And now we have rolled into July 2020 – WOW half way through the year.
- June 2020 was another excellent month in the Gisborne Real Estate world. ‘Stalled’ properties midst Covid-19, and those that were subsequently postponed, boosted the sold numbers for June 2020;
- Considering there were 57 sales in June last year, and a respectable 54 in June this year – Gisborne weathered the Covid-19 storm well – with a 6% increase on median sale price from $415,000 [May 2020] to $440,000 [June 2020]; AND
- A whopping 29.4% increase on median sale price from $340,000 in June last year, to a solid $440,000 June 2020;
- Looking at March, April, May, June 2020 – the Median sale price above the 2017 RV, was overall sitting around the 60-65% above;
- In June, there was such a vast range of residential properties sold – the cheapest being $155,000 [a unit in a lifestyle complex], and a Te Hapara riverfront home selling over the million dollar mark;
- As is typical with the Winter months, less good quality stock on the market, with Sellers waiting for the warmer months, means active buyers competing, which continue to drive the prices up;
- Gisborne continues with a strong market for Sellers – my advice if you are thinking of Selling, don’t wait for the Spring/Summer rush where you will be in competition with multiple other Sellers … jump the gun now, and stand out in isolation like a shining star, rather than in competition with masses;
- Curious about the market value of your property, and in the early stages of thinking about a property move : let’s talk, assess the true likely market value for your property and strategise the best plan of attack to get you moving onto your next real estate journey; the time has never been better;
- Book your Appraisal with me, Tracy your local Real Estate Expert. Naturally no cost, no obligation : just a relaxed informed professional opinion to give you some clarity about your real estate needs.
If you have any general real estate questions do feel free to call me on P: or M: always up for a chat and to help. And of course, if you are thinking of selling or know someone who is, I’d love to help.