TE ATATU MARKET REPORT

March 2021 barfoot.co.nz/te-atatu

Welcome to our SOLD – Te Atatu Market Report magazine for March 2021

Our magazine contains the latest available information regarding property sales in Te Atatu along with details of market trends, stats and tips. Aucklanders continue to have an almost insatiable appetite for property market intelligence, so each month we will share details of the trends in your area. This is just part of our commitment to continue delivering you the highest level of service. We’ve been locals for decades so we know the area well. Our goal is to apply this knowledge for you so you’re able to make the most of the opportunity that today’s and tomorrow’s market presents. Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs. Thank you and all the best for the coming month. Leonie Higgins and the Te Atatu team

Te Atatu branch P 09 834 3570 534 Te Atatu Road E [email protected] Te Atatu, Auckland 0610 barfoot.co.nz/te-atatu LATEST NEWS

Good year’s start to Auckland property sales continues in February

In February, Auckland property sales with the average price reaching were stronger than they were at $1,075,408, up 0.7 percent on the height of the last property cycle January’s average price, and a between 2015 and 2017. median price of $1,010,000, up 3.6 percent in a month. “In February we sold 1,124 properties, and you have to go back 17 years to “February’s median price was the find a February when we sold more highest on record, and $5,000 Peter Thompson homes,” said Peter Thompson, Managing higher than the previous record set Director Director of Barfoot & Thompson. in December.

“In terms of sales numbers and the “At month’s end we had 3,416 prices paid, February was exceptional. properties on our books, the highest number for three months. “More than half the homes sold in the month went for prices in excess of $1 “This number, combined with the million, whereas last year on average level of homes in the sales pipeline, $1 million homes accounted for a little will contribute to March likely being above 40 percent of monthly sales. a strong sales month.

“In January homes in this price “The market is now set to remain category edged up to 49 percent of active throughout autumn. sales, and in February the trend was “Rural and lifestyle property activity consolidated with $1 million plus sales in February was nearly three times reaching 56 percent of all sales. as active as it was for the same “The speed with which this percentage month last year. has increased underlines the “Increased payout projections for significant movement in prices that dairy farms, combined with banks have occurred in recent times. again lending on this type of property, “In February we listed 1,941 new has seen an increase in demand for properties, a significant number for a dairy land. There is also strong interest February, but it did nothing to take the in demand for land to plant trees. edge off Auckland buyer demand or “Top end lifestyle homes are in short dampen price increases. supply, which has caused a lift in bare “Both the average and median sales land sales especially for elite sites and prices increased during the month land suitable for subdivision.” Sales data Te Atatu Peninsula & Te Atatu South February 2021

Average sale price: $1,180,677 Highest sale price: Median sale price: $1,990,000 $1,127,500 Lowest sale price: Median CV: $520,000 $907,500

Total sales Sales $0-$750K: 2 February 2021: 62 Total sales Sales $750K - $1M: 19 February 2020: 50 Sales $1M-$1.5M: 32 Total monthly sales are up 24% compared to the same period last year. Sales $1.5M+: 9

Talk to us about Barfoot & Thompson’s number of days on the market for our different sale methods. We DO make a difference.

This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. Market share and figures

Overall market share Barfoot & Thompson Over the last 12 months, Barfoot & Thompson sold more property in our area than any competitor.

45% For the period from 1st March 2020 to 28th February 2021, we sold 45% of all properties in the area – that’s more than 2600 sales made by Barfoot & Thompson!

Market leaders We sell across all price brackets and types of property. Here’s proof why people continue to list and sell with Barfoot & Thompson.

Market share $0-750k Market share $750k-1M Market share $1-2M

Barfoot & Thompson Barfoot & Thompson Barfoot & Thompson 44% 44% 47%

Market share $2-3M Market share $3+

Barfoot & Thompson Barfoot & Thompson 41% 30%

* Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. The local area shown includes: Avondale, Blockhouse Bay, Edmonton, Glen Eden, Glendene, Green Bay, Henderson, Herald Island, Hillsborough, Hobsonville, Huapai, Kelston, Kumeu, Lynfield, Massey, McLaren Park, New Lynn, New Windsor, Ranui, Riverhead, Royal Heights, Sunnyvale, Swanson, Taupaki, Te Atatu Peninsula, Te Atatu South, Waiumauku, Waitakere, Waterview, West Harbour, Western Heights, Whenuapai, Woodhill. Totals are cumulative, baselined on the 13th of each respective month for sales in the previous calendar month. Number of sales 1st December 2020 to 28th February 2021 compared to same period last year.

