Steve Koerbers Q3 Report 2020

MEGAN JAFFE REAL ESTATE LTD (LICENSED REAA 2008)
Remuera Grammar Zone
Q3 | July | August | September 2020
Less $1m $1 - $2m $2 - $3m $3
REMUERA STEVE KOERBER’S Quarterly REPORT
EASY MONEY, EXPATS & BETTER AUCTIONS
My last report hinted that Remuera prices were set to
move - and move they did! The relatively flat market we’ve experienced since 2015 is old news. Demand has outstripped
sentiment, and
2. A continuing influx of Kiwis returning to the relative Less $1m $1 - $2m $2 -
safety of NZ.
Auctions
20 0
$ 30m$$3-30Lme0$ms3-s4L01em$-msLsm4e$1sm-iLlsm4lei$1oimsllnism4o1nimllmioinlli$o$1n1m 14-m4$ 2-m
Having sold two times more auctions in Remuera than
LesLse1sLsme1simLsllei1olslisnomn1illmioinllion$$11mm- $-$2$1m2
of time. Skillfully handled and expertly marketed auction
seller, so if you’re planning a move in 2021 or beyond, QQ1 71 7 together we can decide which strategy is right for you if and
campaigns are thrilling to be involved in. For Nila & I however, the real pleasure comes from knowing we’ve achieved the best result for our clients. A sale under the auctioneer’s hammer is always nice, but sometimes the auction itself is
1 12 52 5 AApr /AMpAraayp/yr/M/J/u
L e3 s0 sLLe31e3s0 s0Lmse13 0
Q3 2017 23 54 30
Q3 2018 27 67 39
Q3 2019 41 77 37
Q3 2020
16 82 57
NUMBER OF REMUERA SALES BY PRICE
Third Quarter Only Non-Grammar & Grammar Zone
A A l l l l R A R e l A e ml ml R u l
supply and the rest, as they say, is now history.
100
25 225525
G G R R A A MG M MR G
For the foreseeable future our local market is likely to be
70 77800070
20 220020
6 0 6 6 60 0 0 6 0
Q Q 2 2 - - 1 Q9 1 664 4
influenced by two key drivers:
1. Low interest rates that are fuelling the “why would I
G1 5R0AG1GM15R50RAM0G1AM5RAM0MARMAMORAMNORNALYOLRYNOLNY LY
40
4 0 4 40 0 4
AA p p r r / /A
ayp/ yr/ M/J/ u 13 3
rent” and “why would I leave my money in the bank” 20
10 110010
5555
$ 12 0m$$12-120m$0$m212- m0m$- 2$m-2 $m2 m
23 3
$ 21 0m$$21-210m$0$m321- m0m$- 3$m-3 $m3 m
0 00 0 Q3|2018 Q3|2019 0
only step two in a three step process. The sale (step 3) can
anyone else this year, its perhaps timely to explain my A p rA /p rMA/paMrAya/p/y MrJ/ u/JaunMyn 2/A2aA0Jpyp1u1r7/7n/J Mu2MA0napa1yAr27Ay/pA0/pJr/p1uMr/J7rnu/Ma/2
occur some time after the auction - after further negotiations personal philosophy about them. Auctions are a proCvenh e cCCkhheNCec khuc kNemcuNbkmueNbmreurbme br e r 6 64 4
vehicle for determining the value of a home in a short space
when we meet.
Remuera Median Sale Price
1 1 6 6 5 50 0 2 2 8 8 1 1 7 7 1144
112525
Q3 | 2017
Q3 2017 Q3 2018 Q3 2019 Q3 20
$4m$$+44m$m+4+m + 44
by us.
Auction may not be the right strategy for every Remuera
A L L ASALAL ALSELASSLAESLSAE SL E S
L e s s L L e 1 e s s s L m s e 1 i s 1 ml s l i mi o l 1 l n i i o m l n l i i o l l n i o n $ 1 m$$1-1m$m21- m$- 2$m-2 $m2 m
Steve Koerber
300 250 200 150 100 50
$ 2 m $ $ 2 - 2 m $ $ m 3 2 - m m$ - 3 $ m - 3 $ m 3 m
$ 3 m $ $ 3 - 3 m $ $ m 3 - 4 m$ - m 4 $ m- 4 $ m 4 m $4m$$+44m$m+4+m +
Quarterly rolling median for the period October 2015 to September 2020
2,200,000 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000
800,000 600,000 400,000 200,000
ChecCCkhheNCeckhuckNemcuNbkmueNbmreurbmebr er
00 ONDJFMAMJJASOND JFMAMJJASOND JFMAMJJASOND JFMAMJJASOND JFMAMJJAS
1516 17 18 19 20
DISCLAIMER: This issue of Remuera Market Report features a wide selection of the published residential property sales which have recently occurred. The Market Report includes information based on published reports of sales made by all real estate agencies and may include some private sales. While every reasonable effort has been made to ensure the accuracy of this information, however, as inaccuracies may occur, you should not confine yourself solely to the contents and should make your own inquiries to satisfy yourself in all respects. Megan Jaffe Real Estate Ltd Licensed (REAA 2008) Ray White Remuera accepts no responsibility should the contents of this Market Report prove to be incomplete or incorrect.
0
i s 0 1 ml s l i mi o l 1 l
ni ioml nl i iol
lni
o
n
$3m $3
- $4
m
M Mp A r a
$4m+
20 Q3 | 202 - - $ $ $ 2 1 2 m m m$
1
2 2
Median Sale Price
Number of Sales (Bar)
Number of Sales
Median Sale Price (Line)