Ray White Warkworth
White Light Market Report - April 2011 Issue
Although sales numbers improved over the month of March, compared with February, the total was still significantly lower than the same period in 2010. North Rodney (excluding Wellsford) transacted thirty residential sales which was a good increase over the 18 in February but only 75 percent of the forty sold in March 2010. The results indicate the market is not as strong as it was this time last year.
An analysis of the sales statistics for the year ending March 31, 2011 is shown in the table below. The table shows the number of properties sold, and reported to the Real Estate Institute for the last financial year. It also shows the ‘average days on market’ for each suburb, the number of sales that were made where the Capital Value, or better, was attained and, the average percentage difference between the sale price and the Capital Value.
Omaha shows that it has probably held up best during the recession. Interestingly, Omaha had sixteen sales over a million dollars—thirteen of those achieved prices above the CV which indicates the top end of the market out there is still attractive to those ‘well-heeled”.
Sandspit also had a good result over the year, although sales numbers are fairly low. Leigh and Campbells Beach figures show that the average days on market were considerably higher than most other suburbs.
Wellsford’s poor showing in relation to the sale price achieved compared to the CV is probably attributable to the number of mortgagee sales that have taken place in that township.
| 1 April 2010 - 31 March 2011 | No. Sold |
Average Days on Market |
No. Sold at CV or Above |
Average percentage difference between Sale Price & CV |
|
|---|---|---|---|---|---|
| Algies Bay | Dwelling | 16 | 63 | 4 | -6.2 |
| Vacant Section | - | - | - | - | |
| Campbells Beach | Dwelling | 5 | 255 | 1 | -16.7 |
| Vacant Section | - | - | - | - | |
| Leigh | Dwelling | 17 | 256 | 8 | -2.3 |
| Vacant Section | 6 | 396 | - | -25.4 | |
| Matakana | Dwelling | 10 | 97 | 3 | -1.6 |
| Vacant Section | 4 | 123 | 1 | N/A | |
| Omaha | Dwelling | 37 | 85 | 14 | -1.44 |
| Vacant Section | 21 | 234 | 5 | -7.62 | |
| Point Wells | Dwelling | 13 | 102 | 2 | -9.8 |
| Vacant Section | 1 | 286 | - | N/A | |
| Sandspit | Dwelling | 11 | 48 | 8 | +4.3 |
| Vacant Section | 2 | 49 | - | - | |
| Snells Beach | Dwelling | 48 | 72 | 4 | -12.1 |
| Vacant Section | 5 | 124 | 3 | +17.7 | |
| Warkworth | Dwelling | 70 | 84 | 15 | -6.7 |
| Vacant Section | 10 | 300+ | 2 | -17.2 | |
| Wellsford | Dwelling | 21 | 103 | 1 | -18.0 |
| Vacant Section | 3 | 107 | - | N/A | |
| Property Address | Sale Price | Days on Market | Bedrooms | Land Area M2 | 2007 CV | Last Sale Price | Year | |
|---|---|---|---|---|---|---|---|---|
| Algies Bay | Willjames Ave | 462,000 | 104 | 3 | 525 | 890,000 | 245,000 | 2002 |
| Deerness Cres | 500,000 | 73 | 3 | 1,034 | 480,000 | 471,000 | 2009 | |
| Mariners Gr | 800,000 | 69 | 3 | 913 | 690,000 | 650,000 | 2003 | |
| Mariners Gr | 1,125,000 | 30 | 4 | 695 | 1,000,000 | 240,000 | 1996 | |
