The 2009 Waterview Property Report Key findings 2009 has been a steady year with just over 40 sales in Waterview, which is consistent with 45 sales in 2008 yet much less than the 72 sales in 2007.
Average Sale Price The average sale price remained at its typical level for the past three years, mostly hovering between $440,000 and $490,000. In January, April, June and August, sales prices were lower than capital valuation (CV) by between 1% and 14%. In February, March, May, July and September, sales prices exceeded capital valuations (CV) by between 3% and 100%. This inconsistency is mainly due to an overall low number of sales. In comparison to the neighbouring suburbs of Mt Albert and Point Chevalier, Waterview remained an affordable suburb. Waterview out-preformed Te Atatu Peninsula, a popular alternative with first home buyers.
Days to Sell Generally it took between 8 and 78 days to sell a property in Waterview this year, and between 21 and 30 days in the second half of the year.
Total market value $18,288,500.00
Highest and lowest sale price 26 Seaside Avenue $685,000.00 and 13A Tutuki Street $275,000.00
Best Performing Streets Alford Street and Fir Street with 8 sales each followed by Fairlands Avenue and Seaside Ave with 5 sales each. Please take time to review the recent sales, average and median sales prices, average and median days on the market, and the graph comparisons with the neighbouring suburbs.
What’s ahead in 2010 We expect increased sales volume towards the normal level of 60 plus sales per year. Prices will remain at their current level with a potential for a moderate increase. However, premium and unique properties in Waterview will continue to attract strong buyers and command higher prices.
Further Information To discuss this report and what your property may achieve in 2010 please call me. All enquiries treated in the strictest confidence.
Ariel Levin, Waterview Specialist
D +64 9 375 7477| M +64 21 528 318| F +64 9 358 3545 | www.ariellevin.bayleys.co.nz Bayleys Real Estate, Level G, 4 Viaduct Harbour Avenue, Maritime Square, Auckland, New Zealand
Bayleys Real Estate Limited, Bayleys, Licensed under the REA Act 2008
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Official Suburb to Suburb
Average Sale Price
From
Year
Month
Waterview
2007
Jan
403,773
2007
Feb
443,300
2007
Mar
545,571
2007
Apr
440,156
2007
May
473,867
2007
Jun
476,625
2007
Jul
412,125
2007
Aug
395,000
2007
Sep
438,250
2007
Oct
380,375
2007
Nov
494,250
2007
Dec
567,667
2008
Jan
822,500
2008
Feb
321,667
2008
Mar
489,200
2008
Apr
507,500
2008
May
465,000
2008
Jun
476,357
2008
Jul
406,944
2008
Aug
507,700
2008
Sep
420,500
2008
Oct
366,200
2008
Nov
421,667
2008
Dec
632,000
Copyright © REINZ R042 Suburb to Suburb v1.0
Jan 2007
Page 1 of 2
To
Oct 2009
Generated on: 11/12/09 10:52:00
Official Suburb to Suburb 2009
Jan
387,167
2009
Feb
386,667
2009
Mar
444,500
2009
Apr
487,500
2009
May
474,000
2009
Jun
449,625
2009
Jul
488,417
2009
Aug
475,375
2009
Sep
497,083
2009
Oct
406,000
End of Report
Copyright © REINZ R042 Suburb to Suburb v1.0
Page 2 of 2
Generated on: 11/12/09 10:52:00
Official Suburb to Suburb
Average Sale Price
From
Jan 2009
Mt Albert Point Chevalier
To
Year
Month
Waterview
2009
Jan
387,167
501,719
702,167
403,571
2009
Feb
386,667
515,833
528,231
465,750
2009
Mar
444,500
557,829
574,088
382,198
2009
Apr
487,500
525,732
567,300
417,147
2009
May
474,000
521,194
684,000
398,371
2009
Jun
449,625
561,817
532,128
383,571
2009
Jul
488,417
636,625
531,563
460,167
2009
Aug
475,375
503,457
484,000
385,100
2009
Sep
497,083
623,881
681,000
430,964
2009
Oct
406,000
604,113
628,300
438,198
Oct 2009
Te Atatu Peninsula
End of Report
Copyright © REINZ R042 Suburb to Suburb v1.0
Page 1 of 1
Generated on: 11/12/09 08:04:22
OfficialR043 Valuation to Sale Comparison
Suburb: Waterview From
Jan 2009
Year
Month
To
Oct 2009
Average
Avg. Sale Price
Avg. Sale Price
Avg. List Price
Avg. List Price
Number
Valuation
LESS Valuation
LESS Valuation
LESS Valuation
LESS Valuation
of Sales
%
%
Suburb Waterview 2009
Jan
$390,000
-5,000
-1.35%
+4,500
+1.21%
2
2009
Feb
$255,000
+85,000
+100.99%
+102,000
+111.15%
2
2009
Mar
$580,000
+60,000
+10.34%
+60,000
+10.34%
1
2009
Apr
$645,000
-131,250
-14.75%
-123,000
-12.74%
2
2009
May
$410,000
+17,500
+3.41%
+29,500
+6.38%
2
2009
Jun
$445,000
-18,250
-5.22%
-33,000
-7.95%
2
2009
Jul
$455,000
+45,875
+12.94%
+47,500
+13.37%
4
2009
Aug
$530,000
-48,500
-9.15%
-25,000
-4.71%
1
2009
Sep
$454,286
+42,571
+10.84%
+41,286
+10.48%
7
End of Report
Copyright © REINZ R043 Valuation to Sale Comparison v1.0
Page 1 of 1
Generated on: 11/12/09 08:07:50
Official Suburb to Suburb
Average Days to Sell
From
Jan 2009
Mt Albert Point Chevalier
To
Year
Month
Waterview
2009
Jan
8
55
51
64
2009
Feb
43
72
93
57
2009
Mar
78
75
57
62
2009
Apr
147
48
38
67
2009
May
35
78
47
29
2009
Jun
48
62
55
20
2009
Jul
19
19
31
48
2009
Aug
34
55
28
41
2009
Sep
30
24
26
52
2009
Oct
28
48
54
20
Oct 2009
Te Atatu Peninsula
End of Report
Copyright © REINZ R042 Suburb to Suburb v1.0
Page 1 of 1
Generated on: 11/12/09 08:05:15