Ellerslie house listing bends the truth
A real estate agent has tweaked an Auckland house listing after it raised eye brows for its bold statement.
Ray White real estate agent Shane Hodgson said on a Trade Me house listing that the east Auckland suburb of Ellerslie had ’’never been cheaper’’.
However, the listing was updated on Friday to say ’’this one has never been cheaper’’ after Stuff attempted to contact Hodgson and also made contact with his branch manager at Ray White Papatoetoe.
The five-bedroom renovated home in the city-fringe suburb was set out under the misleading headline despite an asking price of $1.19 million.
It sold in 2010 for $555,000. Properties in Auckland’s eastern suburbs are experiencing double-digit year-on-year growth, with the average value of homes in the area sitting about $1.5m, according to CoreLogic figures. The home on Michael’s Ave has an RV of $830,000 and is touted as having ‘‘character, charm and location’’.
It boasts wooden floors and high ceilings ‘‘with a perfect modern twist - perfect for the Modern Family’’.
The house was listed on Trade Me on January 18 and comes with 404sqm of land.
While there has been recent talk about house prices stalling in Auckland, the median value is still sitting above the $1m mark.
QV figures show house prices in the region dropped 0.7 per cent during the past three months to $1,043,680.
Shane Hodgson could not be reached for comment.
On March 13 a Stuff report found that the time it takes to sell a property in Auckland is at a sixyear high as house sales in the city continue to ease. According to the Real Estate Institute, the median house price in Auckland fell a seasonally adjusted 1.7 per cent last month to $800,000, although it was 11 per cent higher year-on-year.
Sales were down a seasonally adjusted 9 per cent on a year ago, and the number of houses on the market was up by a fifth.
‘‘There is a strong sense now that the Auckland market has peaked,’’ Westpac senior economist Michael Gordon said.
REINZ chief executive Bindi Norwell said Auckland’s market was a mixed picture at present.
Days to sell rose from 41 to 43 days, just below the long-run average.
The time it takes to sell a property in Auckland is now at a six-year high.