Monthly Market Update - April 2018
As we move into the autumn stage of our local market, it is noticeable that we are still seeing strong steady activity across all price ranges here in the garden city. Listing activity has picked up over April with an increase of 4.3% in new stock listed, in comparison to April last year.
We have also seen an increase in the volume of written contracts and a 12% increase in the number of properties that have settled. Property values remain steady showing neither a tendency to rise or fall significantly at the moment.
The market here in Christchurch is in a remarkably steady phase which provides a degree of certainty and comfort to both buyers and sellers.
There is nothing currently showing on the horizon that I would expect to impact significantly on our current market, so my expectation is that we will see a steady Autumn /Winter period giving confidence to those who wish to sell in the coming months.
The strength of our Harcourts team continues to dominate the local scene and we firmly believe we provide the very best sale opportunity for anyone looking to sell in the Christchurch marketplace; with better trained, better resourced consultants. If you are looking or thinking of selling call a Harcourts office or one of our experienced and helpful Consultants today.
Jim Davis - Christchurch/South Island Regional Manager