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This Week's Lifestyle Properties and Open Homes

It’s been quite a wet week this week, but we are in the middle of winter, so to be expected in some ways.
Current lifestyle listings across Napier and Hastings are hovering just around 100 with only three new properties launched in the last three weeks.  The total number is not abnormal for winter, but the lack of new listings coming to market is slightly unusual.  However, this can bode very well for those looking to make a buying decision as some vendors are keen to see a result to enable them to make their next move before spring when traditionally, there is more competition.
We have also been speaking with mortgage advisors this week, and there’s some light at the end of the tunnel with new discounted rates coming out this week and predicted to carry on.  There is also an understanding that the banks are working with strong margins so there is likelihood that new, lower rates will continue to present to the market.  Now we just need the media to recognize that!

SOLD this week!!
376 Salisbury Road, Maraekakaho
Lot 1 776 Seafield Road

New Listing 
285 Te Mata Mangateretere Road, Havelock North - Wow what a cracker this property is! Premium location, three bedroom plus office home and fantastic, purpose-built business shedding not often available, all on an easy care section. Make sure you make it to the first open home this weekend so that you can get your ducks in a row and ready to Tender! Tenders close 4.00pm Thursday 15th August 2024 (will not be sold prior).

Our new 3.1ha lifestyle listing in Clive will now be live next week. However, please don't hesitate to call for further details if this may be of interest to you.

Price Changes
167 Richmond Road, Clive - now priced From $1,500,000 plus GST

Tenders Closing next week - Thursday 25th July
352 Te Mata Mangateretere Road, Havelock North
Lots 1 & 2, 1667 Kahuranaki Road

Under Contract
1223 Jellicoe Street, Hastings
Lot 3, Avery Road

Have a lovely weekend and, as always, please call or email if you would like more information for any of our listings or the real estate market in general!