It seems at this stage in the year and also the property cycle that no matter what happens the popular view is that the market is in a decline.
As much as I would like to digest the anecdotal evidence that this is the case, it may be more evident in the minds of buyers than the prices of properties for the time being.
In the Upper North Shore, property is, in patches, slightly harder to sell than earlier in the cycle but with a bit of patience and some old-fashioned Real Estate work, the prices are certainly not as disappointing as one would think based on the coverage.
There were originally 871 properties scheduled to go to Auction with 469 reported to go up and 381 reported to have sold under the hammer. There were 115 properties withdrawn which is AGAIN a high number of property, this is becoming the more shocking trend.
The median sale price of property sold at Auction was $1,230,000 and the clearance rate was 65%.
Thomas Merriman.
Thomas Merriman 