“How much are houses selling over or under GV for?”
Though I don’t personally value these types of comparisons because of the issue I have with using the Rating Value as a guide for market value (read my article on the subject here), it is one of the most common questions I get asked as a practitioner in the Real Estate industry. So for the purposes of general enlightenment, I have taken all of last months sales as recorded by REINZ that also have a GV showing and summarized them. The results are a rank generalization and in some cases are subject to huge margins of error. I leave you to make a judgement on the results for yourselves
Khandallah – 13 sales – Average Sale Price $552,988 – Average Rating Value $553,846
Ngaio – 6 sales - Average Sale Price $510,333 - Average Rating Value $539,166
Broadmeadows – 2 sales – Average Sale Price $432,500 - Average Rating Value $435,000
Johnsonville – 9 sales – Average Sale Price $441,055 – Average Rating Value $441,666
Newlands – 18 sales – Average Sale Price $401,414 – Average Rating Value $398,611
Grenada/Paparangi - 5 sales – Average Sale Price $336,000 - Average Rating Value $331,000
Churton Park – 8 sales – Average Sale Price $508,125 – Average Rating Value $499,375
Take a second and answer this poll….
