Hamilton property market continues to perform well

MEDIA RELEASE

Hamilton property market continuing to perform well

1 July 2009: A strong level of activity is continuing in the Hamilton real estate market, which hasn’t experienced the traditional winter slow-down, according to the General Manager of Harcourts Hamilton franchise, Brian King.

Mr King says Monarch Real Estate, which operates five Harcourts branches in Hamilton, has had two excellent months, with a good volume of sales occurring “across the board”.

“Over the past few months we have continued to experience a lot of buyer enquiry and a good percentage of that has been turned into sales,” Mr King says, explaining that interest has been strong for all property types and in all price brackets.

“This is a different scenario to what we typically experience at this time of year. Usually as winter starts to kick in people tend to sit tight, and wait until spring to buy and sell property, but this year the volume of sales hasn’t eased off.”

“Also interestingly we have noticed that there has been an increase in enquiry for bare sections too, which is something we haven’t seen for a while.”

Mr King says he thinks one of the reasons for the renewed interest in sections is that there is a shortage of housing on the market in Hamilton.

“As we have been reporting for a while, the revival in activity in the market has depleted the amount of available stock, and this isn’t being replenished at an adequate rate to satisfy all of the buyers out there.

“So, I think some of those buyers are now looking at the possibility of building their own homes, particularly given the pricing and availability of builders these days.”

ENDS

© Scoop Media