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Christchurch Metro Overview

Christchurch Metro Overview


There has been a clear drop in the number of new listings and auctions in the Christchurch Metro region, however written sales are up by 10.2%. This indicates, while demand remains high, sellers are hesitant about listing their homes for fear they will not be able to buy elsewhere.


Winter is also traditionally a time when vendors hold back from listing,
preferring to wait until the warmer spring months. However, as demand
remains high and average prices continue to rise, the prudent vendor
would do well to list their property now, while competition is low.


Those looking to buy can expect more choice when spring comes.


Construction will also soon lead to more choice, with Christchurch’s
residential construction activity now at Auckland levels. This is a
reflection of the post-earthquake rebuild, with new builds making up
the majority of this.

Ends

© Scoop Media

 
 
 
 
 
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