market review spring

8/3/2019 Market Review Spring

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Market ReviewMt Alber t

J a n u a r y - S e p t e m b e r 2 0 1 1

Anne Duncan021 996 426846 [email protected]



Anne Duncan has a wealth of local knowledge and experience havinglived in the area for most of her adult life.

Girls run in the family, with Kate, Emma, and Helen all attendingFerndale Kindergarden, Marist Primary then Marist Collegebefore going onto University. Granddaughter Kayla is the newestaddition to the family.

Anne is passionate about Mt Albert and is committed to thecommunity, supporting local schools, clubs and sports clubs.

After 11 years of successfully selling local real estate, and managinga Mt Albert Real Estate Franchise, Anne was ready for the challengeof opening her own office, and with husband Ross set aboutestablishing Anne Duncan Real Estate in August 2004. It is notsurprising that it would be an overnight success. In a short time theteam has grown to become a dominant player in Mt Albert andsurrounding suburbs.

Driving through the streets any weekend and seeing the red and black

signs will attest to that fact.

The company has grown to include the Commercial &Industrial Division, Property Management & Rental Division, and canaccommodate regular in-house auctions.

Anne as a quick, creative thinker has always given her clients theedge over the competition by backing innovative marketing withexcellent sales and negotiating performance. Building an easyrapport, excellent listening skills and providing her vendors andbuyers with the best service possible, she ensures a high level of repeatbusiness and a constant stream of referrals.

In her leisure time, Anne can be found enjoying her family, friends ortrying to catch a fish.

If you’re considering buying or selling call Anne today.



From the local coalfaceSummer is coming and the weather is not the only thing that's heating up. We are

currently experiencing the high levels of buyer activity. Enquiries, inspections and

open home attendees are at record levels. There is a shortage of quality properties

available. Demand is highest in the $600,000-$800,000 and $800K—$1

million brackets.

August and September were great months for auction properties, with clearance

rates of 100%. Two examples of this are listed below.

If you haven't entered our red door promotion, there is still time. Contact me to go in

the draw, we are giving away cash, ipads, TV's and more with a total prize pool of

$15,000.

8A Toroa Terrace, Mt AlbertSold under the hammer for $1,085,000. Expected tosell around $1,000,000. 3 Registered Bidders, 50inspections (groups).

4 Guardwell Terrace, Mt AlbertSold under the hammer for $718,500. Expected tosell in the high $600,000. 9 Registered Bidders, 123inspections (groups).

The following pages represent on overview of what has happened in the localproperty market this year.

Your Property is unique. It has individual features and benefits that will

influence the value of it in ways that overall statistics and median prices can't accurately

predict. In the same way, general news reports of what is happening

overall in the Auckland property market are not necessarily relevant to your

property and the local area.



Understanding exactly what's happening in your suburb can help you under-stand the

value of your property. The first thing to consider is the size of themarket; how many

properties were sold in the past year? From this we can

gauge if there is a lot of competition for buyers or if there is very little – both

situations have their strengths and weaknesses and will influence the value.

The graphs below show the sales turnover over the last two years, firstly in dollarvalue and then in number of sales.

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

Jan Feb Mar Apr May Jun Jul Aug Sep

Turnover

2010

2011

0

10

20

30

40

50


Number of sales

2010

2011




2010 $472 $592 $550 $520 $528 $593 $497 $525 $579

2011 $614 $581 $587 $547 $560 $702 $769 $567 $559

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

Average Sale Price

The “Median Price” is used to measure the approximate changes in property

values over time within an area. Unlike the Average Price, the median is less

subjective to properties that have been sold in an area for either a lot cheaper,

or a lot dearer than most other properties in the area.

The graphs below show the Median Sale Price and Average Sale Price.


2010 $431 $527 $525 $450 $509 $561 $402 $512 $611

2011 $678 $484 $623 $606 $542 $595 $765 $457 $526

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

Median Sale Price



There is no real formula for calculating the sale price based on the CV, as every

property is unique. The graph below shows the comparison between the

average sale price and average CV.

Days on Market is a term used to describe how long a property was on the

market prior to it being sold. The graph above shows the average days on

market over the year. In a hot market, properties will generally sell faster than In a

normal market.

-20%

0%

20%

40%

60%


CV Comparison

2011 CV 2010

0

10

20

30

40

50

60

70

80

90


Average Days on Market

2010

2011



The following graphs show the trend and comparison between the average sale

prices of neighbouring city fringe suburbs over the year.

