16 | Chch market showing resilience Harcourts Holmwood has built its reputation on trust, passion and a deep understanding of the local market. Harcourts Holmwood T T Karen Phelps “The prices have bounced back quicker in Christchurch. It feels like there is a lot of internal migration with our listings getting a lot of enquiries from all over New Zealand.” REGIONAL DEVELOPMENT Christchurch’s real estate market has shown remarkable resilience in recent years and agent Jack Marshall from Harcourts Holmwood says the city is quietly outperforming much of the rest of the country. “REINZ stats show that the peak of Christchurch’s COVID market was February 2022 with a median sale price of $730,000,” says Jack. “There are many places in New Zealand such as Wellington (-15%) and Auckland (-20%) that are still far below their median sale price. “At the end of last year, on average, in Christchurch we are only three to four per cent below the peak of our market and have even recorded months at $730,000 (November) and $726,000 (December). “The prices have bounced back quicker in Christchurch. It feels like there is a lot of internal migration with our listings getting a lot of enquiries from all over New Zealand. “ It’s the perception of value here. There is a joke that if someone from Auckland was watching an auction in Christchurch, they’d think they were bidding on a garage compared with a house. Christchurch presents much better value for money,” he says. Jack says that Harcourts Holmwood, established in 1991, has built its reputation on trust, passion and a deep understanding of the local market. “At Harcourts Holmwood, people are at the heart of every sale. Whether it’s a first home, a family move or downsizing into retirement, we’re inspired by the journeys behind every property.” What sets it apart from other agencies, he explains, is its networked approach. “Harcourts Holmwood stands out because we are a network and team that all work together. This means generally we have a high turnover rate in terms of stock because Harcourts have just over 500 agents in Christchurch who work together to sell our clients’ homes.” Christchurch itself continues to evolve. “If you drive around, you can see a lot of change in the city,” says Jack. “The post-earthquake rebuild has brought new infrastructure and facilities, contributing to the city’s appeal.” He says suburbs just north of the CBD, such as St Albans and Edgeware, are emerging as dynamic hubs, with brownfield developments, townhouse and multi-unit builds, and new hospitality businesses injecting energy into the streetscapes. According to the latest REINZ data, the median sale price in St Albans has risen by approximately five per cent compared with the same period last year, and by around ten per cent in Edgeware. Jack himself lives in St Albans. “I’m sure there are suburbs people would say are more desirable, but you couldn’t pay me to leave here. I love it,” he says. He says Harcourts Holmwood employs a Three-Step marketing strategy combining traditional methods with digital tools to reach the right buyers. “Our agents blend creativity, experience and knowledge to guide clients through every stage of buying or selling so the process feels easy and even enjoyable,” says Jack. With consistent demand, modest price gains and a rebalancing between buyers and sellers, Jack says Christchurch’s property market looks set to continue its steady growth with the last quarter of 2025 feeling “incredibly busy”. “A lot of property was being sold. So, I am hopeful for a more buoyant 2026. Our motto this year is ‘every move matters’. “It’s about focusing on helping people through their journey and making sure everything we do is super intentional, providing the best service we can and doing the very best for people.” Wow buyers from the moment they step in the door Boutique staging & bespoke interior design Vicki Shearer - Designer 021 495 502 The initial impression is often what sells a home. Get a Free Quote NewZealand We’re here to take your business further. NexiaChristchurch are proud to support Jack Marshall fromHarcourtsHolmwoodwithhis accounting and business advisory needs.
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