Real Estate Survival

The latest statistics are out on the Local Market:

The median sales price for a house in Taranaki eased to $253,500 in March from $265,000 in February (March 2007: $260,500). 155 houses sold, down on the 188 sold in February (March 2007: 264).

 

 

COMMENT:

At Harcourts we are travelling exceptionally well -  acheiving in excess of 50% Market Share in New Plymouth for March. This market will be the make or break of many real estate companies – Harcourts is excelling. Why? We work very closely with our vendor clients to ensure they come to the market in the best possible manner through presentation and marketing.

Our other offices in Taranaki:

Bell Block

Inglewood

Stratford

Hawera

………….. are acheiving record sales. We often say at Harcourts – we sail well in light winds.

We beleive that many real estate companies will continue to close their doors in this lower volume market. Professionals and First National have done so in Napier, and many more are about to.

28 houses sold in the Taranaki Country region in March (February 2008: 25; March 2007: 51). The median price eased to $212,500 (February 2008: $220,000; March 2007: $160,000).

The median sales price for a New Plymouth City house rose to $340,000 (February 2008 & March 2007:$320,000). 62 houses sold in March (February 2008: 101; March 2007: 113).