Posts Tagged ‘Omaha’

Omaha is well recognised as a holiday home retreat from Auckland, just 80 km from the CBD this strip of golden sand has attracted significant new development over the past decade. The resident population according to the 2006 census amounted to 384, although take a weekend or summer day and that number is sure to swell by over 1,000.

The recent media coverage speaks to concerns as to property prices falling in the beach area with the article from the NZ Herald of 11 Jan titling it as “Property slump hits Omaha” and referring to local agents reporting the slowest sales for more than 15 years. There were 45 sales in the Omaha suburb in the past 12 months as compared to 119 for the whole of 2007 – that is a significant fall of 62%. As would be expected the majority of sales occur over the summer period, in the first 3 months of 2008, 20 of the 45 sales were recorded.

The latest media comment on Omaha again from the NZ Herald speaks of an auction to be held on Sunday the 25th January – a total of 17 properties are up for sale. That level of stock being sold at one time would in theory would represent 1 in 3 of all properties on the market at the moment.

Currently there are 62 listings on realestate.co.nz for Omaha of which a number are multiple listings – marketed by more than one agent. In total according to the statistics on Zoodle there are 1,377 properties. This represents around 6% of all properties currently on the market as as quoted in the article.

Naturally with such a beautiful vista as Omaha offers there are some spectacular properties especially towards the more newly developed south end – where this top priced property can be found. Priced at $3.95m this spectacular 5 bedroom 360m2 beach home is being marketed by Shane Romani of Bayleys. The property certainly has some spectacular views. Views which are certainly attracting the interest of overseas buyers as can be seen from the viewing statistics of the property – just on half of all views have been from outside NZ with Australia, the US and UK most active viewers.

To gain a fuller perspective on the suburb of Omaha as well as statistics of median price and inventory movements as well as “days on the market” for sold properties check out Omaha suburb profile page. Additionally if you are looking for more information on a property in Omaha – one you may already own or always wanted to buy, then search by street in Omaha.