on a property when the market is so buoyant. Prices being achieved are frequently higher than seller expectations.
Last month’s competition
The winner with the first correct answer received by e-mail was George Young of Yeovil Road. The first to farm tobacco on the Peninsula in the early 1900’s was the Pauling’s family.
6 Street Spotlight
STREET AVERAGE SELLING PRICE 10 YEARS AGO AVERAGE SELLING PRICE 2012 TOTAL SALES IN THE PAST 10 YEARS
Matau Rise $728,250 $945,000 17
Provence Espl $326,000 $946,000 23
Waimuri Close $510,000 $780,000 2
Wakaroa Avenue $308,000 $641,500 7
Barberry Lane $354,000 $1,018,000* 5
Glenhaven Place $315,000 $445,000 13
*One sale only in 2013
Average Rent for Te Atatu Peninsula:
1st Jan 2013 - 30th June 2013
BEDROOMS DWELLING TYPE AVERAGE RENT
2 Apartment $450
3 Flat $380
2 Flat $300
1 Flat $270
5+ House $795
4 House $560
3 House $430
2 House $360
Do you know
Where and when was the first general store opened on Te Atatu Peninsula? The first correct answer by e-mail wins a $50 voucher.
Quote of the month
One man with courage makes a majority. ANDREW JACKSON, 7th US President.
I am the Real Estate expert in Te Atatu Peninsula. If you want more information about Real Estate please phone or email me for confidential attention.
Until next time,
Best wishes,
JOHN GOODRUM
thelegendofthewest@gmail.com
P:09 838 8895 or 021 945 140
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