The Kerikeri real estate market, located in the heart of Northland, New Zealand, continues to exhibit dynamic activity. For those invested in the Kerikeri real estate scene, staying informed on the latest trends and statistics is crucial. Here, we present a comprehensive market report for June 2024, providing valuable insights for buyers, sellers, and investors alike.
Market Overview
The Kerikeri real estate market remains robust, reflecting a blend of diverse property offerings and varied price points. In June 2024, the market saw a total of 14 property sales, demonstrating a healthy turnover of residential properties.
Sales Statistics
Here are the key statistics for Kerikeri real estate in June 2024:
- Total Sales: 14
- Lowest Price: $430,000
- Highest Price: $1,500,000
- Median Price: $848,000
- Total Sales Volume: $11,882,500
- Average Days on Market: 134
- Fastest Sale: 24 days
The sales figures highlight a significant range in property values, from more affordable options at $430,000 to high-end properties reaching $1,500,000. The median price of $848,000 serves as a benchmark for prospective buyers and sellers to gauge market expectations.
Pricing Dynamics
An interesting trend observed in June 2024 is the discrepancy between listing prices and final sale prices. While two properties sold at their asking price, the majority of the sales were concluded at an average of $48,000 below the listing price. This suggests a degree of flexibility in the market, with buyers potentially having room to negotiate.
Time on Market
Properties in Kerikeri averaged 134 days on the market, indicating the typical duration it takes for a property to be sold from the time it is listed. However, it’s noteworthy that the fastest sale was completed in just 24 days, reflecting the varying degrees of demand for different types of properties.
Insights and Trends
- Market Stability: The range of prices and the steady number of transactions indicate a stable market, offering opportunities for both high-end and more budget-conscious buyers.
- Negotiation Opportunities: With many properties selling below the asking price, buyers may find opportunities to negotiate better deals.
- Investment Potential: The diversity in property prices and the stable median price suggest that Kerikeri remains an attractive location for property investment.
Conclusion
The Kerikeri real estate market in June 2024 presents a balanced scenario for both buyers and sellers. With a good mix of properties across different price points, and some room for negotiation, it’s a market that offers opportunities for various types of investors and homeowners. Staying updated with these market reports can help you make informed decisions, whether you’re looking to buy, sell, or invest in Kerikeri real estate.
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