TE ATATU MARKET REPORT
August 2020 barfoot.co.nz/te-atatu
Welcome to our SOLD – Te Atatu Market Report magazine for August 2020
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 Auckland Property Market Shakes Off Economic And Election Apprehensions
Rather than being tempered by and 6.5 percent ahead of that for July medium-term economic concerns or last year. the approach of a General Election, the “The median price at $890,000 for the Auckland housing market has enjoyed month is down 2.2 percent on that for its strongest sales performance in a last month but is 11.2 percent ahead of July for five years. where it was in July last year. “In July, buyers put aside any “Sales numbers were strong across all apprehensions they may have about price categories. Sales of homes for future market values, and committed,” under $500,000 accounted for 9.9 said Peter Thompson, Managing percent of all sales, those for more than Director of Barfoot & Thompson. $2 million accounted for 4.7 percent, “While anecdotal market information and those for between $1 million and Peter Thompson suggested that July trading was going $2 million 34.6 percent. Director to be strong, the extent of activity will “A factor contributing to the high number have caught most forecasters of sales was the level of new listings, by surprise. which at 1518 were close to a third “Demand was so strong that you have higher than at the same time last year, to go back to the height of the last and the highest in a July for five years. property sales cycle to see turnover “At month end we had 3,873 listings and values of equivalent levels. on our books. Although this is down “Normally as we approach a General 3.2 percent on those for the previous Election the market goes a little quiet month they are in line with where as buyers take a ‘wait and see’ listings were at the same time last year approach, but even this event is not and gives buyers a reasonable choice. holding back activity. “The lifestyle and rural markets saw the “In July, the market built on the same increase in activity as occurred in unexpected lift following the lifting of the urban market, with these markets pre-Covid-19 restrictions, and we sold experiencing the highest volume of 1.095 properties. This is a level of sales sales and value of sales for the month normally only seen at the height of the of July since 2016. summer sales season and is only one “Activity was mainly driven by small property less than we sold in March, lifestyle blocks to the south and north of which was prior to the on-set Auckland with vendors and buyers being of Covid-19. in tune with where the market is at. “We have not sold this many properties “Farm sales interest in Northland for in a July since 2015. kiwi fruit, dairy and beef properties are “The average sales price at $979,189 more active this winter than in the past is the second-highest on record and is few years.” 2.7 percent up on that for last month Te Atatu sales data July 2020
Average sale price: $970,589 Highest sale price: Median sale price: $1,718,000 $925,000 Lowest sale price: Median CV: $571,500 $937,500
Total sales Sales $0-$750K: 15 July 2020: 62 Total sales Sales $750K - $1M: 25 July 2019: 49 Sales $1M-$1.5M: 17 Total monthly sales are down 26.5% compared to the same period last year. Sales $1.5M+: 5
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.
46.9% For the period from 1st August 2019 to 31st July 2020, we sold 46.9% of all properties in the area – that’s more than 2020 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 45.4% 45.4% 52.1%
Market share $2-3M Market share $3+
Barfoot & Thompson Barfoot & Thompson 41.3% 35.7%
* 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 May 2020 to 31st July 2020 compared to same period last year.
103 Avon dal e 74
30 Glendene 26
31 Kelston 22
142 Massey 150
70 Te Atatu Peninsula 63
78 Te Atatu South 69
0 20 40 60 80 100 120 140 160
Same Period Last Year Last 3 months Same period last year Last 3 months
35.5% of properties in Te Atatu sold for $1 million or more over the last 3 months Number of sales over $1 million: 22 of 62 (Te Atatu Peninsula & Te Atatu South, last 3 months)
Average sale price 1st May 2020 to 31st July 2020 compared to same period last year.
$1,338,207 Avon dal e $1,062,951
$795,980 Glendene $748,231
$829,396 Kelston $808,473
$782,246 Massey $817,260
$924,951 Te Atatu Peninsula $1,015,208
$799,434 Te Atatu South $874,132
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000
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. 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. FROM SALE TO SETTLEMENT
TOP TIPS Why working with Barfoot & Thompson can help sell your home. In our recent editions we have discussed the steps involved in selling your home, from getting ready to sell right through to the ins and outs of offers and negotiations. This article examines what happens after the sale, and on settlement day. Remember we have more information and a range of videos on our website to help you make the very best choices. barfoot.co.nz/sell/selling-guide
Congratulations: your property has sold! Now what? After the bubbly has been popped and the celebrations are over, our clients often ask us: “Now what?” Not to worry, the route from sale to settlement is a relatively straight forward one, and your Barfoot & Thompson sales person will guide you every step of the way.
