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Covid-19 – April 2020

Posted by Tracy Bristowe on May 7, 2020
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Well it sure has been an interesting month for April 2020, although I think we will always look back on April 2020 and wonder “O.M.G – what just happened!”.

Overall March 2020 in Gisborne, NZ [with the exception of that last week that saw NZ placed into Level 4 Covid-19 Lockdown] real estate continued to be performing well. Click here for Market Facts for March 2020

30th April 2020 and we are into Week 1 of Level 3 lockdown in Gisborne. I am not ready to “surmise” what I think the real estate market is going to do after Covid-19 as this is an event of the “unknown” never experienced before. What I do know is that at the moment I have back to back buyer appointments all this week, with buyers ready to purchase. I have only had a handful of BUYERS, put buying on hold for either (a) the perception that the market is going to decline, or (b) their Kiwisaver deposit has taken a serious hit. If I was buying at the moment, I would be getting my ducks in a row so that when the RIGHT property presents itself to the market, then I would be ready, willing and able to buy.

And likewise, as a SELLER, if there was an opportunity that arose for my family to pursue, or a shift in circumstances or maybe downsizing/upsizing if it was suitable for your family to sell now, then sell if it works for you. It is possible that Sellers may hold longer, which means when properties are listed for sale, those buyers ready and willing to buy will act fast which in turn may drive demand for lack of supply?

There are just so many variables that affect the market … so I think Sellers will be taking a wait and see approach; but buyers – BUSY IS BACK!

As at 07.05.2020 we are into Week 2 of Level 3 lockdown in Gisborne. BRING on FREEDOM!

YAY – Thursday the 1th May 2020 Gisborne, NZ is moving in Level 2 which will enable more flexibility with Private Inspections and Open Home. So happy!

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