Firstly, I wanted to take this opportunity to say keep safe and well during this time. United we stand against this pandemic and together we will prevail against the COVID-19 virus.

It's too early to comment on what impact this will have on the housing market. I know of many people who are motivated to sell and buy once Level 4 has been lifted. I also know of a few who have decided to hold off their plans to sell until there is more certainty and confidence in the economy. Either way, the market will pick up again (as it always does) but in this ever changing landscape it is just a question of when.

It's nice, though, to be able to share some positive news during these times. I am delighted to share with you that I am soon expecting my first child!

Obviously, I am very excited about this, however, you may be wondering:
What does that now mean if you're looking to have your home appraised or listed with me in 2020?

Due date is late April 2020 so I will be on maternity leave until September 2020
I have a network of excellent agents I am happy to recommend who operate at the same level of integrity, skill and care as I do should you decide to sell during this time
I'll still be accessible via email and phone during this time for any property advice

Until then, take care of yourself and stay safe and well.

Warmest regards,

Shannon

So, how is the market?
We are seeing an increase in market energy with strong activity from determined buyers. In short, the market is humming. It’s all over the media, and it’s certainly ringing true in the statistics as well. If you are thinking of selling, it’s the best it's been in years.

What is contributing to the increase in sales volume? The high sales volumes have reduced available listings and with multiple active buying segments, this is resulting in a strong demand for quality properties. Also, an increase in confidence in the housing market which has been underpinned by a relatively strong economy, good employment rates and the low interest rate environment.

Manukau’s statistics
In Manukau, volume is up, stock remained tight, prices up and days to sell stable.
The median sale price for Manukau increased by 4.3% over a one year period and if we look at this data over a five year period, this has increased by 6.8%.

Market highlights
Across NZ, Listing supply has increased to 3.2% compared to the same time last year making it the busiest Jnaury in 4 years. In Auckland, this number increased by 9.7% making it the highest number of residential properties sold in the month of January since January 2016.

In Auckland, median house prices increased by 8.7% to $875,000 – up from $805,000 at the same time last year.

In summary
An extremely positive start to 2020 with all factors pointing towards a busy year ahead.