Good value for money
First homeowners and investors are the main buyers of houses in Highbury, Remax sales consultant Greg Pearman says.
‘‘While we are not Highbury experts, we do sell properties in that area. What attracts buyers is that with a house in Highbury they can see the value there, which they wouldn’t get anywhere else.
‘‘The market in Highbury doesn’t see the highs and lows that can be seen in other areas. They don’t get the lows, but they don’t get the big capital gains either. Investors can also get a good return on their investment.’’
With more buyers in the market around mid $250,000 than listings, people are tending to look for houses in other areas, says Greg.
In December the median price rose slightly to $210,000 and the number of days to selling rose to 45. A total of 17 Highbury houses sold in that month.
Greg says he tends to tell buyers to look beyond the area and to look instead at the street they are buying into.
‘‘There are some very nice streets in Highbury that sell very well.
‘‘At the end of the day, houses in the $200,000 to $250,000 range are our bread and butter. So long as a house is priced right and presented nicely it will sell whether it’s in Hokowhitu or Highbury.’’