Market Report

WINTER 2018

What’s happening in our market?
Winter has well and truly arrived in The Arrow with consecutive minus 10 air frosts and minus 12 to 14 degree ground frosts, plus the recent snowfall, which has put a dampener on real estate in Arrowtown.
There are very few properties for sale at the moment, especially under the $1 million mark. Even though it is winter, it is still a good time to sell, with good buyer inquiry!
There were eleven sales during April and May, two of those sections. With over half of the Linksgate sections sold, we are now seeing new dwellings appearing on some of them and the quality of the homes are of a high standard.
The average sale price year to date remains high at $1,022,900 and days on the market is 47.
With winter upon us, wrap up warm and keep your house warm, otherwise you may end up with frozen pipes, especially in these hard frosts we have been having.