65 Avon dal e 89

28 Glendene 37

12 Kelston 15

137 Massey 167

73 Te Atatu Peninsula 93

54 Te Atatu South 93

0 20 40 60 80 100 120 140 160 180

Same Period Last Year Last 3 months Same period last year Last 3 months

60% of properties in Te Atatu* sold for $1 million or more over the last 3 months *Te Atatu Peninsula & Te Atatu South

Average sale price 1st December 2020 to 28th February 2021 compared to same period last year.

$953,839 Avon dal e $1,115,930

$863,209 Glendene $849,865

$731,333 Kelston $876,520

$904,982 Massey $874,729

$907,275 Te Atatu Peninsula $1,259,933

$835,655 Te Atatu South $1,053,739

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000

Same Period Last Year Last 3 months Same period last year Last 3 months

Figures shown on this page include information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where sales information was not publicly available, an individual sale may have been excluded from the average results and tallies. Totals are cumulative, baselined on the 13th of each month for the available results made in the previous calendar month. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. TIME TO SELL! OFFERS & NEGOTIATION

TOP TIPS Why working with Barfoot & Thompson can help sell your home. In our recent editions we have examined the steps involved in selling your home from getting ready to sell right through to the ins and outs of open homes. This article discusses what to expect when the time comes to look at offers. Remember we have more information and a range of videos on our website to help you make the very best choices. barfoot.co.nz barfoot.co.nz/sell/selling-guide

Now it gets exciting!

The marketing has hit its targets and now buyers want to proceed with an offer...

Auction As we all know: where there are offers, often negotiation is involved! How an offer is made, along with the particular terms and conditions on which a sale depends, will be determined to some extent by the method of sale you have chosen. In every case, your Barfoot & Thompson salesperson will be there at every step to guide and assist you - and liaise between you and the buyer.

When selling by auction you will have set for a deposit are made (usually by cheque terms and conditions of the sale together with or by bank transfer the same day), and the our auction department and your solicitor. remainder of the purchase price is due on settlement day. Should the property not sell This is recorded in an agreement that will be at auction, then there is room for conditional sent to interested parties during the marketing buyers to enter the arena and an agreement campaign so they are fully informed before can be negotiated. auction day. During the weeks leading up to the auction, a buyer might ask for a variation on your terms and conditions. For example, a party may ask you to agree to a different possession date, should they be the highest bidder on the day. This is formally documented and signed off by both parties well before the auction; and the decision to agree, or not, is always yours. Sometimes, an acceptable offer is made before auction day, which may lead to the auction being brought forward, this is referred to as a pre-auction offer. In this scenario, the acceptable offer serves as the opening bid, while other interested parties are given the opportunity to bid upward from there. Once the property has sold under the hammer, you and the purchaser are asked to sign the contract documenting the sale, which will then be distributed to your and their solicitors for processing. Arrangements Sometimes an unconditional offer is made What can I expect on where the only aspect left to negotiate is auction day? price. This is called a ‘cash unconditional’ offer and once both parties agree on the price, the For detailed information about all of the steps property is sold. and what to expect on Auction day head to our website – we have dedicated pages for both buyers and sellers including videos from Tender our salespeople and top auctioneers. If you have decided to sell by tender, your salesperson will present you with offers at the Watch: youtu.be/Vh_Y3RukE6s set day and time the tender closes. The terms and conditions in the agreement as well as the offered price will help determine which offer you would like to accept, or whether you would like to negotiate further. Offers are private and confidential - they are for your consideration, for which you are allowed to allocate a time frame of five working days. The terms and conditions in the agreement, as well as the offered price will be determining factors in your decision which offer you would like to accept or Sellers guide to auctions negotiate further. barfoot.co.nz/sell/selling-methods/ Once an offer is accepted, you will sign it guide-to-auctions and the agreement will be distributed to the solicitors for processing. If the agreement is Buyers guide to auctions contingent on conditions, then the purchaser barfoot.co.nz/buy/ways-to-buy/ has a number of working days specified auctions to satisfy these. When these conditions complete, the agreement becomes unconditional and the property is sold. During this period your sales person as well as your solicitor will be working together with the buying party to facilitate the sale at Negotiation every step.

