The 2009 Waterview Property Report

Key findings
2009 has been a steady year with just over 40 sales in Waterview, which is consistent with 45 sales in 2008
yet much less than the 72 sales in 2007.

Average Sale Price

The average sale price remained at its typical level for the past three years, mostly hovering between
$440,000 and $490,000.
In January, April, June and August, sales prices were lower than capital valuation (CV) by between 1% and
14%. In February, March, May, July and September, sales prices exceeded capital valuations (CV) by
between 3% and 100%. This inconsistency is mainly due to an overall low number of sales.
In comparison to the neighbouring suburbs of Mt Albert and Point Chevalier, Waterview remained an
affordable suburb. Waterview out-preformed Te Atatu Peninsula, a popular alternative with first home buyers.

Days to Sell
Generally it took between 8 and 78 days to sell a property in Waterview this year, and between 21 and 30
days in the second half of the year.

Total market value

$18,288,500.00

Highest and lowest sale price

26 Seaside Avenue $685,000.00 and 13A Tutuki Street $275,000.00

Best Performing Streets

Alford Street and Fir Street with 8 sales each followed by Fairlands Avenue and Seaside Ave with 5 sales
each.

Please take time to review the recent sales, average and median sales prices, average and median days on
the market, and the graph comparisons with the neighbouring suburbs.

What’s ahead in 2010

We expect increased sales volume towards the normal level of 60 plus sales per year.
Prices will remain at their current level with a potential for a moderate increase.
However, premium and unique properties in Waterview will continue to attract strong buyers and command
higher prices.

Further Information
To discuss this report and what your property may achieve in 2010 please call me.
All enquiries treated in the strictest confidence.

Ariel Levin,
Waterview Specialist
D +64 9 375 7477| M +64 21 528 318| F +64 9 358 3545 | www.ariellevin.bayleys.co.nz
Bayleys Real Estate, Level G, 4 Viaduct Harbour Avenue, Maritime Square, Auckland, New Zealand
Bayleys Real Estate Limited, Bayleys, Licensed under the REA Act 2008
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 Official Suburb to Suburb

Average Sale Price From Jan 2007 To Oct 2009

Year Month Waterview

2007 Jan 403,773

2007 Feb 443,300

2007 Mar 545,571

2007 Apr 440,156

2007 May 473,867

2007 Jun 476,625

2007 Jul 412,125

2007 Aug 395,000

2007 Sep 438,250

2007 Oct 380,375

2007 Nov 494,250

2007 Dec 567,667

2008 Jan 822,500

2008 Feb 321,667

2008 Mar 489,200

2008 Apr 507,500

2008 May 465,000

2008 Jun 476,357

2008 Jul 406,944

2008 Aug 507,700

2008 Sep 420,500

2008 Oct 366,200

2008 Nov 421,667

2008 Dec 632,000

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 Official Suburb to Suburb

2009 Jan 387,167

2009 Feb 386,667

2009 Mar 444,500

2009 Apr 487,500

2009 May 474,000

2009 Jun 449,625

2009 Jul 488,417

2009 Aug 475,375

2009 Sep 497,083

2009 Oct 406,000

End of Report

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 Official Suburb to Suburb

Average Sale Price From Jan 2009 To Oct 2009

Year Month Waterview Mt Albert Point Chevalier Te Atatu

Peninsula
2009 Jan 387,167 501,719 702,167 403,571

2009 Feb 386,667 515,833 528,231 465,750

2009 Mar 444,500 557,829 574,088 382,198

2009 Apr 487,500 525,732 567,300 417,147

2009 May 474,000 521,194 684,000 398,371

2009 Jun 449,625 561,817 532,128 383,571

2009 Jul 488,417 636,625 531,563 460,167

2009 Aug 475,375 503,457 484,000 385,100

2009 Sep 497,083 623,881 681,000 430,964

2009 Oct 406,000 604,113 628,300 438,198

End of Report

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 OfficialR043 Valuation to Sale Comparison

Suburb: Waterview
From Jan 2009 To Oct 2009

Year Month Average Avg. Sale Price Avg. Sale Price Avg. List Price Avg. List Price Number
Valuation LESS Valuation LESS Valuation LESS Valuation LESS Valuation of Sales
% %

Suburb Waterview
2009 Jan $390,000 -5,000 -1.35% +4,500 +1.21% 2

2009 Feb $255,000 +85,000 +100.99% +102,000 +111.15% 2

2009 Mar $580,000 +60,000 +10.34% +60,000 +10.34% 1

2009 Apr $645,000 -131,250 -14.75% -123,000 -12.74% 2

2009 May $410,000 +17,500 +3.41% +29,500 +6.38% 2

2009 Jun $445,000 -18,250 -5.22% -33,000 -7.95% 2

2009 Jul $455,000 +45,875 +12.94% +47,500 +13.37% 4

2009 Aug $530,000 -48,500 -9.15% -25,000 -4.71% 1

2009 Sep $454,286 +42,571 +10.84% +41,286 +10.48% 7

End of Report

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v1.0
 Official Suburb to Suburb

Average Days to Sell From Jan 2009 To Oct 2009

Year Month Waterview Mt Albert Point Chevalier Te Atatu

Peninsula
2009 Jan 8 55 51 64

2009 Feb 43 72 93 57

2009 Mar 78 75 57 62

2009 Apr 147 48 38 67

2009 May 35 78 47 29

2009 Jun 48 62 55 20

2009 Jul 19 19 31 48

2009 Aug 34 55 28 41

2009 Sep 30 24 26 52

2009 Oct 28 48 54 20

End of Report

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