Hamilton's Property

The state of the property market can be assessed by keeping a close eye on the number of properties being marketed for Auction. When you spot more and more of the For Sale street signs emblazened with “Auction” you can safely bet that the property market is heating up.

This view is certainly articulated in the article today titled “Auckland house auctions hit high“. Based on sales data supplied by the Real Estate Institute (REINZ) the number of properties sold in November across the country as Auctions was the highest ever at more than 25%. Looking specifically at the Auckland market Barfoot & Thompson November reported that around 40% of it’s current listings are being for sale by auction.

These reported statistics got me interested as we have in the past reported on the number of listings coming onto the market and specifically on the market across our comprehensive database. Back in A

Read full article…

Vacancy rates continue to decline in the U.S. industrial market spurred by demand for big box distribution centers, with Chicago recording the strongest gains in the first quarter of 2011, according to Jones Lang LaSalle’s Spring Industrial Outlook.

The national industrial property market recorded a drop of 20 basis points in the first quarter to finish at an even 10.0 vacancy rate. Activity has been most robust on the coasts, with California’s Inland Empire and the Philadelphia experiencing numerous large leases that have depleted their existing supply of quality, big box space. Speculative development could begin in these markets by the end of this year.

While costal markets may have been the strongest performers, many secondary markets are now on the road to recovery. The

Read full article…