It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home. Many needs have changed in 2020, and it’s okay to admit if your house no longer fits your lifestyle. If you’re now working remotely, trying to exercise at home, or simply just spending more time in your own four walls, you may be bursting at the seams in your current house. Prices have appreciated 13% year-over-year in the Whangarei region. At the same time, our overall inventory (houses for sale) has dropped from one year ago. These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up. This is great news if you own a home and you’re thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for their next property, and your home may be high on their wish list. If you think you’ve outgrown your current home, reach out to me to discuss local market conditions and determine if now is the best time for you to sell. Cheers, Paul
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October 2023
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