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Dunedin Market Report - December 2016

Dunedin Property Report – December 2016 (Nov Data)

Despite the fact that Christmas is almost upon us the market is still very busy. Last month there were 269 sales, up from 204 in November 2016 and up too on 236 last November. The median sale price has decreased slightly to $325,000 from $340,000 last month.

The median number of days to sell is still low at 23 days but we should expect to see this increase with Christmas and the holiday period.

Listing numbers are still relatively low with 522 on Realestate.co.nz and TradeMe at 346.

It is interesting to see the increase in volume across almost all price ranges except the under $200,000 range which continues to fall as property values increase.

We are excited to announce the launch of our new website. We have listened to the feedback from the public and designed the new site specifically to take this feedback into account. You can check it out at nidd.co.nz

Now is a good time to be talking to our sales team about listing your property to maximise the New Year market which is traditionally one of the best times of the year for a great sale at a great price. Just send through a free appraisal request from the website or give us a call and we’ll get the ball rolling for you.

Don’t hesitate to contact us on [email protected] or 477 4470 if you would like to arrange a visit from one of the team to help establish the value of your property in the current market.

Joe Nidd AREINZ
Owner/Principal

Liz Nidd FREINZ
Team Mentor

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