Your Local Suburb Guide - MOUNT EDEN 14 Jul 2021
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MOUNT EDEN 14 Jul 2021 Your Local Suburb Guide Amanda Jane Evans POWERED BY: Barfoot & Thompson Mt Eden 021 813 910 a.evans@barfoot.co.nz • https://www.barfoot.co.nz/our-people/a.evans
What’s happening in your local market? MOUNT EDEN Recent Sales across all agent brands Market Snapshot SOLD 513 $1,550,000 3.1% 32 Total Median Monthly Increase Median Sales Sales Price In Median Price Days To Sell Rental Snapshot RENTED $550 2% 1275 Median Asking Rental Number Weekly Rent Yield Of Rentals Overview Mount Eden, Auckland has seen property prices increase 21.0% over the past three years and increase by 29.2% in the last 12 months. If you'd bought a home three years ago in Mount Eden, Auckland you'd have paid $1,281,000 in 2018, while in 2021 the same property now costs $1,550,000. Amanda Jane Evans Barfoot & Thompson Mt Eden 021 813 910 a.evans@barfoot.co.nz
Market Performance MOUNT EDEN Median Sales Price What’s happening in our market? Property has performed strongly in Mount Eden, $1,600,000 Auckland with prices growing 29.2% over the past 12 $1,500,000 months. $1,400,000 If you're looking to buy in the area, the median sales $1,300,000 price is currently $1,550,000 compared to $1,470,000 in nearby Sandringham and $1,578,000 over in $1,200,000 Epsom. $1,100,000 The top price achieved for Mount Eden, Auckland over $1,000,000 the past 3 months has been 15 Landscape Road in April, which sold for $3,755,000. Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 The most affordable Mount Eden, Auckland property to sell for the same time period was 306 / 11 Akepiro Street which went for just $470,000 on 27 April. Median Rent $555 Sales and rentals $550 $545 There have been 513 properties sold in Mount $540 Eden, Auckland over the past 12 months, totalling $535 $892.77m. $530 Homes are currently selling faster than last year at 32 $525 days on market, compared to 37 days 12 months ago. $520 The rental market is performing well with a median $515 asking rent currently of $550 a week. $510 $505 When you calculate that against the current median sales price, the rental return is currently 2.0%. Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Suburb Comparison Median Sales Price Why are these stats so important? Sandringham $1,470,000 The default period for data capture in this report is 12 Epsom $1,578,000 months unless otherwise stated and the report uses Kingsland $1,325,000 median prices which is the ‘middle’ price of a dataset Eden Terrace $770,500 captured over time. Medians are regarded statistically Morningside $1,065,000 as more reliable than an average as it is not skewed Grafton $730,000 by pricing extremes. It is always valuable to look at the types of properties that are selling in the suburb to get an understanding of the quality of homes and their features that are selling at different price points. Number of Properties Sold 540 What’s my property worth? 520 500 The information provided in this report is general in 480 460 nature. Growth rates are provided for guidance and 440 based on the historical performance of the suburb 420 400 and are not a guarantee of future performance. To 380 understand what your property is worth, don't hesitate 360 to get in touch for a free appraisal so that we can 340 320 discuss how the market's current performance is 300 specifically relevant to your home. 280 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Amanda Jane Evans Barfoot & Thompson Mt Eden 021 813 910 a.evans@barfoot.co.nz
Recent Sales across all agent brands MOUNT EDEN SOLD SOLD 3 / 10 George Street 25 Jun 2021 7A Dunbar Road 08 Jun 2021 Section: NAm² Building: 69 m² Section: 462 m² Building: NAm² $860,000 3 Bed 1 Bath $1,651,000 2 Bed 2 Bath 4 Car SOLD SOLD 18 Ngauruhoe Street 04 Jun 2021 3 Disraeli Street 26 May 2021 Section: 781 m² Building: NAm² Section: 655 m² Building: NAm² $2,800,000 4 Bed 2 Bath 3 Car $3,730,000 4 Bed 2 Bath 3 Car SOLD SOLD 540 Mount Eden Road 26 May 2021 41 Rocklands Avenue 25 May 2021 Section: 645 m² Building: 140 m² Section: 511 m² Building: 115 m² $2,163,000 5 Bed 2 Bath 4 Car $1,920,000 3 Bed 1 Bath 1 Car Powered by TCPDF (www.tcpdf.org)
Amanda Jane Evans a.evans@barfoot.co.nz 021 813 910 Barfoot & Thompson Mt Eden 427 Mount Eden Road, Mt Eden; Auckland https://www.barfoot.co.nz/our-people/a.evans Statistics shown are for a rolling 12 month period up to the end of the month. This report includes sales statistics up to 30 Jun 2021, and for rental statistics up to 31 Mar 2021. Listings photos sourced from Realestate.co.nz. Disclaimer: This report is intended for general information purposes only. This report and the information contained in this report is under no circumstances intended to be used or considered as legal, financial or investment advice. The material in this report is obtained from various sources (including third parties) and REINZ does not warrant the accuracy, reliability or completeness of the information provided in this report. REINZ does not accept responsibility or liability for any omissions or, inaccuracies in this report or the information provided in this report, or for any losses incurred, either directly or indirectly, by any person POWERED BY: arising from or in connection with the supply, use or misuse of the whole or any part of this report. Any third party data or analysis in this report does not necessarily represent the views of REINZ. When referring to this report or any information contained in this report, you must cite REINZ as the source of the information. REINZ reserves the right to require that you immediately withdraw from publication any document that fails to cite REINZ as the source.
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