December Market Update: The Kamikaze Buyers and Countdown to Christmas
Good morning!
As we start the week on Monday, December 9th, I wanted to provide an update on the Auckland property market as the year winds down. Whether you’re interested in units for sale Auckland, townhouses for sale Auckland, or looking at the broader trends in the Auckland real estate listings, here’s a snapshot of what’s happening and what to expect as we head into 2024.
Open Homes: A Seasonal Slowdown
This past weekend, open homes for properties like townhouses Auckland, new homes for sale Auckland, and freehold apartments for sale Auckland city saw an average of 2.5 groups per property. This is a decline from earlier months, where attendance averaged 3 to 4 groups per property.
The drop in activity is not unusual for December. As we approach Christmas, potential buyers shift their focus toward festive preparations. However, for those still active in the market—whether looking for a house for sale Auckland or a section for sale Auckland—there are opportunities to be found.
Kamikaze Buyers: Swift Decisions in a Slower Market
One of the more interesting trends this season is the emergence of kamikaze buyers.
These are buyers who appear unexpectedly and act quickly, often securing properties like Auckland villas for sale, new development houses for sale, or even participating in house auctions Auckland with remarkable speed. They typically have pressing motivations, such as:
• Recently sold properties New Zealand and need a new home urgently.
• Mortgage approvals nearing expiration, prompting fast action.
• A desire to settle into a new house for sale Auckland or apartment sale Auckland before Christmas.
For sellers with properties Auckland, this can be a great time to leverage these buyers’ urgency.
Countdown to Christmas: Key Dates for Buying Property Auckland
As of today, there are just 10 working days left until Christmas. For anyone involved in real estate—whether you’re a buyer, seller, or a real estate agent Auckland—this is a critical timeframe. Working days are defined as those when banks and lawyers are operational, making it possible to finalize transactions.
Here are the key dates:
• Last working day before Christmas: Monday, December 23rd.
• First working day after the holidays: Monday, January 6th.
Between these dates, the Auckland property market essentially pauses, as banks and legal professionals will be closed. Whether you’re buying a property for sale Auckland or engaging with a real estate agency Auckland, it’s essential to finalize transactions before the break.
Opportunities for Sellers and Buyers
If you’re considering selling Auckland real estate listings, now is a strategic time. While the overall market is quieter, motivated buyers—particularly those interested in buying property Auckland or buy house Auckland—are still active and ready to make decisions.
On the other hand, buyers can explore a range of options, from real estate agents Auckland New Zealand to best real estate company NZ, to find the right match for their needs. Whether you’re looking at units for sale Auckland, townhouses for sale Auckland, or auckland villas for sale, the holiday period can still present opportunities.
Looking Ahead to 2024
As we move into the new year, it’s important to prepare for a fresh start in the market. For those looking at new homes for sale Auckland, buy property Auckland, or engaging with a trusted realtor Auckland, the post-holiday market is an excellent time to take action. If you’re interested in listings like section for sale Auckland or freehold apartments for sale Auckland city, this could be a chance to get ahead of the competition.
If you’d like to discuss market trends, your real estate goals, or plan for a successful 2024, feel free to reach out. Working with a trusted real estate agent Auckland or a reputable real estate agency Auckland ensures you’re well-positioned for success.
Wishing you all a productive week as we close out the year.
Kind regards,
Diego Traglia
