Welcome to our Spring Newsletter.
Winter was an exciting time for Seniors Real Estate after joining Independent Agent, an innovative company that supports boutique real estate businesses. We have grown our specialist offerings for the senior community including search assistance and excellent senior rates.
Part of my week is spent volunteering for Grey Power, advocating for our older residents. Of particular concern is finding suitable and affordable rental accommodation for seniors and a growing problem with the reduced number of rest home beds in our communities.
In this newsletter, we take a look at what the property market has been doing, discuss the seniors market, and introduce a new property to the market.
BOP Market Statistics (August 2023)
After a period of rapid gains and then a declining market there are indications that the market has reached a plateau. The outcome of the upcoming election will determine whether investors return to the market which will increase demand at the lower end of the market.
Compared to September 2022
Median Price down 5.3%
Sales Count up 4.2%
Days to Sell decreased by 2 days
Compared to August 2023
Median Price up 3.9%
Sales Count down 1.8%
Days to Sell increased by 2 days
Seasonally adjusted median price up 3.9%
Seasonally adjusted sales count down 0.4%
The current median Days to Sell of 56 days is much more than the 10-year average for September which is 44 days. There were 22 weeks of inventory in September 2023 which is 3 weeks less than the same time last year.
Source REINZ Statistics
Perfect for Multi-gen Living
After two decades of cherished ownership, this treasured home is now on the market as the owners transition into retirement living. With its comfortable three-bedroom house, a separate one-bedroom granny flat, and a garage equipped with an additional storage room, there are endless possibilities for the new owners.
Learn more: For Sale 4 Slade Street
Retirement Villages Act 2003 Review Starts in 2023
Nothing has highlighted the inequities caused by the loss of capital gain in retirement villages as much as the dramatic property price increases of the past few years so it is timely that the Retirement Villages Act 2003 review is being started in 2023...read more
What's on in Tauranga
Falls when people are older can lead to injury making it difficult to stay in their homes. Here is a valuable upcoming awareness day by St Johns on preventing falls and fractures.
Serving seniors and their families with expertise and integrity
Seniors Real Estate Specialist
027 242 7646 l www.seniorsrealestate.co.nz
Independent Agent Ltd Licensed Agent REAA 2008