As we welcome the rain we also welcome many sales and offers!  Such a great part of my day to give settlement gifts and referral rewards :-) It shows that as per normal seasonal fluctuations, buyers are wanting to buy now - and then settle into the couch for the winter months.

1.    Property values up - property values are up 6.6% for the Wellington region*. See my website for free and updated market sales information for April (www.leoniesnook.com/real-estate-resources). If you or a friend or work mate want to know where your property sits in the market, give me a call for a free and no-obligation appraisal. I work all over Wellington!

2.    Interest rate rises may be delayed - business confidence is up for the March quarter with a net 36% of firms expecting conditions to improve in the next 6 months.** This and a slower economic recovery (than expected) has economists divided on whether interest rate rises will start in June or September.  Either way, if you’re thinking of buying or trading up, now is a great time to get in before rates move.

3.    Cautious buyers = competing sellers - buyers are out there (I’ve had 5 houses go under offer in the last 6 weeks), but there are more properties to choose from and buyers are taking their time.  Sellers have to beat their competition to get the best results in THIS MARKET. This is where I come in with leading edge technology, marketing and approaches.  If you know someone thinking of selling put them in touch - they will be pleased with the results and you will enjoy helping a friend and receiving a generous referral reward (leonie@leoniesnook.com).

 *Quotable Value – 3 months to 31 March 2010 compared to the same period last year
** New Zealand Institute of Economic Research (NZIER) March quarter business opinion survey, seasonally adjusted