Well I am ready for it … and today [Tuesday 22nd September 2020] was the first day I could sense it in the air. One of the neat things about Spring is buyers seems to be so extra smiley and open homes are a lot of fun when you can have a bit of a banter with buyers and their families under the gizzy sunshine as opposed to those rainy winter days – so bring it on I say !
And talk about “spring” [L.O.L] : Gisborne Residential Sales in August 2020 continue to bloom – WOW [click to view] August 2020 Sales [You would have noticed that it usually takes 2-3 weeks before I can put together the sales for each month, that is because they are not fully released by REINZ until a few weeks into the next months; so that is the reason for that].
Gisborne median sale price took a little hit downwards from $480,000 in July to $460,000 in August (even so that is a huge median sale price for our City) – BUT 2020 August was up $60,000 compared to the same time last year. AND, one of the most significant stats is the number of sales. August 2019 there were 54 sold but in 2020 only 37 – so that is where that supply and demand issue keeps appearing, and consequentially driving those prices up.
The average sale price above 2017 RV in Gisborne has topped the charts at around 70% above.
So I thought, I would check out my recent sales and my average is 95% so YAY for my Sellers.
Anyways have a magic day and here is to us all blossoming out of the Covid-19 Blues and into a Pink Happy next few months.