| Leigh | Hauraki Rd | 440,000 | 106 | 3 | 1,014 | 485,000 | 810,000 | 1996 |
| Matakana | Riverglade Lane | 565,000 | 277 | 3 | 1,174 | 590,000 | ||
| Omaha | Argo Rise | 720,000 | 129 | 5 | 640 | 775,000 | 490,000 | 2004 |
| Mangatawhiri Rd | 1,100,000 | 6 | 3 | 981 | 990,000 | 405,000 | 2007 | |
| Te Mana St | 290,000 | 329 | RS | 450 | 350,000 | 275,000 | 2006 | |
| Pakiri Pl | 299,250 | 193 | RS | 599 | 350,000 | 220,000 | 2005 | |
| Te Mana St | 305,000 | 98 | RS | 450 | 340,000 | 275,000 | 2006 | |
| Tuna Pl | 315,000 | 245 | RS | 459 | 350,000 | 180,000 | 2003 | |
| Caroline Heights | 1,245,000 | 4 | 1,275,000 | 995,000 | 2004 | |||
| Point Wells | Harbour View Rd | 990,000 | 137 | 4 | 1,212 | 1,090,000 | 320,000 | 2008 |
| Snells Beach | Ferndale Dr | 320,000 | 40 | 4 | 420,000 | |||
| Amanda Lane | 348,000 | 56 | 2 | 809 | 380,000 | 360,000 | 2005 | |
| Rangimaarie Cres | 450,000 | 19 | 3 | 809 | 520,000 | 475,000 | 2009 | |
| Ariki Dr | 465,000 | 12 | 2 | 655 | 465,000 | |||
| Tamatea Dr | 535,000 | 28 | 3 | 652 | 540,000 | 395,000 | 2006 | |
| Mahurangi East Rd | 280,000 | 79 | 5,100 | 300,000 | ||||
| Warkworth | Pulham Rd | 365,000 | 82 | 2 | 809 | 380,000 | 280,000 | 2003 |
| Walton Ave | 365,000 | 185 | 3 | 845 | 470,000 | 425,000 | 2010 | |
| Coquette St | 375,000 | 122 | 3 | 708 | 365,000 | 375,000 | 2008 | |
| Hill St | 400,000 | 33 | 3 | 1,012 | 410,000 | 195,000 | 2001 | |
| Campbell Dr | 405,000 | 32 | 4 | 651 | 430,000 | 425,000 | 2009 | |
| Walton Ave | 415,000 | 131 | 4 | 1,247 | 465,000 | 475,000 | 2006 | |
| Coquette St | 435,000 | 12 | 3 | 707 | 460,000 | 325,000 | 2003 | |
| Albert Rd | 522,000 | 247 | 4 | 3,105 | 765,000 | |||
| McKinney Rd | 164,000 | 245 | RS | 708 | ||||
| Christine Pl | 475,000 | 202 | RS | 6,868 | 600,000 | 306,000 | 2002 | |
| Wellsford | Monowai St | 206,000 | 233 | 3 | 845 | 270,000 | ||
| Davies Rd | 215,000 | 326 | 3 | 809 | 280,000 | 217,000 | 2005 | |
| Davies Rd | 280,000 | 41 | 3 | 837 | 300,000 | |||
| Astrid Lane | 323,000 | 376 | 4 | 624 | 385,000 | 335,000 | 2008 | |
| Astrid Lane | 333,000 | 8 | 4 | 643 | ||||
| Property Address | Sale Price | Day on Market | Area (Hectares) | Description | 2007 CV | Last Sale Price | Year | |
|---|---|---|---|---|---|---|---|---|
| Omaha | Point Wells Rd | 725,000 | 284 | 1.0000 | 3 bedroom 1990’s 210m2 iron & hardiplank home | 850,000 | 740,000 | 2006 |
| Matakana Valley Rd | 1,200,000 | 1,049 | 1.6220 | 4 bedroom 230m2 iron & weatherboard, 1.6ha | 650,000 | 680,000 | 2005 | |
| Tomarata | Pampas Lane | 850,000 | 125 | 76.2500 | Stock finishing unit, no house | 620,000 | 475,000 | 2009 |
| Warkworth | Kaipara Flats Rd | 440,000 | 778 | 4.3370 | Lifestyle block—bare land. Covenanted native bush | |||
Disclaimer
N.B. Market statistics based on unconditional sales recorded with REINZ during the prescribed period. In preparing this document we have used our best endeavors to ensure the accuracy of all the information provided. We accept no liability or responsibility for any errors or inaccuracies and recommend that all recipients make their own enquiries to verify any information given.