PHOTO: BRYA INGRAM/STUFF First National general manager Angela Bowers said the market was not all “doom and gloom”.
Marlborough had one of the biggest decrease in property sales last month, as Covid restrictions continued to limit opportunities, but it’s not all “doom and gloom”.
The latest Real Estate Institute New Zealand (REINZ) data showed Marlborough’s annual sales volumes in May, compared to the same period last year, decreased 54.3 per cent from 105 to 48 properties.
Nationally, sales decreased 46.6 per cent, however it was still a 191 per cent increase compared to sales in April.
Those who worked in real estate across the Marlborough region said the lack of sales was not influenced by decreased demand, but lack of stock and restrictions from the Covid-19 lockdown.
Harcourts co-owner and sales manager Chris Greenhill said they had plenty of interested buyers, but not a lot of properties on the market.
According to REINZ data, Marlborough had 116 fewer properties for sale in May, compared to the same period last year, down 33.4 per cent – from 338 to 222.
Greenhill said 90 per cent of open home attendees were local and 10 per cent were from out of town.
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