For those of you who have watched the ‘mock-umentary’ movie “This is Spinal Tap”, you’ll understand what I’m meaning when I say, the real estate market in Marlborough is ‘turned all the way up to 11’.

The median house price continues a steady climb, up $50k since June, though to be fair, the median house price is not yet as high as it was in February and March this year.

What buyers are really feeling in the pace of the market – 24 days to sell being the median time frame in September. Each month is getting quicker and quicker – so the advice is to get your skates on!

Many vendors are choosing to provide building reports which speeds the buying process, and also given the competitive nature of the multi-offers, buyers are choosing to make offers with quick times frames as well as putting their best foot forward dollar-wise.

With an interest rate of sub 2% just announced yesterday by Heartland Bank that will further fuel buyers desire to purchase.

I am seeing more buyers from out of the region making enquiry and considerable activity across all price brackets. While getting a sold sign up appears easy at the moment, the price difference between offers at the moment can be close to or over $100,000 – so selling privately risks short changing yourself on the true value of your property.

I look forward to updating you on the market value of your home, when you’re ready.