The Goods on Real Estate Podcast
The Goods on Real Estate podcast dives into the Wanaka property market, offering insights on current trends, market movements, and expert analysis of what's happening locally. Hosted by Duncan Good, the podcast keeps listeners updated on everything from market trends to latest listings in Wanaka's dynamic real estate landscape.
The Goods on Real Estate Podcast
Auctions, Math, and Poetry: How Competition Drives Real Estate Excellence
The ebb and flow of Wanaka's real estate market takes center stage as Duncan Good unpacks February's performance metrics and shares fascinating insights from his recent experience at the LBD World Championships of auctioneering.
Fresh from an intense competition where auctioneers face deliberately complex bidding sequences—"a combination of math, poetry and stage presence"—Duncan breaks down how these high-pressure events sharpen the skills that drive successful property sales back home. The competition features staged auctions with unexpected challenges, random questions, and complicated calling sequences designed to test even the most experienced auctioneers.
February's statistics tell a compelling story of a market in transition. With 35 residential house sales and a healthy median price of $1.5 million, the month maintained its traditional position as a key selling period. However, the underlying narrative reveals a significant shift: listings across New Zealand have surged 30% compared to last year, pushing Wanaka's available housing stock from roughly 200 to over 300 properties. This translates to approximately nine months of inventory at current absorption rates—creating a market where buyers have substantially more choice.
This evolving landscape has transformed negotiation dynamics, with auction emerging as the gold standard for cutting through indecision. Duncan explains why the auction method delivers superior results in today's market: "It forces buyers to make a decision and get on with it...they can't sit back on their heels." This approach consistently delivers shorter time-on-market outcomes for vendors, capitalizing on the crucial initial six-to-eight-week window when maximum market exposure occurs.
Whether you're considering selling your Wanaka property or looking to purchase in this picturesque lakeside community, understanding these market forces provides the strategic advantage needed to make informed decisions. Connect with Duncan and the Ray White Wanaka team to discuss how these trends might impact your specific real estate goals.