Market Review Mt Alber t
J a n u a r y - S e p t e m b e r 2 0 1 1
Vincent Barnao 021 275 8925 846 9470 [email protected]
Vincent Barnao R E S I D E N T I A L S A L E S P E R S O N
Vincent has been part of the Anne Duncan Real Estate team since its opening in August 2004, and has applied his dedication, commitment and boundless energy to help ensure the success of the new company and the continuation of his impressive performance history.
Formerly working with one of New Zealand’s large franchise Real Estate companies, Vincent was consistently one of their top performers – achieving ‘Elite’ status and was in the top 5 percent of the nationwide sales team.
However his experience reaches beyond sales and marketing, having taken the position of Sales Manager – managing a successful sales office in nearby Pt Chevalier. He is now back revelling in the sales aspect of the job. Highly motivated and competitive by nature. Competitive indeed ............. Vincent still swims competitively and continues to win awards in New Zealand and internationally.
He sees real estate selling as a match-making exercise – bringing buyers and sellers together – to match buyers to houses and houses to buyers. Vincent believes having good listening skills and playing the diplomat are key components of the role. He doesn’t give up until both parties are totally satisfied with the results, every step of the way he makes a big effort to handle people with care.
He is always cognisant that it is the vendor he is working for, and the objective never changes because consistently achieving excellent results ensures continued satisfaction and the important endorsement of repeat business.
When it comes to dealing with tenanted property, Vincent is equally concerned to pay due respect to tenants, ensuring the sales process is as comfortable as possible.
For a top performer and someone who can offer the best marketing advice, call Vincent today.
From the local coalface Summer 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 Albert Sold under the hammer for $1,085,000. Expected to sell around $1,000,000. 3 Registered Bidders, 50 inspections (groups).
4 Guardwell Terrace, Mt Albert Sold under the hammer for $718,500. Expected to sell in the high $600,000. 9 Registered Bidders, 123 inspections (groups).
The following pages represent on overview of what has happened in the local
property 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 the market; 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 dollar value 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
Jan Feb Mar Apr May Jun Jul Aug Sep
Number of sales
2010
2011
Jan Feb Mar Apr May Jun Jul Aug Sep
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.
Jan Feb Mar Apr May Jun Jul Aug Sep
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.
2
-20%
0%
20%
40%
60%
Jan Feb Mar Apr May Jun Jul Aug Sep
CV Comparison
2011 CV 2010
0
10
20
30
40
50
60
70
80
90
Jan Feb Mar Apr May Jun Jul Aug Sep
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.
200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000
1,000,000
Jan
Feb
Mar
Ap
r
May
Jun
Jul
Au
g
Sep
2011 2011 2011 2011 2011 2011 2011 2011 2011
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
Jan Feb Mar Apr May Jun Jul Aug Sep
2011 2011 2011 2011 2011 2011 2011 2011 2011
Western Springs
Kingsland
Sandringham
Mt Eden
Anne Duncan Real Estate
2011 Auction Clearance Rates
Clearance Rates 2011 Listed Sold Withdrawn Clearance
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 30
Exclusives 51.2
General 133.5
Sales January
2/22A Willcott St $ 300,000
31 Mount Royal Ave $ 745,000
35 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
February
1038 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 $ 352,000
31Richardson 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
March
2/22 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 $ 687,500
11 Lyon Ave $ 750,500
8A Alexis Ave $ 885,000
25/22A Willcott St $ 329,100
8 Braemar Tce $ 700,000
4 Wesley Ave $ 797,000
4A/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 $ 559,000
2D/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 $ 680,000
8/8 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 $ 875,000
127 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 $ 450,000
84 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 $ 960,000
3D/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 $ 500,000
1/90 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 $ 1,460,000
174 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 $ 752,150
8 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 $ 370,000
12A 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
11 Newcastle Tce $ 674,000
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
15 Newcastle Tce $ 501,000
3/11 Preston Ave $ 295,000
8A 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 $ 568,000
22A 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 $ 410,000
4/66 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 $ 305,000
4/34 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 $ 370,000
2/1240 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 $ 770,000
9 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 $ 278,000
1113 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 $ 285,000
10/14 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 $ 320,000
1/1152 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 $ 542,000
158 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 $ 856,800
68 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 $ 362,100
2/814 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 Information Please contact
Vincent Barnao 021 275 8925 846 9470 [email protected]