Unconditional vs. Settlement Once the agreement you have signed “goes unconditional” it is legally binding, meaning both you and the purchaser now have to fulfil obligations specified in the contract in order for the property to change owership.
Deposit Upon the sale of the property, the purchaser is required to pay a deposit. We will hold this deposit in the Barfoot & Thompson trust account for 10 working days. We’ll work with both solicitors directly during this process and will let you know once the deposit has been transferred to your solicitor’s bank account.
Keys on Settlement On settlement day, the remainder of the purchase price of the property is paid to you, and the Property Title is transfered to the purchaser, who will then be the new owner. We’ll hold your house keys at our Barfoot & Thompson office until your solicitor advises us in writing that the above has taken place, at which point they’ll be made available for the new owner to collect. We won’t release your keys until we are legally entitled to do so.
What do I need to do? There is a number of things you’re required to do as part of your duties as a vendor:
• You must ensure all chattels included in the sale are in reasonable working order on settlement date. Excepting fair wear and tear, they should be in the same condition they were in on the date of sale. If there is any significant damage, the purchaser is entitled to compensation from you. • You must ensure all bills for electricity, gas, water and rates on the property are up to date. There should be no outstanding charges on the accounts on settlement day. Before Settlement:
• Make an appointment with your bank It’s good to remember that in between the to discuss your financial arrangements for date of sale and the date of settlement, the settlement day, and to sign the necessary property and chattels remain in your name. financial documents. This means you are responsible for any damage that may occur between the sale and • Make an appointment with your solicitor. the settlement date. You’ll need to arrange to sign the necessary legal documents to transfer the property from your name into that of the new owners. • Organise the move! Arrange for someone to look after your children or elderly family members during the packing/ moving process if required. Book a moving company if you’re using one, and start collecting boxes and newspaper to pack your things in. • Arrange the transfer of water, telephone, electricity and gas services. You’ll need to contact your service providers to notify them that you’re moving, and have all services at the property transferred from Watch: youtu.be/Ws4ftxnqa80 your name. You’ll also need to arrange final readings on the day of your move. Learn more about the steps between sale/ purchase and possession in our video • Transfer any other services and organise explaining what happens at the pre- your change of address. settlement inspection. • If your property is tenanted, you may Remember we have a range of video tips have arranged with the purchaser that the for sellers. Head to our website for more tenants stay on under the new ownership. If information: barfoot.co.nz/sell/video-tips so, this should have been included in the Sale and Purchase Agreement. If not, the property must be vacant on settlement date.
On Settlement Day: • If the property is sold with vacant Our salespeople have all the possession, then you must let the purchaser experience you need and are (or anyone authorised by them in writing) happy to provide you with more complete a property check prior to advice and information. Feel free settlement. They’ll check the condition of the to drop in at a branch, call, or property, including the chattels and fixtures that are included in the sale. They contact us online. must give you reasonable notice With Barfoot & Thompson, not for this visit. only do you have the strength • On the day of possession, you must make all of Auckland’s largest and most keys available to the purchaser. trusted real estate company • The set of keys should include all exterior behind you, you also have 1,700+ door keys, electronic door openers and keys salespeople working for you. or codes to any alarms on the property. If the property is tenanted, however, these items will remain with the tenant(s). RECENT SALES
