Market Review
Market Review WHITIANGA | Oct—Dec 2014 "The Coromandel Peninsula is where New Zealanders love to holiday", a recent Herald-DigiPoll survey has revealed (although it was no news to us). More than 27% of those surveyed voted for the Coromandel beaches as their most popular holiday destination. The REINZ sales statistics for the last quarter of 2014 are reflecting that admiration of our white beaches and Pohutukawa-studded coast. 66 properties sold in Whitianga (21 in October, 22 in November and 23 in December), which is a record high since Q4 2004. The total sales value in this fourth quarter was $23,873,300; being slightly less than the same time the year before ($25,559,500). Only one property sold for over a million in Q4 2014 opposed to 4 properties the year before, 8 properties in the $500K - 1M bracket (opposed to 10) and 32 in the $300 – 500K price range (opposed to 26), whilst 25 sales were recorded under $300,000 (opposed to 22 in 2013). The majority obviously sold in the $300,000 – 500,000K bracket representing a 23% increase to last year’s statistics. The 25 sales under $300,000 are predominantly influenced by a significant rise of residential section sales in the fourth quarter of this year although 2 sections sold for $490,000 and $535,00 - both in the ever popular Whitianga Waterways.
GRAPH: Numbers of Sale — Total & Sections for Q4 2011—2014
Out of the 66 property sales recorded in this year’s quarter 14 were sections compared with 9 in 2013 (out of 61), 6 in 2012 (out of 36) and 4 in 2011 (out of 31). See yellow graph to the right. The tradesmen must love it. ■
Whitianga’s Surrounding Beaches
SOLD in Q4 2014
It’s time again to have a look at what has been happening at Whitianga’s beautiful surrounding beaches including Cooks Beach, Hahei, Kuaotunu, Matarangi, Opito Bay/Otama Beach & Whangapoua. In Q4 2014 we’ve noticed a slight decrease in sales numbers & value compared to the last quarter of 2013. 38 properties sold from October to December 2014 in these locations opposed to 43 in the same time frame of 2013 and 28 in 2012. View the graph to the left for the regional break down (Comparison Number of Sales Q4 2012 - 2014). The total value of sales has dropped from $24,141,900 in Q4 2013 to $20,096,500 in Q4 2014 but risen from $14,146,500 in Q4 2012. 4 properties sold for over a million dollars – two of them in NZ’s favourite Holiday destination Hahei proving the recent Herald-DigiPoll survey right. One Hahei address sold for $1,750,000 while the other one sold for a jaw-dropping $3,100,000. 8 sales were recorded in the 500K– 1M price bracket, 11 between 300K – 500K, whilst 15 properties sold under $300,000. Q4 was another strong quarter in regards to sections sales. 16 sections sold in total, 10 in Matarangi, 4 in Cooks Beach, and one each in Hahei and Whangapoua. We have also cleared quite a few listings that had been on the market for a long time. In fact 5 properties sold in this quarter had been listed for more than two years and 2 of them for over 3 and close to 4 years. This is encouraging for those property owners who feel that they have been left behind and other properties have sold around them. The best way to get a property sold reasonably quick is to present it well and price it competitively. ■
COOKS BEACH
MATARANGI
17 Hardy Pl 61 Scott Dr 60 Resolution Rs 899B Purangi Rd 898 Purangi Rd 27 Morcom Dr
176 Ngaio Dr 113 Kelly Jade Ave 106 Benjamin Pl 129 Karo Dr 145 Mercury View 520 Matarangi Dr 35A Cuvier Cres 120 The Fairway 754 Matarangi Dr 147 Waimarie Ave 108 Puka Cres 328B Kenwood Dr 345 Harbour Dr 224 Matarangi Dr 239 Waimarie Ave 145 Harbour Dr 115 Fernhill Rise 135 Karo Dr 202 Waimarie Ave
$485,000 $180,000 $675,000 $237,000 $180,000 $480,000
HAHEI 90 Grange Rd 43 Dawn Ave 35 Grierson Cl 74 Pa Rd 24 Wigmore Cre 10 Patricia Pl 15 Harsant Ave
$259,000 $625,000 $580,000 $830,000 $3.1M $870,000 $1.75M
KUAOTUNU 15 Kawhero Dr 37 Bluff Rd
$830,000 $400,000
$115,000 $137,000 $390,000 $295,000 $1.04M $367,500 $465,000 $193,000 $365,000 $221,500 $582,500 $357,500 $160,000 $310,000 $220,000 $123,000 $301,000 $135,000 $192,500
