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 East, , , Hillcrest, Huntington, , Melville, Nawton, , ,

June 2019

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 3,780 properties listed grew 9.9% across 55 individual sales with a median of $521,000. for sale, over the past 12 months, which is higher than the same time last year. This has impacted sales with 2,887 taking The most traded suburb for homes in our area has been place over the past 12 months. Looking at the market, the best Hamilton East with 246 homes sold over the past 12 months. performing suburb, over the past 12 months, has been Western Dwelling prices in Hamilton East have performed well with growth Heights which has seen its median sales price grow by 17.2%. of 4.9% and now have a median price of $509,000. The median sales price of a home in Western Heights is now The time it takes to sell a home in our region ranges from 16 days $717,000. Deanwell saw its median sales price grow by 11.3% in Fairview Downs to 44 days in Hamilton Lake. with the median price now sitting at $473,000 and Claudelands

Suburb performance Strongest growth 17.2% Western Heights 12 months SOLD

SOLD Western Heights 20 $717,000 17.2% 25 Most traded 246 Deanwell 18 $473,000 11.3% 18 Hamilton East properties Claudelands 55 $521,000 9.9% 24 Fastest sellers 16 Forest Lake 59 $531,500 8.7% 27 Fairview Downs 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 347 homes were listed for sale over the past year.

Homes in Hamilton East have an average land size of 454 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 $517,500. This is higher than the median sales price which is currently $509,000.

Over the past 12 months, buyer interest has eased with 246 homes sold this year compared to 319 sales last year.

Homes are typically selling within 22 days.

Sales prices have stabilised by 4.9% 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 Average Days Total Value Median Indicative Gross Properties Sold Sale Price in Median Price on Market of Sales Asking Rent Rental Yield 246 $509,000 4.9% 22 $128.44m $395 4.0%

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

61 Karen Crescent, Dinsdale 1D Charlemont Street,

3 1 1 664m2 3 1 0 0m2

Sale Price $444,000 Property Type Dwelling Sale Price $558,000 Property Type Ownership ho Sale Date31/05/19 Days on Market 116 Sale Date31/05/19 Days on Market NA

15 Keston Crescent, Flagstaff 15 Cherrywood Street, Pukete

4 2 2 555m2 4 3 2 640m2

Sale Price $807,500 Property Type Dwelling Sale Price $820,000 Property Type Dwelling Sale Date31/05/19 Days on Market 51 Sale Date30/05/19 Days on Market 22

5 Croall Crescent, Saint Andrews 4 Tui Avenue, Forest Lake

3 1 0 690m2 5 1 2 0m2

Sale Price $430,000 Property Type Dwelling Sale Price $472,000 Property Type Dwelling Sale Date30/05/19 Days on Market 7 Sale Date30/05/19 Days on Market 81

Hamilton LJ Hooker Hamilton Real Estate Associates Ltd Licensed REAA 2008 ph. 07 834 0313 [email protected] hamilton.ljhooker.co.nz/ Come inside or visit ljhooker.co.nz to find out more.

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