200,000

300,000

400,000

500,000

600,000700,000

800,000

900,000

1,000,000

J a n

F e b

M a r

A p r

M a y

J u n

J u l

A u g

S e p

201120112011201120112011201120112011

Average Sale Price

City Fringe Suburbs

Avondale - Auckland

Waterview

New Windsor

Point Chevalier

300,000

400,000

500,000

600,000

700,000

800,000

900,000


201120112011201120112011201120112011

Western Springs

Kingsland

Sandringham

Mt Eden



Anne Duncan Real Estate

2011 Auction Clearance Rates

Clearance Rates 2011 Listed Sold WithdrawnClearance

Rate

Auctions 63 49 7 88%

Exclusive 139 85 41 61%

General 6 2 4 33%

Total 201 136 52

Average days on market 2009

Auctions 30Exclusives 51.2

General 133.5



Sales January

2/22A Willcott St $ 300,000

31 Mount Royal Ave $ 745,00035 Mount Albert Rd $ 453,500

383 Richardson Rd $ 481,500

107 Mt Albert Rd $ 775,000

10B Maybeck Rd $ 737,500

40 Malvern Rd $ 764,000

1/45B Asquith Ave $ 480,000

February1038 New North Rd $ 680,000

J/1 Richardson Rd $ 275,000

55 Mount Albert Rd $ 805,000

4/165A Carrington Rd $ 275,100

717 New North Rd $ 1,460,000

3F/12 Morning Star Pl $ 355,000

28 Laurel St $ 508,000

2/98 Owairaka Ave $ 352,00031Richardson Rd $ 416,000

22 Rhodes Ave $ 675,500

125 Taylors Rd $ 795,000

112 Taumata Rd $ 868,000

1080B New North Rd $ 220,000

3/29 Owairaka Ave $ 460,000

March2/22 Newcastle Tce $ 485,000

10 Wairere Ave $ 632,000

71Martin Ave $ 620,250

2 Summit Dr $ 880,000

41 Seaview Tce $ 627,000

10/697 New North Rd $ 159,000

22 Springleigh Ave $ 710,000

9A Seaview Tce $ 687,50011 Lyon Ave $ 750,500

8A Alexis Ave $ 885,000

25/22A Willcott St $ 329,100

8 Braemar Tce $ 700,000

4 Wesley Ave $ 797,0004A/20 Morning Star Pl $ 285,750

874 New North Rd $ 657,000

182 Mt Albert Rd $ 695,000

10B Mark Rd $ 465,000

5 Willcott St $ 737,000

27 Margaret Ave $ 755,000

3/42 Asquith Ave $ 471,500

67 Woodward Rd $ 559,0002D/27 Morning Star Pl $ 300,000

7A Fairleigh Ave $ 628,000

2/1214 New North Rd $ 271,500

12A Fifth Ave $ 419,000

10A Amandale Ave $ 611,250

10 Rossgrove Tce $ 635,500

18 Stewart Rd $ 580,000

74 Mt Albert Rd $ 680,0008/8 Soljak Pl $ 286,000

824 New North Rd $ 468,000

841 New North Rd $ 485,000

2/15 Stewart Rd $ 530,500

22 Tasman Ave $ 578,000

5 Ennismore Rd $ 685,000

98 Taumata Rd $ 821,000

84 Mt Albert Rd $ 875,000127 Owairaka Ave $ 605,000

104 Taumata Rd $ 878,000

15/21 Ruarangi Rd $ 286,000

April

791 New North Rd $ 728,000

82 Taylors Rd $ 665,000

2/135 pah Rd $ 450,00084 Mount Royal Ave $ 656,500

5 Kitenui Ave $ 615,000



701C New North Rd $ 355,000

D/1140 New North Rd $ 406,000

26 Rossgrove Tce $ 606,000

23 parkdale Rd $ 656,000

2 Kerr-Taylor Ave $ 960,0003D/11 Morning Star Pl $ 355,000

5/8 Soljak Pl $ 274,000

185 Carrington Rd $ 611,500

786 New North Rd $ 628,000

1/13 Violet St $ 506,000

47B Woodward Rd $ 630,000

1/29 Willcott St $ 420,000

40A Chatham Ave $ 500,0001/90 Mt Royal Ave $ 262,500

3 Lorraine Ave $ 556,000

75 Asquith Ave $ 670,000

1128B New North Rd $ 730,000

4/32 Mt Albert Rd $ 355,000

May

717 New North Rd $ 1,460,000174 Mt Albert Rd $ 358,000

29 Tyburnia Ave $ 522,000

3D/11 Morning Star Pl $ 355,000

1 Woodward Rd $ 465,000

21 St Lukes Rd $ 563,500

9/24 Norrie Ave $ 295,000

47 Mt Albert Rd $ 715,000

11 Selkirk Rd $ 752,1508 Amandale Ave $ 571,900

71 Mt Albert Rd $ 730,000

4/128A Taylors Rd $ 396,000

7 Newcastle Tce $ 627,000

5/1098 New North Rd $ 390,000

23 Fairleigh Ave $ 610,000

7/43 Woodward Rd $ 90,000

6/6 Rossgrove Tce $ 370,00012A Douglas Ave $ 825,000

29 Western Springs $ 355,000

