Monthly Market Update | June 2020
June Property Surge
North Shore property sales in June exceeded predictions. Sales volumes jumping 14% on the prior year with a median price of $1,060,000 being 7.3% ahead of last year.
Harcourts Cooper & Co closely monitor market metrics and our internal data has shown an average of over 1,700 property inspections being conducted every week by our team over the past month. In June, 37% of the sales by our team were under $1M, 55% in the $1 – $2M bracket, and 8% of sales exceeded $2M.
Post-covid, the energy & optimism in the market is evident. In June Harcourts Cooper & Co conducted 96 Auctions, with 74% of them sold. The right properties, well marketed, are in hot demand and achieving fantastic results!
Whilst there were predictions that house prices would fall, we are yet to see any evidence of that happening. In June every region in the country saw an increase on the same period last year. Kiwi’s love affair with property continues fuelled by low interest rates and kiwi’s returning to New Zealand from abroad.