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Harcourts MarketWatch October 2011

Tuesday 11 October 2011, 1:59PM

By Harcourts

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The New Zealand real estate market continues its climb out of the doldrums’ according to NZ’s largest real estate company. Harcourts has reported an increase in written sales of 19.8% in September against the same month in 2010. One product of this more buoyant market is the resurgence in popularity of auctions as the preferred method of sale by sellers. Many markets are now experiencing multiple buyers on properties which supports the 3.7% increase
in the average sale price. Christchurch results have elevated with very high exclusive listings, written sales and auctions and tenders and all during one of the toughest environments it has ever seen. 

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