Monday, 18th November: Market Update & Our Plan to Drive Results!
As we approach the end of the year, the real estate market in Auckland is experiencing some significant shifts.
Here’s what’s happening and how Diego Traglia and his team at Harcourts Northwest are responding to deliver exceptional outcomes for clients in the ever-changing Auckland real estate market:
A Decline in Open Home Attendance
Last weekend’s open home numbers saw a noticeable drop, with an average of just 2.5 groups per property. This reflects a more cautious buyer sentiment and increased selectiveness as the year-end approaches. However, this trend emphasizes the need for sharper, more focused strategies to attract serious buyers to your Auckland property for sale.
Auction Success Rates Falling
The auction success rate for Harcourts Auckland has dropped to 40%, compared to 45–50% over the past six weeks. This highlights the tightening conditions in the market. However, with the expertise of Diego Traglia and the Harcourts Northwest team, we are committed to implementing tailored marketing and negotiation strategies that deliver results for sellers. If you're considering listing your property for sale in Auckland, we have the tools and strategies to navigate these market challenges.
Buyer Enquiries Down
New buyer enquiries through property portals have declined by 15% week on week. While fewer buyers are entering the market, the Harcourts Northwest team remains focused on actively engaging with those already looking for Auckland real estate to ensure every opportunity is maximized.
Off-Market Success Stories
Despite the market challenges, we’ve successfully sold three properties off-market in the past week at exceptional prices. This proves that quality homes remain in demand, and with the right team—like Diego Traglia’s at Harcourts Auckland—you can achieve outstanding results even in a shifting market. If you're considering listing your Auckland property for sale, we know how to make it stand out.
Switching to 'Sport Plus' Mode
To ensure our vendors are sold before Christmas, we are ramping up our efforts at Harcourts Northwest. Here’s how:
Increased Conjunctional Splits: We’re raising conjunctional splits to 50% to attract more agents and create greater exposure for our listings.
Innovative Marketing: Our team is exploring creative strategies to ensure your property for sale in Aucklandreaches the widest possible audience.
All-In Commitment: Our dedicated team is leveraging every available tool and resource to deliver outstanding results for our clients.
The Bottom Line:
The market is presenting challenges, but with the expertise and commitment of Diego Traglia and the Harcourts Northwest team, great results are still achievable. By adapting quickly and working tirelessly, we’re determined to help our vendors succeed.
If you’re thinking about selling, now is the time to act. Contact us today to discuss how we can help you achieve your property goals in the Auckland real estate market.