The following pages show a summary of sales in Te Atatu Peninsula and Te Atatu South made by all selling agencies during July 2020. 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 July 2020
4/24 Dawnhaven Drive Sale price $640,000 CV $600,000 Land Size n/a Floor size 70 Bedrooms 2
3 Dawnhaven Drive Sale price $940,000 CV $850,000 Land Size 819 Floor size 80 Bedrooms 3
5A Dawnhaven Drive Sale price $1,235,000 CV $1,220,000 Land Size 444 Floor size 242 Bedrooms 4
15 Graham Avenue Sale price $950,000 CV $1,000,000 Land Size 354 Floor size 120 Bedrooms 3
38 Graham Avenue Sale price $1,300,000 CV $1,175,000 Land Size 812 Floor size 149 Bedrooms 3
13 Karamu Street Sale price $901,000 CV $740,000 Land Size 895 Floor size 90 Bedrooms 3
16 Karamu Street Sale price $892,000 CV $850,000 Land Size 436 Floor size 92 Bedrooms 3
8A Karamu Street Sale price $1,055,000 CV $1,080,000 Land Size 259 Floor size 214 Bedrooms 5
49B Kervil Avenue Sale price $1,280,000 CV $1,275,000 Land Size 464 Floor size 268 Bedrooms 5 Te Atatu Peninsula July 2020
67 Kervil Avenue Sale price $1,310,000 CV $1,075,000 Land Size 918 Floor size 98 Bedrooms 3
1/92 Kervil Avenue Sale price $858,000 CV $800,000 Land Size n/a Floor size 90 Bedrooms 3
14 London Street Sale price $937,000 CV $960,000 Land Size 675 Floor size 100 Bedrooms 3
14 Longbush Road Sale price $1,580,000 CV $1,545,000 Land Size 554 Floor size 244 Bedrooms 5
141 Matipo Road Sale price $990,000 CV $962,000 Land Size 460 Floor size 160 Bedrooms 3
13 Neil Avenue Sale price $892,000 CV $950,000 Land Size 809 Floor size 70 Bedrooms 2
444 Old Te Atatu Road Sale price $1,582,000 CV $1,500,000 Land Size 812 Floor size 330 Bedrooms 4
89 Taikata Road Sale price $1,115,000 CV $1,050,000 Land Size 345 Floor size 130 Bedrooms 4
1A Taipari Road Sale price $790,000 CV $764,400 Land Size n/a Floor size 90 Bedrooms 3 Te Atatu Peninsula July 2020
4A Taipari Road Sale price $960,000 CV $980,000 Land Size 404 Floor size 139 Bedrooms 3
644 Te Atatu Road Sale price $1,600,000 CV $1,125,000 Land Size 860 Floor size 120 Bedrooms 3
2/692 Te Atatu Road Sale price $765,000 CV $680,000 Land Size 1209 Floor size 60 Bedrooms 2
809 Te Atatu Road Sale price $1,150,000 CV $1,250,000 Land Size 751 Floor size 154 Bedrooms 5
16A Thomas Avenue Sale price $770,000 CV $730,000 Land Size 759 Floor size 90 Bedrooms 3
6 Vin Santo Lane Sale price $1,303,000 CV $1,090,000 Land Size 508 Floor size 206 Bedrooms 4
25 Waikura Drive Sale price $1,718,000 CV $1,925,000 Land Size 659 Floor size 323 Bedrooms 4
8 Waimanu Bay Drive Sale price $1,365,000 CV $1,365,000 Land Size 626 Floor size 275 Bedrooms 4
7 Waipani Road Sale price $915,000 CV $870,000 Land Size 675 Floor size 90 Bedrooms 3 List with a good listener.
At Barfoot & Thompson, we understand that every be 100% confident and happy with the process, so buyer’s needs are unique, and so we take the time we’ll never force you into a rushed decision. We to personalise our service accordingly. Once our believe getting you a result is only half the job – salespeople have sat down with you to determine you also need to be completely satisfied with how the right type of buyers for your property, we’ll we get there. No wonder we make one in three of produce a customised marketing plan that works Auckland’s property sales every day. Check out our with your budget and timeframe. We want you to website to find out more.
barfoot.co.nz Te Atatu South July 2020
19 Bordeaux Parade Sale price $1,119,000 CV $1,125,000 Land Size 359 Floor size 225 Bedrooms 5
3 Central Park Drive Sale price $620,000 CV $640,000 Land Size n/a Floor size 120 Bedrooms 3
1B Christina Avenue Sale price $1,100,000 CV $1,050,000 Land Size 479 Floor size 217 Bedrooms 5
14 Coniston Avenue Sale price $710,000 CV $510,000 Land Size 246 Floor size 90 Bedrooms 3
32A Cron Avenue Sale price $979,000 CV $1,050,000 Land Size 441 Floor size 206 Bedrooms 5
2/12 Duncan Avenue Sale price $640,000 CV $670,000 Land Size 1475 Floor size 100 Bedrooms 3
2/130 Edmonton Road Sale price $755,000 CV $640,000 Land Size n/a Floor size 90 Bedrooms 3
1/2 Finlow Drive Sale price $585,000 CV $465,000 Land Size n/a Floor size 50 Bedrooms 2
46 Glynnbrooke Street Sale price $787,500 CV $690,000 Land Size 641 Floor size 110 Bedrooms 3 Te Atatu South July 2020
7 Glynnbrooke Street Sale price $760,000 CV $680,000 Land Size 562 Floor size 100 Bedrooms 2
