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New listings in April ‘staggering’ for real estate company

New listings in April ‘staggering’ for real estate company

One real estate company has experienced a 79.55% increase in the number of new residential property listings for the month of April compared to April last year.

Century 21 New Zealand says the staggering increase nationwide shows there are plenty of people still out there keen to sell their properties.

“For us getting listings is not a problem. For sure things have levelled out in Auckland and the time to sell period has stretched out. However, this latest statistic shows there’s still plenty of activity particularly in the regions,” says Geoff Barnett, National Manager of Century 21 New Zealand.

He says one of the contributing factors to Century 21’s significant new listings for April was that following a period of planning and construction many subdivisions and apartment developments have now come onto the market.

Another factor was the mixed bag of economic and confidence forecasts, which have meant some people have opted to get their property on the market sooner rather than later and before winter sets in.

The real estate boss says as well as strong listings, Century 21’s offices in regional New Zealand, including Waikato and Central North Island, continue to produce solid sales data.

What’s more Century 21 First Choice Realty in Wellington Central has enjoyed a very good 2018 so far, with Mr Barnett upbeat about the capital’s prospects over the next few years.

“Somewhat like Christchurch a few years ago, Wellington will experience a lot of construction activity. I’m talking about new buildings going up, replacing ones that were damaged by the Kaikoura earthquake as well as all the strengthening work that’s now required. It’s activity that will all positively filter right through that local economy,” he says.

He believes in this buyers’ market, vendors are increasingly having to assess an agent’s ability to market and negotiate, while still securing a great sale price. Century 21’s strength in new listings reflects of the company’s reputation and reach.

“More business for Century 21 has been helped by the fact we’ve got the international training, sales systems, and an unbeatable global reach. Most importantly the 79.55% lift in new listings reflects our clients’ confidence in us to get the job done,” says Geoff Barnett.

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