Real estate market update: Hamilton - November 2018

So how is the market in Hamilton?  The housing market that is...
  I have provided a summary of the current market below, including statistics, and a bit of an overview of what this all means.

In October, the median sale price rose to a record $560,000 in October (up 1.5% from $551,500 in September), a very solid number and indicating growth and confidence in the Hamilton housing market. 

71% of sales were in the $400,000 to $800,000 range with 12 properties selling in excess of $1milllion. Our Harcourts Hamilton auction room has seen a very busy Spring with our clearance rate moving up to 85% year to date, sellers and buyers alike taking advantage of the buoyant Hamilton market.

Sale numbers for October were 299, 22% up on September’s 246 with median days to sell dropping to 29 from 33 last month. There are encouraging signs for borrowers as we close on the end of the year with the Reserve Bank indicating that interest rates will remain low into 2019. This will be welcomed by home buyers who can move forward with some confidence and make the dream of home ownership a reality.
Hamilton real estate market statistics
Key property stats from the past last 3 months
Rural and Lifestyle
With the unsettled spring weather behind us Waikato rural and lifestyle properties are looking impressive. We have seen an increase in available properties for sale and buyer enquiry has also increased leaving the overall stock level below demand. If you are considering a move contact one of our team today for an appraisal and marketing advice.

Property Management
Hamilton rental properties are in high demand and this has seen our award winning property management team extremely busy. With rental arrears across our portfolio of only 0.2% it is not surprising that Harcourts are the preferred property management company for over 1500 Hamilton rental property owners

2018 Hamilton real estate statistics - sales, days to sell and median sale price