11 Grainger Road Sale price $600,000 CV $590,000 Land Size 350 Floor size 50 Bedrooms 2
41B Jaemont Avenue Sale price $1,180,000 CV $1,150,000 Land Size 1429 Floor size 180 Bedrooms 4
58 Jaemont Avenue Sale price $1,575,000 CV $1,700,000 Land Size 1669 Floor size 390 Bedrooms 5
67 Jaemont Avenue Sale price $857,500 CV $750,000 Land Size 421 Floor size 190 Bedrooms 4
2/38 Kirrie Avenue Sale price $635,000 CV $550,000 Land Size 2306 Floor size 100 Bedrooms 2
1/9 Marewa Street Sale price $660,000 CV $600,000 Land Size 822 Floor size 90 Bedrooms 3
119 Mcleod Road Sale price $710,000 CV $650,000 Land Size n/a Floor size 70 Bedrooms 2
53 Mcleod Road Sale price $1,150,000 CV $1,100,000 Land Size 1695 Floor size 70 Bedrooms 2 Te Atatu South July 2020
1/20 Merchant Avenue Sale price $655,000 CV $580,000 Land Size n/a Floor size 120 Bedrooms 3
42 Miltonia Avenue Sale price $930,000 CV $930,000 Land Size 675 Floor size 220 Bedrooms 4
7 Miltonia Avenue Sale price $1,166,000 CV $890,000 Land Size 1054 Floor size 140 Bedrooms 3
2/14 Ozich Avenue Sale price $625,000 CV $600,000 Land Size 1239 Floor size 70 Bedrooms 2
20 Ozich Avenue Sale price $1,350,000 CV $945,000 Land Size 1035 Floor size 100 Bedrooms 3
1/18A Sherwood Avenue Sale price $571,500 CV $580,000 Land Size n/a Floor size 90 Bedrooms 2
51 Strid Road Sale price $832,000 CV $1,075,000 Land Size 809 Floor size 200 Bedrooms 5
7 Sunrise Lane Sale price $1,063,000 CV $1,050,000 Land Size 987 Floor size 200 Bedrooms 4
193A Te Atatu Road Sale price $920,000 CV $965,000 Land Size 1108 Floor size 260 Bedrooms 3 These days, selling a property is all about views.
Buyers now spend more time than ever online, so it’s smart to market your property there too. Fortunately, our salespeople are well-versed when it comes to all things digital. Want a 3D walkthrough to fully showcase your home’s features? We can do that. Or to advertise your place with a video on Facebook or YouTube? Not a problem. And we have a wide network of property websites to list your property on, ensuring your place is seen by as many potential buyers as possible. To find out how else we can help, check out our website.
barfoot.co.nz barfoot.co.nz Te Atatu South July 2020
250A Te Atatu Road Sale price $972,000 CV $1,000,000 Land Size 536 Floor size 192 Bedrooms 4
302 Te Atatu Road Sale price $850,000 CV $840,000 Land Size n/a Floor size 190 Bedrooms 4
1/29 Tirimoana Road Sale price $735,000 CV $680,000 These Land Size n/a Floor size 87 Bedrooms 3
38 Tirimoana Road days, selling Sale price $1,030,000 CV $1,000,000 Land Size 605 Floor size 210 Bedrooms 6 a property is 52A Tirimoana Road Sale price $625,000 CV $550,000 all about views. Land Size 513 Floor size n/a Bedrooms n/a 2/114 Tiroroa Avenue Sale price $985,000 CV $930,000 Buyers now spend more time than ever online, so it’s smart to market your property there Land Size n/a Floor size 160 Bedrooms 3 too. Fortunately, our salespeople are well-versed when it comes to all things digital. Want a 3D walkthrough to fully showcase your home’s features? We can do that. Or to advertise your place with a video on Facebook or YouTube? Not a problem. And we have a wide network of property websites to list your property on, ensuring your place is seen by as 58 Vodanovich Road many potential buyers as possible. To find out how else we can help, check out our website. Sale price $741,000 CV $700,000 Land Size 369 Floor size 140 Bedrooms 3
8A Wairata Place Sale price $910,000 CV $960,000 Land Size 365 Floor size 121 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 barfoot.co.nz (REAA2008) accepts no responsibility should the contents of this market report prove to be incomplete or incorrect. barfoot.co.nz 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 Liam Dalton Danielle Williams Property Manager Property Property 027 839 1349 Management Management Assistant Assistant Residential Sales team
Mark Boyd Mickey Byun Paul Farry Julie Hey Narender Kumar 021 2444 774 021 992 453 0274 732 779 021 356 021 021 326 880
Mandy Li-Geraghty Qiao Liu Lisa Nielson Cherry Ning Tim O’Shea 021 892 088 021 850 665 021 558 764 021 809 080 021 068 7030
Shanthi Radha Krishnan Stella Shao Eric Shi Jay Suchak Carolyn Tongue 021 163 9095 021 037 4015 021 238 2530 022 027 9909 021 668 082
Katie Williams Doreen Wong Mervyn Wong Harry Yu 027 376 1225 027 422 8630 022 431 7526 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