Mason Parker Mortgagee Marketing Specialist

View the full report here

The Terralink Mortgagee Report found on zoodle mentions the sproportion of sales made up from mortgagee sales is increasing nationally. Of concern is an observation ed trend showing that while investors and developers continue to face mortgagee sales for what are “the risks of trading” there is growth in the numbers of “Mum and Dad” family-style owners facing mortgagee sales.

While the trends are carefully reported — the trend isn’t morrored here in Levin. As part of monitoring the Levin Real Estate Market I also monitor the Levin Mortgagee Sales (based largely the numbers of mortgagee listings).

I am glad to say that the Levin Mortgage Sales Market is quietly bucking this trend  - current listings only showing 1 mortgagee sale in a poll of 358 Residential listings in Levin see http://www.realestate.co.nz/residential/all/levin

The latest data released by Terralink shows that 124 properties recorded as repossessed mortgagee sales were registered as sold in February, down on the 150 sold in January and a significantly lower level that the 191 recorded in December.

When compared to the same period in 2008 the figures do show a significant increase – just 46 sales in February 2008. On an annualised basis the past 12 months has seen an almost trebling of sales with 1,463 sales up from just 533 in the 12 months to February 2008.

READ MORE AND VIEW THE GRAPHS HERE

As a Harcourts Levin Sales and Marketing Specialist I have seen 4 recent mortgagee listings in Levin and saw 7 Mortgagee auctions in our office…watch this space I feel this may be a data blip my technical phrase for a statistic thta is outside what I see as an emerging trend.

www.zoodle.co.nz has launched stats which are not just related to listings including the keyword “mortgagee”.

Read about it here click here

You can download the report here download here

This is great news as www.zoodle.co.nz is a site designed to provide almost “data mine” type data – showing trends in areas like population, sales, listings.

Take a look at Levin data – CLICK HERE TO SEE LEVIN