Here we are at the end of a difficult and bizarre year, but we have made it and now we can look forward to the Christmas break. Basically restriction free, unlike a lot of countries that are heading into a lockdown period for Christmas. Well done NZ!
In finishing our year, the stats for November are in and we have punched through the magical barrier of $600,000 for the first time and now have a record median sitting at $607,095. This is a rise of just under 17% from last year’s figure of $520,000.
Total sales for November 2020 are well up on last year totaling 238, up from 204 in 2019. This sale figure shows the popularity around Dunedin and we look forward to building on this Next Year, especially given the infrastructure work planned for the region.
Days to sell rose slightly from 21 to 23 days.
The amount of property available at present has lowered with realestate.co.nz showing 219 listings available today, broken down there are 191 Homes/lifestyles available and 28 sections. Hopefully, these figures rise quickly in the New Year to help the supply and demand issue.
Christmas has sneaked up very quickly, and the team at Cutlers hope you all have a wonderful time over the festive period. We have staff working through the Christmas break, so if you need to talk anything real estate, we are available to assist.
Merry Christmas, Happy New Year, and roll on 2021.