Warm and near normal rainfall. We have been through another general election and we are in the season of change, so what does this mean for our rural lifestyle market here in Canterbury?
Well if the first seven months of this year are an indicator we may be in for a period of “normality” in our local rural property market, sure the volume of sales* is down ever so slightly in the combined districts of Selwyn, Hurunui and Waimakariri. But this can be a result of several influencing factors; land availability, there isn’t the large volume of new land remaining for lifestyle blocks, our weather through winter was very wet and we all know how this makes us feel, and a few people will have been holding the trigger on property decisions until after the election.
Regardless, there has been a further lift in the price of local lifestyle properties values year ending 31 st July, indicating the demand is still strong. And with the improving motorway network into Christchurch from both South and North one of the major issues identified with country living (time spent travelling) is being mitigated. Our weather experts tell us we’ll probably be slightly warmer during the next few months with around normal rain fall, so maybe the same can be said of our lifestyle market, near normal conditions. (*Reinz sales data for Hurunui, Waimakariri, Christchurch, Selwyn and Banks Pininsula District Councils).
Our Canterbury lifestyle properties will be stunning in the coming months as spring growth takes off, and of course this is the busy time of the year when the warmer and longer days provide an impetus for interest in Lifestyle Real Estate. Look out for our spring edition of the popular “We Sell Rural Lifestyle” due out late October, our team of Rural Lifestyle experts can help secure your spot in this now, and are happy to undertake a free no obligation appraisal of your lifestyle property.