PROPERTY MARKET UPDATE FEBRUARY 2025 BASED ON RESULTS FOR JANUARY 2025
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NORTHLAND in a SNAPSHOT: Volume UP +14.0% on 2024 and DOWN on last month -38.0% with median price DOWN – 8.3% on 2024 and UP + 9.1% on last month, days to sell sitting at 58 days.
Click on this image to see more about current properties For Sale with Team Davis
January 2025 ended up being very patchy with some properties seeing good attendance at Open Homes and others not, First Home buyers were the most active group followed by second home buyers a good number of these with people moving to Whangarei. With further reductions in interest rates coming and a .50point reduction just announced mid-February, we are expecting there to be good interest in our property market with both First Home and Second Home buyers. High end ie. Properties over $1m are also continuing to get more interest with recent sales made showing that Aucklanders are still looking to move north. With the Auckland market itself improving this should continue in 2025.
If you are thinking of Selling, we would love to work with you to get the best result, so call us now for a FREE Property Appraisal and we’ll discuss this with you.
For overall Price Movement – See the 5 year price graph below which highlights pricing movement
NATIONAL OVERVIEW: (by REINZ)
“January 2025 showed some positive signs across the New Zealand property market, tempered with the usual slowness of the holiday period.
While the numbers predictably show January being a slower month due to the holidays, sales and listings were higher compared to January 2024, and open home volumes were strong across the country with a positive sentiment shown from buyers.” says Jen Baird REINZ CEO
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“Owner-occupiers and first-home buyers were the most active buyer groups in Northland in January. Most vendors are aware of market conditions and set realistic price expectations, some adjusted their expectations to meet the market, and some held firm on their original expectations.
Open home attendance varied, with properties that are well priced or new to the market drawing more interest. There were good levels of attendance at some auctions, but auctions saw the majority passed in.
Market sentiment was more positive, with buyers showing more confidence thanks to lower interest rates, more listings to choose from, and pricing remaining steady. These factors are contributing to a lack of urgency among buyers, although enquiry levels are good. Local agents predict that activity may slowly start to improve over the next few months.” Says Jen Baird REINZ CEO
Good Property Marketing is helping us to find the best buyers for our properties, ensuring that our vendors get the best result. Call us as we would love to help you get the best result for your property.
5 YEAR MEDIUM PRICE MOVEMENT FOR NORTHLAND TO JANUARY 2025
If you want to sell your property, please give us a call as now is a good time to be talking and looking at the best method of taking your property to the market.
Please call us 021 820 015 to discuss your property needs further.
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Click here to download the complete Property Report from REINZ