If you have decided to sell by negotiation offers can be presented at any point. As with More info: auctions and tenders, offers are presented in writing on a sale and purchase agreement. Remember we have a wide range of You will consider the terms and conditions in information for buyers and sellers the agreement, as well as the price in order to including many videos and step by determine whether you would like to accept or step guides on our Youtube channel. negotiate further via a counter offer. www.youtube.com/user/ Once you have accepted an offer, signatures BarfootThompsonNZ are required on a final document and this agreement will be distributed to both parties’ Head to our website for more or solicitors. If the agreement is contingent on contact one of our team directly. conditions, then the purchaser has a number of We’re happy to help. barfoot.co.nz working days specified to satisfy these and the agreement becomes unconditional once this is completed - meaning your property has sold! Te Atatu Peninsula January 2021

RECENT SALES

The following pages show a summary of sales in Te Atatu Peninsula and Te Atatu South made by all selling agencies during February 2021. Our sales data includes information submitted by the selling agency and may include some private sales. Where details of a particular sale may not have been able to be fully verified, it may be omitted from our reports. Please do not hesitate to contact any of our sales team if you would like more information, we would be delighted to help you with your real estate needs. Every reasonable effort has been made to ensure the accuracy of the information presented. Land and floor sizes are approximate, sourced from REINZ, Auckland Council or other public sources and may contain inaccuracies. Barfoot & Thompson Limited (REA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. Te Atatu Peninsula February 2021

1 Arorangi Rise Sale price $1,350,000 CV $1,220,000 Land Size 304 Floor size 241 Bedrooms 5

12 Arorangi Rise Sale price $1,345,000 CV $1,220,000 Land Size 330 Floor size 243 Bedrooms 5

8 Arorangi Rise Sale price $1,250,000 CV $1,230,000 Land Size 300 Floor size 247 Bedrooms 5 49 Graham

1A Brennan Avenue Sale price $900,000 CV $770,000 Land Size 327 Floor size 70 Bedrooms 2

5 Brookfield Road Sale price $1,550,000 CV $1,050,000 Land Size 809 Floor size 100 Bedrooms 3

25 Cellarmans Street Sale price $1,815,000 CV $1,255,000 Land Size 540 Floor size 260 Bedrooms 5

3B Edgerton Road Sale price $1,382,500 CV n/a Land Size n/a Floor size n/a Bedrooms 4

23 Enderby Drive Sale price $925,000 CV n/a Land Size 340 Floor size 165 Bedrooms 4

49 Graham Avenue Sale price $1,588,000 CV $1,000,000 Land Size 680 Floor size 94 Bedrooms 3 Te Atatu Peninsula February 2021

21 Hamurana Place Sale price $1,332,000 CV $1,250,000 Land Size 331 Floor size 590 Bedrooms 5

7 Kervil Avenue Sale price $1,710,000 CV $984,900 Land Size 809 Floor size 100 Bedrooms 3

24 Kotuku Street Sale price $970,000 CV $904,050 Land Size 461 Floor size 100 Bedrooms 4

2/9 London Street Sale price $985,000 CV $830,000 Land Size Crosslease Floor size 80 Bedrooms 3

71A Neil Avenue Sale price $1,430,000 CV $1,290,000 Land Size 400 Floor size 242 Bedrooms 4

7/1 Piriti Drive Sale price $1,000,000 CV $750,000 Land Size n/a Floor size 111 Bedrooms 3

34 Riverstone Road Sale price $1,490,000 CV $1,125,000 Land Size 532 Floor size 260 Bedrooms 4

15A Rixon Place Sale price $1,145,000 CV $920,000 Land Size 467 Floor size 134 Bedrooms 3

3A Springbank Lane Sale price $1,080,000 CV $1,080,000 Land Size 158 Floor size 191 Bedrooms 4 Te Atatu Peninsula February 2021

