May 2020 Newsletter

 

With Level 2 now upon us, we look forward to the challenges that will be with us from here on.

Dunedin’s sales statistics are out for April 2020 and with just 22 recorded sales they are a stark reminder that we were in lockdown for the month. Looking at the comparisons from April last year with 195 sales, this year’s result reflects the huge amount of downturn that the virus delivered to the market place.

Even with the low volume of sales we still recorded a healthy Median sale price for the month sitting at $490,000, this is up from the $430,000 in April 2019 but down on March 2020’s figure of $535,000.

Our days to sell sit at 24, a couple of days less than last year.

Now that we are able to open the office doors in Level 2 and have fewer restrictions around open homes and private appointments, we are starting to see a number of motivated buyers making inquiries and visiting our open homes. Case in point a compact brick home in Halfway Bush had 16 buyers view the home and we were able to present the Vendors with 8 offers for consideration. We have seen this hype at a number of homes we currently have for sale and have also heard of this happening throughout the market as we come out of lockdown and look to get back into the new normal.

Our office is open here at 709 Great King Street, and we welcome your visit. Otherwise, contact your preferred Cutlers Salesperson for any post-Covid-19 advice. We are all looking to kick start this new era!

 

Donald Muldrew

Sales Manager

 

2021 STUDENT & STUDIO LIST LAUNCH DATE

 

1 July: We are launching our 2021 lists on our Facebook and Instagram @cutlerspropertymanagement

10 July: All properties will be available on our websites and a print version available at our office.

 

Make sure you are following us on all social media platforms so you don’t miss out on our first release!

We are releasing our list a little later than usual… Due to recent events we have decided to delay the launch of our 2021 Student and Studio List.

 

There are two main reasons for the delay:

  1. We want to respect the fact that due to Covid-19 and the Lock-down our current tenants may feel uncertain about whether they want to stay on another year.
  2. A lot of the student population won’t be back in Dunedin until the second semester. We want to provide an opportunity for people to physically view properties before signing a lease for the year.

All the best with your exams and assignments! We can’t wait for you all to be back in the city!