17/01/2021
| CANTERBURY MARKET UPDATE
The Canterbury market is HOT 🔥 with its highest ever median sale price of $536,000, 16.5% higher 📈than this time last year, $460,000 IN DECEMBER 2019 TO $536,000 IN DECEMBER 2020 - this is the fifth consecutive month of record median house prices!
“Currently we have half the inventory levels we had back in December 2018. There just isn’t enough choice for people looking to purchase which has meant there is significant pressure being placed on house prices around NZ. When you add to the equation there are record low interest rates, it means people are more willing to compete to secure the property they want."
"This lack of choice and high levels of confidence is also causing properties to be sold at the quickest pace we’ve seen in 17 years. The median number of days to sell a house is now just 27 days, showing how people are moving quickly to secure ‘good’ properties,” - Bindi Norwell REINZ CEO
If you're looking to sell, it's important to remember you are also buying in the same competitive market, we can help by putting together the best selling strategy for you to ensure you get the most for your property.