130C Taikata Road Sale price $1,180,000 CV n/a Land Size 303 Floor size 123 Bedrooms 4

58 Taikata Road Sale price $1,538,000 CV $1,175,000 Land Size 809 Floor size 130 Bedrooms 4

2/60 Taikata Road Sale price $920,000 CV $760,000 Land Size Crosslease Floor size 80 Bedrooms 3

63 Taikata Road Sale price $1,680,000 CV $1,100,000 Land Size 819 Floor size 160 Bedrooms 3

76A Taikata Road Sale price $1,031,000 CV $920,000 Land Size 494 Floor size 120 Bedrooms 4

1/25 Taioma Crescent Sale price $905,000 CV $710,000 Land Size Crosslease Floor size 100 Bedrooms 2

2/11 Taipari Road Sale price $900,000 CV $810,000 Land Size Crosslease Floor size 90 Bedrooms 3

41 Taipari Road Sale price $1,388,000 CV $1,150,000 Land Size 1176 Floor size 140 Bedrooms 3

2/25 Tawa Road Sale price $800,000 CV $620,000 Land Size Crosslease Floor size 60 Bedrooms 3

Te Atatu Peninsula February 2021

811 Te Atatu Road Sale price $1,340,000 CV $916,300 Land Size 690 Floor size 160 Bedrooms 4

47A Totara Road Sale price $1,200,000 CV $1,025,000 Land Size 364 Floor size 174 Bedrooms 4

17 Waru Lane Sale price $835,000 CV $800,000 Land Size 85 Floor size 122 Bedrooms 4

This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. Te Atatu South February 2021

16 Bedford Street Sale price $1,095,000 CV $770,000 Land Size 809 Floor size 120 Bedrooms 3

21 Bordeaux Parade Sale price $1,215,000 CV $1,125,000 Land Size 400 Floor size 233 Bedrooms 5

35 Bordeaux Parade Sale price $1,165,000 CV $1,100,000 Land Size 334 Floor size 225 Bedrooms 5

56 Covil Avenue Sale price $1,990,000 CV $1,575,000 Land Size 1232 Floor size 280 Bedrooms 5

24 Divich Avenue Sale price $1,450,000 CV $880,000 Land Size 825 Floor size 170 Bedrooms 3

221 Edmonton Road Sale price $1,330,000 CV $860,000 Land Size 809 Floor size 110 Bedrooms 5

2/239 Edmonton Road Sale price $946,000 CV $850,000 Land Size 1103 Floor size 120 Bedrooms 3

13A Lyndhurst Road Sale price $1,105,700 CV $980,000 Land Size 420 Floor size 170 Bedrooms 3

1/10 May Avenue Sale price $860,000 CV $700,000 Land Size Crosslease Floor size 110 Bedrooms 3 Te Atatu South February 2021

Lot 37/148 Mcleod Road Sale price $759,000 CV $815,000 Land Size n/a Floor size 92 Bedrooms 3

147/172 Mcleod Road Sale price $520,000 CV $415,000 Land Size n/a Floor size 75 Bedrooms 1

38/172 Mcleod Road Sale price $731,800 CV $573,500 Land Size n/a Floor size 120 Bedrooms 3

94 McLeod Rd Sale price $995,000 CV $900,000 Land Size 350 Floor size 183 Bedrooms 4

7 Merville Avenue Sale price $890,000 CV $710,000 Land Size 400 Floor size 130 Bedrooms 5

11 Milich Terrace Sale price $1,205,000 CV $830,000 Land Size 812 Floor size 130 Bedrooms 3

11 Nui Mana Place Sale price $1,480,000 CV $1,350,000 Land Size 645 Floor size 260 Bedrooms 4

7 Porter Avenue Sale price $1,007,000 CV $690,000 Land Size 405 Floor size 90 Bedrooms 3

23 Riverglade Parkway Sale price $870,000 CV $910,000 Land Size 403 Floor size 178 Bedrooms 4 Te Atatu South February 2021

12 Roberts Road Sale price $1,005,000 CV $720,000 Land Size 456 Floor size 141 Bedrooms 3

2/14 Roberts Road Sale price $841,000 CV $690,000 Land Size Crosslease Floor size 110 Bedrooms 2