OPITO BAY
WHANGAPOUA
871 Black Jack Rd $1.3M 867 Black Jack Rd $575,000
108D Opera Pl 1246 Whangapoua Rd
$290,000 $480,000
Sold Properties in Whitianga from October until December 2014 October 2014 14 Wells Place 6 Little George Place 95 Centennial Drive 4 Seascape Avenue 9A Lee Street 73 Catherine Crescent 46 Robinson Road 3 Tironui Place 16 Captain Wood Avenue 15 Waitotara Way 28 Meadow Drive 16 Robinson Road 6 Digby Place 14 Dotterel Place 9 Clipper Place 30/1 Centennial Drive 2 Arthur Street 13A Jackman Avenue 48 Whitby Avenue 287 Cook Drive 13 Little George Place
November 2014 $375,000 $495,000 $515,000 $435,000 $295,000 $410,000 $395,000 $197,000 $180,000 $535,000 $155,000 $1,150,000 $174,000 $382,000 $354,000 $196,000 $254,000 $305,000 $370,000 $172,000 $490,000
14 Harbour Lights Terrace 47/73 South Highway 38B Catherine Crescent 103 Robinson Road 280 Kaimarama Road 20 Pipi Dune 15 Tudor Grove 1A White Street 11 Whitby Avenue 5 Carina Way 40 Kupe Drive 26B Sarah Avenue 6 Sarah Avenue 43 Park Lane 8 Miro Place 13 White Street 21 Jackman Avenue 1 Surf Street 22/18 Eyre Street 10/18 Eyre Street 15 Surf Street 5 Pipi Dune
December 2014 $440,000 $307,000 $315,000 $427,800 $125,000 $362,000 $473,000 $220,000 $170,000 $175,000 $460,000 $275,000 $285,000 $345,000 $313,000 $359,000 $375,000 $668,000 $300,000 $298,000 $252,000 $575,000
27 Captain Wood Avenue 55 Aquila Drive 10 Cobham Lane 16 Hannan Road 18A Albert Street 2 Heritage Close 63/18 Eyre Street 70C Catherine Crescent 60A South Highway 24 Wells Place 237 Cook Drive 18A Centennial Drive 2A Nicholas Avenue 47 Cholmondeley Crescent 18 Whitby Avenue 1 Coghill Street 8 Buffalo Beach Road 46/18 Eyre Street 12 Aquila Drive 13 Parkland Place 2 Ringwood Place 2B White Street 15 Carina Way
NB: Market statistics based on unconditional sales recorded with RP Data and realestate.co.nz during the prescribed period and as available on the date of publication. We have in preparing this document used our best endeavours to ensure the accuracy of all the information provided. We accept no liability or responsibility for any errors or inaccuracies and recommend that all recipients make their own enquiries to verify any information given. The information contained in this material is also not intended to form professional legal advice or legal opinion. Readers are advised to obtain their own specific legal advice.
$220,000 $170,000 $465,000 $425,000 $370,000 $540,000 $325,000 $315,000 $225,000 $178,000 $335,000 $780,000 $245,000 $385,000 $360,000 $259,000 $980,000 $315,000 $145,000 $652,000 $160,000 $275,000 $395,000
Blue Water Real Estate Limited Licensed (REAA 2008)
GRAPH: Numbers of Sale — Total & Sections for Q4 2011—2014
Out of the 66 property sales recorded in this year’s quarter 14 were sections compared with 9 in 2013 (out of 61), 6 in 2012 (out of 36) and 4 in 2011 (out of 31). See yellow graph to the right. The tradesmen must love it. ■
Whitianga’s Surrounding Beaches
SOLD in Q4 2014
It’s time again to have a look at what has been happening at Whitianga’s beautiful surrounding beaches including Cooks Beach, Hahei, Kuaotunu, Matarangi, Opito Bay/Otama Beach & Whangapoua. In Q4 2014 we’ve noticed a slight decrease in sales numbers & value compared to the last quarter of 2013. 38 properties sold from October to December 2014 in these locations opposed to 43 in the same time frame of 2013 and 28 in 2012. View the graph to the left for the regional break down (Comparison Number of Sales Q4 2012 - 2014). The total value of sales has dropped from $24,141,900 in Q4 2013 to $20,096,500 in Q4 2014 but risen from $14,146,500 in Q4 2012. 4 properties sold for over a million dollars – two of them in NZ’s favourite Holiday destination Hahei proving the recent Herald-DigiPoll survey right. One Hahei address sold for $1,750,000 while the other one sold for a jaw-dropping $3,100,000. 8 sales were recorded in the 500K– 1M price bracket, 11 between 300K – 500K, whilst 15 properties sold under $300,000. Q4 was another strong quarter in regards to sections sales. 16 sections sold in total, 10 in Matarangi, 4 in Cooks Beach, and one each in Hahei and Whangapoua. We have also cleared quite a few listings that had been on the market for a long time. In fact 5 properties sold in this quarter had been listed for more than two years and 2 of them for over 3 and close to 4 years. This is encouraging for those property owners who feel that they have been left behind and other properties have sold around them. The best way to get a property sold reasonably quick is to present it well and price it competitively. ■
