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