37A Preston Ave $ 471,000

81 Asquith Ave $ 570,000

10A Seaview Tce $ 571,888

11 Burch St $ 610,000


12 Counsel Tce $ 743,000

47 Allendale Rd $ 1,366,000

1128 New North Rd $ 728,888

June

18 Vinter Tce $ 541,000

57 Kitenui Ave $ 765,000


3/11 Preston Ave $ 295,0008A Harbutt Ave $ 590,000

15 Parkdale Rd $ 643,500

65C Asquith Ave $ 570,000

1 Selkirk Rd $ 610,000

3 Baldwin Ave $ 900,000

15 Alexis Ave $ 1,600,000

7 Linwood Ave $ 760,000

191 Carrington Rd $ 568,00022A Seaview Tce $ 600,000

2 Mount Royal Ave $ 846,000

6/7 Harlston Rd $ 405,000

37 Seaview Tce $ 550,000

7 Preston Ave $ 620,000

8 Francis Ryan Cl $ 1,205,000

30 Kitenui Ave $ 1,490,000

2/36 Owairaka Ave $ 410,0004/66 Taylors Rd $ 430,000

1/15 Stewart Rd $ 545,000

July

GF/11 Morning Star Pl $ 290,000

B2/27 Morning Star Pl $ 305,000

4 Alexis Ave $ 1,550,000

8/22A Willcott St $ 305,0004/34 Kitenui Ave $ 388,200

6A Mark Rd $ 554,000

18 Stewart Rd $ 656,000



29 Tasman Ave $ 695,000

8 Challinor Cres $ 724,000

137 Western Springs Rd $ 737,500

1 Guardwell Tce $ 760,000

878 New North Rd $ 770,000

6 Sadgrove Tce $ 785,000

9 Lyon Ave $ 788,000

1036 New North Rd $ 795,000

109 Taumata Rd $ 802,000

46 Malvern Rd $ 825,000

60 Allendale Rd $ 1,100,000

50 Kitenui Ave $ 1,240,000

80 Kitenui Ave $ 1,440,000

174A Carrington Rd $ 635,000

42 Richardson Rd $ 785,000

August

GD/19 Morning Star Pl $ 310,000

3D/12 Morning Star Pl $ 315,000

1/4 Moreland Rd $ 310,000

1/98 Owairaka Ave $ 370,0002/1240 New North Rd $ 412,000

1/132A Taylors Rd $ 425,000

53D Woodward Rd $ 490,000

5 Woodward Rd $ 620,000

41 Sainsbury Rd $ 651,000

1/13 Knight Ave $ 665,500

4 Guardwell Tce $ 718,500

5 Phyllis St $ 770,0009 Weston Ave $ 773,000

33 Malvern Rd $ 846,500

186 Carrington Rd $ 930,000

31a Chatham Ave $ 1,000,000

53 Margaret Ave $ 1,000,000

63C Owairaka Ave $ 1,511,000

1A Fowler Ave $ 541,000

36/8 Soljak Pl $ 278,0001113 New North Rd $ 390,000

a/4 2 Moreland Rd $ 425,000

14 Springfield Rd $ 980,000

1/14 Willcott St $ 203,500

1/7 Amandale Ave $ 265,000

1/1142New North Rd $ 285,00010/14 Seaview Tce $ 290,000

4/35 Owairaka Ave $ 320,000

5/34 Kitenui Ave $ 390,000

4/68 Malvern Rd $ 545,000

September

1J/27 Morning Star Pl $ 305,000

1D/27 Morning Star Pl $ 320,0001/1152 New North Rd $ 415,000

2A Lorraine Ave $ 510,000

1170 New North Rd $ 511,000

16A Martin Ave $ 520,000

35 Preston Ave $ 521,000

21 St Lukes Rd $ 526,000

133 Mt Albert Rd $ 530,000

13 Range View Rd $ 542,000158 Mt Albert Rd $ 555,000

33 Harbutt Ave $ 568,000

12A Fontenoy St $ 648,000

43 Linwood Ave $ 677,500

298 Mt Albert Rd $ 715,000

6 Caughey Pl $ 750,000

23A Burch St $ 810,000

72D Malvern Rd $ 856,80068 Lloyd Ave $ 970,000

8A Toroa Tce $ 1,085,000

1/2A Moreland Rd $ 397,500

60A Kitenui Ave $ 518,000

3a/132 Taylors Rd $ 580,000

3/7 Amandale Ave $ 272,500

5/90 Mt Royal Ave $ 285,000

2/41 Owairaka Ave $ 362,1002/814 New North Rd $ 366,000

Note: Properties highlighted in red were sold by Anne Duncan Real Estate



Data has been supplied from REINZ, RPNZ, along with our own sources.

Disclaimer: This document is intended to provide the recipient with preliminary background information about a specific market based on the data available to Anne Duncan Real Estate at the time of preparation. Anne Duncan Real Estate does not accept any liability for statements made in or any

omission from this document.

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For More InformationPlease contact

Anne Duncan021 996 426846 [email protected]

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