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Weekly Report

By on July 14, 2018

Welcome to this week’s property report.

Talk of the town this week has been all about the expansion of Cardrona Ski’s resort, which is really exciting news for us skiers. If are looking to buy property, the expansion to a full ski resort can only be good news. Just don’t leave it too late!
If you have missed the update, click the link to read the article…. Cardrona
We are right in the thick of school holidays – town is humming and the ski fields are bursting! Lots of people looking at property options which is great, so if you are watching the market and considering selling now is a great time to sell.
Auction day today – we had planned to auction only one property, but 71 Frye Crescent, Albert Town auction has been brought forward with a pre auction offer so enticing, the vendors have made it today.
Results as follows:
Plenty of interest in 71 Frye Crescent, with a pre auction offer of $610,000 this had plenty of interest. Eventually selling for $625,000. (CV $540,000)
12 Long Grass Place – a very quiet and peaceful family home in Hawea Flat, with competitive bidding this sold for $945,000 (CV $750,000).
As a note, we are currently seeing a trend of homes selling at 10-25% above their CV price.
A couple of interesting new listings this week…
First up is a quiet listing in Kapuka Lane – Kirimoko Park. This has been built to be a passive house, incredibly quiet and super warm. Single level and close to town; it would suit a couple or a semi retirement home. This is not marketed, so please ask if there is interest.
Second up is a great family home or even better cracking holiday crib in Lake Hawea. Hawea is hot right now and this offers plenty at 3 Ryalls Way.
We have just listed a stunning section in Jessies Crescent, incredibly close to town with lake views. If you like Meadowstone area then this will be ideal.
Thanks for all your feedback on last weeks blog about building costs, if you missed it you can read it here.
If you see anything you like or are looking to test the market, please get in touch.
Have a great weekend
Best regards
Mitch
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MITCH CAMPBELL

mitch campbell

Welcome to my property hub, a place designed to showcase the very best of premium property in Central Otago and provide you with everything you need to ensure that your journey of buying or selling in this beautiful region is as smooth as possible.

I wanted to create a platform to share insights and knowledge on everything property-based from the Wanaka region, but also feature outstanding design products, interviews with industry locals, interesting architectural work and new trends to help inspire you with your own plans.

If you're looking at either buying or selling in the Wanaka region, please get in touch and let me help you achieve those goals.

Email mitch.campbell@raywhite.com
Phone number: 021 2424 280