Lifestyle blocks better market for real estate sellers

One of the many properties sold recently by Whanganui rural lifestyle go-to-agent Mark Lourie of Property Brokers.

Vendors are being rewarded for their patience as the pendulum swings their way in the rural Whanganui lifestyle market.

Mark Lourie, Whanganui's only dedicated lifestyle specialist estate agent, said every dog has his day, and in the current property market it was the vendor's time to prosper.

"After several years of vendors weathering the sluggish market, the phone calls vendors are receiving now are far more positive than they have been previously," the Property Brokers agent said.

"We are seeing sure signs of a better market, a lifestyle block specialist says"

"Numerous visits by qualified buyers, including second and third visits, busy open homes and the presentation of multi-offers are sure signs that a real estate agent is doing what a good agent is employed to do, drive up the purchase price through buyer competition.

"Achieving the RV figure has been the measure of a good outcome for the previous six months, while in today's market, achieving prices north of the RV is a reality in most cases.

"Naturally, supply and demand will always be the factors that dictate the property market, and with dwindling supply and growing demand for lifestyle properties in Whanganui the outcomes we are seeing out there now are generally well above RV, sometimes to the tune of as much as 43 per cent.

"With that said, fewer properties coming to the market at the present time indicates there's no better time than now to expose your property to the motivated buyers seriously looking to purchase lifestyle properties in Whanganui. If it's time for you to make a move, whether it be buying or selling lifestyle properties don't miss this elevated market," Mr Lourie said.