1 Royal View Road Sale price $1,451,000 CV $980,000 Land Size 809 Floor size 100 Bedrooms 3

8 Sheehan Road Sale price $1,095,000 CV n/a Land Size 917 Floor size n/a Bedrooms n/a

100 Te Atatu Road Sale price $1,625,000 CV $905,000 Land Size 1120 Floor size 110 Bedrooms 3

106 Te Atatu Road Sale price $1,400,000 CV $905,000 Land Size 1123 Floor size 140 Bedrooms 4

11 Te Atatu Road Sale price $1,485,000 CV $940,000 Land Size 1004 Floor size 100 Bedrooms 3

228B Te Atatu Road Sale price $886,000 CV $780,000 Land Size 450 Floor size 157 Bedrooms 3

54C Te Atatu Road Sale price $775,000 CV $570,000 Land Size 258 Floor size 75 Bedrooms 2 Te Atatu South February 2021

36A Tirimoana Road Sale price $1,020,000 CV $1,025,000 Land Size 457 Floor size 160 Bedrooms 3

124 Tiroroa Avenue Sale price $1,610,000 CV $1,000,000 Land Size 814 Floor size 180 Bedrooms 5

90 Tiroroa Avenue Sale price $995,000 CV $780,000 Land Size 402 Floor size 138 Bedrooms 3

9A Tiroroa Avenue Sale price $1,325,000 CV $1,150,000 Land Size 528 Floor size 244 Bedrooms 5

121 Vodanovich Road Sale price $1,110,000 CV $840,000 Land Size 852 Floor size 100 Bedrooms 3

This publication shows data regarding a wide selection of published residential property sales that have recently occurred. It includes information from multiple sources and published reports of sales made by most Real Estate agencies and may include private sales. Where data is not publicly available, an individual sale may have been excluded from the average results and tallies shown in this report. Every reasonable effort has been made to ensure the accuracy of the information. Barfoot and Thompson Limited (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. Meet the team

Barfoot & Thompson’s Te Atatu office is located at 534 Te Atatu Road, in the heart of Te Atatu peninsula’s shopping centre. Our strong sales team, with over 75 years’ experience between them, provide an outstanding service to the area, and with our strong market share in this region, we have played a key role in Te Atatu’s increase in popularity. As part of the Barfoot & Thompson network, we have immediate access to more than 77 branches and 1,700 salespeople covering Auckland and Northland. Our website, www.barfoot.co.nz, is consistently one of the most viewed property websites in New Zealand, providing exposure to property listings 24 hours a day, seven days a week. In addition, we are one of the most technologically sophisticated agencies, with an advanced computer listings system and a reputation for providing the latest information on market trends. Leonie Higgins Our experienced staff will guide you through the process, looking at customised, Branch Manager cost-effective marketing solutions to sell your property for the best price. For those 021 983 332 who are looking to purchase property, we will listen to your requirements and assist you to buy the property that best suits your needs. We also operate a property management service, so if you are thinking of selling, buying, renting or becoming a landlord, either phone, or come in and see us.

Customer Service team

Marcia Jessen Office Administrator

Property Management team

Daniel Norcross Lamia Assali Danielle Williams Property Manager Property Property 027 839 1349 Management Management Assistant Assistant 021 024 19590 021 911 838 Residential Sales team

Mark Boyd Mickey Byun Paul Farry Enock Gandam Julie Hey 021 2444 774 021 992 453 0274 732 779 021 034 2949 021 356 021

Narender Kumar Mandy Li-Geraghty Qiao Liu Lisa Nielson Cherry Ning 021 326 880 021 892 088 021 850 665 021 558 764 021 809 080

Nicola O’Brien Shanthi Radha Krishnan Stella Shao Jay Suchak Carolyn Tongue 021 895 855 021 163 9095 021 037 4015 022 027 9909 021 668 082

Katie Williams Harry Yu 027 376 1225 021 420 916 AKTSM29

Deal with the company that does the most business. There’s a reason for it.

Barfoot & Thompson Te Atatu 534 Te Atatu Road, Te Atatu, Auckland 0610 Residential Sales 09 834 3570 Property Management 09 834 3328 Email [email protected]

barfoot.co.nz/te-atatu