Christchurch Real Estate: November 2022 Update

Jim Davis, Harcourts Christchurch/South Island Regional Manager, shares his latest view on the property market in Christchurch.

With just one week to go until Christmas day, it’s fair to say the interest in the property market locally will not be a high priority for most people over the next few weeks! However, for those of you who are in the market currently or perhaps are thinking about what your options and choices are over the holiday season then the following information may be helpful.

There are a lot of comments out in the marketplace currently and the current situation is best summed up by the following statement. “Buyers are again weighing up the likely impact on mortgage rates with current downward pressure on property prices. Those thinking of selling are again looking at the market and asking, ‘is this the right time?”

So, is this the right time?

All I can say is that you have all the information currently available, and all the information indicates that Harcourts in Christchurch should be the brand of your choice. The right time is when you are ready and if you are ready then now is as good a time as any. The bigger decision is choosing the right person and the right company to represent you. It’s interesting that even some of the builders and developers who previously did it all themselves are now asking Harcourts to help sell their stock. If you need any more convincing this data might help:

REINZ Figures:
Median $680,000
Average $767,140

Harcourts Figures:
Median $715,000
Average $790,433

You have all the facts; all you need to do is decide whether “the time is right now?”
If so, Harcourts is the logical choice.