Property Report – Auckland Eastern Suburbs (March 2011)

This property report, as provided to the lawyers at Remuera law firm Quay Law. 

Please find attached a copy of the March 2011 issue of The Rob Report for the Eastern Suburbs – Orakei, Mission Bay, Kohimarama, St Heliers, Glendowie, Meadowbank & St Johns Park.

For those of you who like to monitor the relationship between Sale Price and Capital Value – the Average SP/CV Ratio = 1.05 and the Median SP/CV Ratio = 1.04

 The Min SP/CV Ratio = 0.58 and the Max SP/CV Ratio = 1.54

 The total volume of published sales for both January and February 2011 are very similar to the 2010 figures and the total volume for March 2011 (at date of publication 70 properties sold) is slightly down on the results for March 2010 (99 properties sold). This figure for March 2011 will most likely increase with the late publication of some sales.

If there are any recent property sales which you are interested in, and which do not feature in this report, please do not hesitate to contact me so I can research the sale details for you.

 Historically over the upcoming Easter and School Holiday break we expect the volume of new properties being advertised for sale to remain low and an increase is expected once the 2nd school term starts.

 Bayleys have negotiated some great marketing deals for the start of the 2nd term so if you are considering selling your home within the near future, I would appreciate the opportunity to prepare a very competitive marketing proposal for you.


 Robert Ashton AREINZ BE (Structural)

Residential Sales Specialist

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