If you are a purchaser using any of the main Search Engines to look for a property to buy, using the phrase “Property for Sale”, will provide you with an overwhelming list of potential properties to choose from and this is going to be of little practical use. Shriram 107 Southeast provides the best property you want.
It’s important to narrow your search criteria and for cities, this is ideally done by suburb. A map search and the use of Google or similar will identify a range of suburbs in the region suiting your needs. From there a suburb search, coupled with a value range and property type will make your efforts and time, more rewarding.
Conversely, some vendors feel that by using the by-line “Property for Sale” they will increase the number of hits from potential purchasers. Again, although this is a correct assumption, it is of little benefit if those responding are the ‘wrong’ sector of the market. Using generic search terms will just see your property lost in the thousands of other online listings.
As stated above anyone searching using those criteria is unlikely to be the ultimate buyer. As with any marketing, to be effective, it is essential to identify the probable buyer and target all marketing to attract that buyer. On this basis, the suburb is probably the first identifying feature coupled with property type, i.e. Westmere Modern Bungalow or Takapuna Contemporary Town House. This way you are allowing potential purchasers an easy way to identify where your property is along with its style, probably two of the biggest factors along with a price that buyers look at.
From a media reporting point of view, pundits often make statements about a particular city’s property for sale, commenting on changes to median prices, days on the market, etc. inferring that there is some uniformity to the region’s residential real estate. In reality, there is as much diversity in the residential real estate market in a city as there is between regions within a country.
Whilst some regions show increases in median prices over any given period, others will show decreases.
Anyone using global statements to make their buying or selling decisions will likely find themselves wildly misled if applying to their specific property of interest.
About the only useful statistics analyzing a property for sale for purposes of comparing the health of the market is to compare the total number of sales over a given period with sales from the same period in a previous year to show trends upwards or downwards of the total stock available, and then asking what that information indicates.