COOKS BEACH
MATARANGI
17 Hardy Pl 61 Scott Dr 60 Resolution Rs 899B Purangi Rd 898 Purangi Rd 27 Morcom Dr
176 Ngaio Dr 113 Kelly Jade Ave 106 Benjamin Pl 129 Karo Dr 145 Mercury View 520 Matarangi Dr 35A Cuvier Cres 120 The Fairway 754 Matarangi Dr 147 Waimarie Ave 108 Puka Cres 328B Kenwood Dr 345 Harbour Dr 224 Matarangi Dr 239 Waimarie Ave 145 Harbour Dr 115 Fernhill Rise 135 Karo Dr 202 Waimarie Ave
$485,000 $180,000 $675,000 $237,000 $180,000 $480,000
HAHEI 90 Grange Rd 43 Dawn Ave 35 Grierson Cl 74 Pa Rd 24 Wigmore Cre 10 Patricia Pl 15 Harsant Ave
$259,000 $625,000 $580,000 $830,000 $3.1M $870,000 $1.75M
KUAOTUNU 15 Kawhero Dr 37 Bluff Rd
$830,000 $400,000
$115,000 $137,000 $390,000 $295,000 $1.04M $367,500 $465,000 $193,000 $365,000 $221,500 $582,500 $357,500 $160,000 $310,000 $220,000 $123,000 $301,000 $135,000 $192,500
OPITO BAY
WHANGAPOUA
871 Black Jack Rd $1.3M 867 Black Jack Rd $575,000
108D Opera Pl 1246 Whangapoua Rd
$290,000 $480,000
Sold Properties in Whitianga from October until December 2014 October 2014 14 Wells Place 6 Little George Place 95 Centennial Drive 4 Seascape Avenue 9A Lee Street 73 Catherine Crescent 46 Robinson Road 3 Tironui Place 16 Captain Wood Avenue 15 Waitotara Way 28 Meadow Drive 16 Robinson Road 6 Digby Place 14 Dotterel Place 9 Clipper Place 30/1 Centennial Drive 2 Arthur Street 13A Jackman Avenue 48 Whitby Avenue 287 Cook Drive 13 Little George Place
November 2014 $375,000 $495,000 $515,000 $435,000 $295,000 $410,000 $395,000 $197,000 $180,000 $535,000 $155,000 $1,150,000 $174,000 $382,000 $354,000 $196,000 $254,000 $305,000 $370,000 $172,000 $490,000
14 Harbour Lights Terrace 47/73 South Highway 38B Catherine Crescent 103 Robinson Road 280 Kaimarama Road 20 Pipi Dune 15 Tudor Grove 1A White Street 11 Whitby Avenue 5 Carina Way 40 Kupe Drive 26B Sarah Avenue 6 Sarah Avenue 43 Park Lane 8 Miro Place 13 White Street 21 Jackman Avenue 1 Surf Street 22/18 Eyre Street 10/18 Eyre Street 15 Surf Street 5 Pipi Dune
December 2014 $440,000 $307,000 $315,000 $427,800 $125,000 $362,000 $473,000 $220,000 $170,000 $175,000 $460,000 $275,000 $285,000 $345,000 $313,000 $359,000 $375,000 $668,000 $300,000 $298,000 $252,000 $575,000
27 Captain Wood Avenue 55 Aquila Drive 10 Cobham Lane 16 Hannan Road 18A Albert Street 2 Heritage Close 63/18 Eyre Street 70C Catherine Crescent 60A South Highway 24 Wells Place 237 Cook Drive 18A Centennial Drive 2A Nicholas Avenue 47 Cholmondeley Crescent 18 Whitby Avenue 1 Coghill Street 8 Buffalo Beach Road 46/18 Eyre Street 12 Aquila Drive 13 Parkland Place 2 Ringwood Place 2B White Street 15 Carina Way
NB: Market statistics based on unconditional sales recorded with RP Data and realestate.co.nz during the prescribed period and as available on the date of publication. We have in preparing this document used our best endeavours to ensure the accuracy of all the information provided. We accept no liability or responsibility for any errors or inaccuracies and recommend that all recipients make their own enquiries to verify any information given. The information contained in this material is also not intended to form professional legal advice or legal opinion. Readers are advised to obtain their own specific legal advice.
$220,000 $170,000 $465,000 $425,000 $370,000 $540,000 $325,000 $315,000 $225,000 $178,000 $335,000 $780,000 $245,000 $385,000 $360,000 $259,000 $980,000 $315,000 $145,000 $652,000 $160,000 $275,000 $395,000
Blue Water Real Estate Limited Licensed (REAA 2008)
