Tuesday, 14 February 2017

Manager's Comments 15-2-17

The Real Estate Institute has just released January sales figures, and they make interesting reading. In all of Taranaki median prices went up 11% January’16 to January’17. Well, they must have taken a huge jump outside of New Plymouth city, because New Plymouth’s median in the period went down from $400,000 to $391,500. I don’t think that is particularly significant and it indicates very flat prices to me – and to anyone I know working in the field. You can be confident prices have not moved much if at all in the last 12 months. That’s a good steady sign, we all know where we are and we continue to work in very stable and predictable times. Our expectation is more of the same this year.

John Christiansen