Mark Daisley still has faith in the unrelenting Tauranga property market _ even though he's now in to his third month of trying to sell his award-winning family home.
"I'm in the trade and the market is still moving. Maybe people are a little cautious with the rising interest rates but the buyers are out there," Mr Daisley, who has his own plastering business, said.
Workwise, he's kept busy _ and he's confident he'll sell his distinctive three-bedroom house in Links Ave, Mount Maunganui.
"I guess we are in a market where buyers can pick and choose and it just comes down to timing. We've had two offers and they've fallen through for various reasons. But some houses in our street have sold after two weeks on the market," he said.
The Tauranga residential property market maintained a steady pace in May, according to the latest New Zealand Real Estate Institute figures. Sales on both sides of the harbour improved slightly on April but the median selling price fluctuated.
The Daisleys are selling their home privately to save on agent's fees and they have placed it on TradeMe. The property has received up to 350 hits a month on the internet.
Their 130sq m house is on a 425 sq m section and was built more than six years ago and the exterior was finished off with corrugated iron.
It won the new homes under $140,000 category in the 2001 Tauranga Registered Master Builders house of the year award.
Needing a bigger house for their two young children, Mr Daisley and his wife Angela have bought a section in Palm Springs, Papamoa.
"Our new plans and permit are ready to go. So we'll give it another three weeks and then we will hand the (Links Ave) sale to an agent," Mr Paisley said.
One lesson they have learnt from the selling experience is to seriously consider the first offer.
"We had an offer within the first three days of putting it on the internet. The property had a valuation of $390,000 and we stuck firm but we could have been a little lenient," he said.
Local agents were kept busy last month _ despite the prediction of a slowdown in the market.
A total of 92 residential properties changed hands at the Mount and Papamoa, eight more than in April, and the median selling price rose $7000 from $431,250 to $438,000.
Across the harbour, sales rose from 165 to 175 _ the third busiest month in more than a year and a half _ but the median fell from $370,000 to $360,000.
The Real Estate Institute's national president, Murray Cleland, said despite higher prices in most regions, there were signs that the surge of prices over the first half of this year were slowing.
Family gamble on internet to sell home
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