Hamilton

Your local property report This report covers your local suburbs of Bader, , Chartwell, Chedworth, , , Dinsdale, , Fairfield, , Fitzroy, Flagstaff, Forest Lake, Frankton, Glenview, Grandview Heights, Hamilton Central, Hamilton East, , , Hillcrest, Huntington, , Melville, Nawton, , , Riverlea, , Rototuna

March 2020

Brought to you by the team at LJ Hooker Hamilton pq ph. 07 834 0313 ef [email protected] wx hamilton.ljhooker.co.nz/ Your local property report

What’s happening in our local property market

Recent Sales (12 months)

At LJ Hooker Hamilton our goal is to provide you with the information you need to make confident decisions about property - whether you are buying, selling, investing or renting. We have created this report which details local market conditions and how property is performing in your area which at times can be very different to the combined performance of the capital cities. Let us help you stay on top of changes in your local property market every month.

Across our local market, we have seen 3,631 properties listed for median of $566,000. sale, over the past 12 months, which is lower than the same time last year. This has impacted sales with 2,533 taking place over the The most traded suburb for homes in our area has been Hamilton past 12 months. Looking at the market, the best performing suburb, East with 236 homes sold over the past 12 months. Dwelling prices over the past 12 months, has been Hamilton Central which has seen in Hamilton East have performed well with growth of 2.3% and now its median sales price grow by 26.4%. The median sales price of a have a median price of $523,000. home in Hamilton Central is now $617,000. Nawton saw its median The time it takes to sell a home in our region ranges from 16 days in sales price grow by 13.0% with the median price now sitting at Saint Andrews to 49 days in Western Heights. $469,000 and Fitzroy grew 12.1% across 22 individual sales with a

Suburb performance Strongest growth 26.4% Hamilton Central 12 months SOLD

SOLD Hamilton Central 47 $617,000 26.4% 41 Most traded 236 Nawton 167 $469,000 13.0% 25 Hamilton East properties Fitzroy 22 $566,000 12.1% 19 Fastest sellers 16 Saint Andrews 98 $571,000 9.4% 16 Saint Andrews days SOLD Number sold (12 months) Median Price Median Growth 12 months Median Days on Market

Hamilton Your local property report

This month it’s all about Hamilton East

One of the most popular suburbs in our region is Hamilton East where 339 homes were listed for sale over the past year.

Homes in Hamilton East have an average land size of 430 square metres.

The suburb is tightly held with residents typically holding their home for 8 years.

The median value of dwellings in Hamilton East is $545,800. This is higher than the median sales price which is currently $523,000.

Over the past 12 months, buyer interest has eased with 236 homes sold this year compared to 267 sales last year.

Homes are typically selling within 23 days.

Sales prices have stabilised by 2.3% over the past 12 months. All of this means it is now a great time to sell in Hamilton East.

Recent Sales (12 months) Snapshot on Hamilton East

SOLD

Number of Median Average Change in Average Days Total Value Median Indicative Gross Properties Sold Sale Price Median Price on Market of Sales Asking Rent Rental Yield 236 $523,000 2.3% 23 $124.34m $395 3.8%

Sales and Listings – Hamilton East Prices and change – Hamilton East

Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years

Hamilton Your local property report

Recent Area Sales

1 Kingsley Street, Saint Andrews 177 Maeroa Road, Maeroa

2 1 1 0m2 2 1 3 713m2

Sale Price$495,000 Property Type Dwelling Sale Price$540,000 Property Type Dwelling Sale Date26/02/20 Days on Market 57 Sale Date24/02/20 Days on Market 21

30A Brooklyn Road, Claudelands 9 Fernwater Place, Flagstaff

3 1 1 0m2 4 2 2 880m2

Sale Price$632,000 Property Type Dwelling Sale Price$780,000 Property Type Dwelling Sale Date22/02/20 Days on Market 115 Sale Date21/02/20 Days on Market 10

18A Kelvin Place, Hamilton East 53 Carey Street, Maeroa

3 2 0 0m2 4 2 1 685m2

Sale Price$672,000 Property Type Ownership ho Sale Price$721,000 Property Type Dwelling Sale Date20/02/20 Days on Market 23 Sale Date20/02/20 Days on Market 31

Hamilton LJ Hooker Hamilton Real Estate Associates Ltd Licensed REAA 2008 ph. 07 834 0313 [email protected] hamilton.ljhooker.co.nz/

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