market report - lifestyle
The Western Bay of Plenty rural lifestyle market is operating at a steady level so far in 2014. Increased activity levels for superior lifestyle properties in the higher price bracket is where the greatest change has occurred following a number of years of very slow activity for these properties.
Properties which are well presented and appropriately priced are selling in shorter time frames. Strong competition among buyers for some properties is a sign that confidence is certainly returning to this market following on from an increase in the residential market as well.
We are seeing some instances where values appear to have firmed but this is not to a substantial degree and in most cases we believe values have been relatively static.
An improvement in confidence in the kiwifruit market is also serving to underpin the value of gently sloping, horticultural suitable land.