Big reversal! Nantong second-hand housing transaction volume stopped falling and rebounded!

As time begins a new cycle, the cold state of Nantong’s property market seems to be showing signs of recovery.

As an important barometer of the Nantong property market, the second-hand housing market finally began to pick up at the end of 2021 after experiencing silence last year.

Transaction volume began to rise slightly, and the darkest moment for Nantong second-hand housing is about to end.

On January 15, the National Bureau of Statistics released the latest statistical data on sales price changes of commercial housing in 70 large and medium-sized cities in December 2021.

The official interpretation shows:

In December 2021, the sales price of commercial residential buildings in 70 large and medium-sized cities continued the downward trend since the fourth quarter, and the year-on-year increase fell back.

1. The sales prices of new and second-hand houses in first-tier cities fell and then rose month-on-month, while those in second- and third-tier cities both declined

In December, the sales prices of newly built commercial housing in first-tier cities increased from the previous month. Turned from flat to down 0.1. Among them, Beijing remained unchanged month-on-month, Shanghai increased by 0.4, and Guangzhou and Shenzhen decreased by 0.6 and 0.1 respectively.

The sales price of second-hand housing in first-tier cities increased by 0.1 month-on-month from a decrease of 0.2 in the previous month. Among them, Beijing and Shanghai increased by 0.8 and 0.4 month-on-month respectively, while Guangzhou and Shenzhen decreased by 0.3 and 0.4 respectively.

The sales prices of newly built commercial housing and second-hand housing in second-tier cities both fell by 0.3% month-on-month, and the decline rate was 0.1 percentage point narrower than the previous month.

The sales price of newly built commercial residential buildings in third-tier cities fell by 0.3% month-on-month, the same rate of decline as last month; the sales price of second-hand residential buildings decreased by 0.5% month-on-month, and the rate of decrease increased by 0.1 percentage points from the previous month.

2. The year-on-year growth rate of new and second-hand houses in first- and second-tier cities fell back. The year-on-year growth rate of newly-built commercial housing sales in third-tier cities fell back, while the year-on-year sales price of second-hand housing remained flat.

According to estimates, in December, The sales prices of newly built commercial housing and second-hand housing in first-tier cities increased by 4.4 and 5.3 respectively year-on-year, with the growth rate falling by 0.4 and 0.5 percentage points respectively from the previous month.

The sales prices of newly built commercial housing and second-hand housing in second-tier cities increased by 2.8 and 1.5 respectively year-on-year, with the growth rates both falling by 0.5 percentage points from the previous month.

The number of newly built commercial residential buildings in third-tier cities increased by 0.9% year-on-year, a decrease of 0.5 percentage points from the previous month; the sales price of second-hand residential buildings remained unchanged from a year-on-year increase of 0.5% last month.

Currently, we have the latest statistics on Nantong’s second-hand housing transaction volume from January to December 2021.

Note: The data comes from Beike.com, and statistics are as of December 31.

According to incomplete statistics from Nantong Housing Talks, from January to December 2021, a total of approximately 5,112 second-hand houses were sold in Nantong urban area.

According to data, the total transaction volume of second-hand houses in the first quarter was about 2,202 units; in the second quarter, about 1,443 units were transacted; in the third quarter, the lowest volume was only about 675 units; in the fourth quarter, the transaction volume rebounded,* **About 792 units were sold.

From the overall picture above, second-hand housing in Nantong urban area has shown a sharp downward trend from April 2021 to September. Starting from October, trading volume began to rise slightly again, and the recovery trend was obvious.

As for January 2022, the transaction volume of second-hand houses in the urban area is currently only counted as of January 11, of which 42 units were sold in Chongchuan, 45 units were sold in Gangzha, and 37 units were sold in the development zone. In less than half a month, 124 units were sold. It can be expected that the monthly transaction volume of second-hand houses in the urban area in January can easily reach 300 units.

The gradual recovery of Nantong’s second-hand housing market mainly depends on three aspects:

First, the credit environment has loosened to a certain extent, banks have begun to lend money one after another, and previously accumulated loans have also been released.

Secondly, as the market goes down, the mentality of sellers is different from before. In the past, they were unwilling to sell at a lower price, but now most of them will take the initiative to make concessions and have room for negotiation.

Finally, December is approaching the end of the year. By the end of the year, the wave of returning home to buy homes has begun. Many migrant workers want to go home and buy a house of their own after a hard year. And the current housing price is in the window period of relaxation, and more people are taking advantage of the opportunity to buy.

So, judging from the current overall trend, the general environment is gradually loosening, the rescue signal is obvious, the transaction volume is gradually rising, and the Nantong second-hand housing market has survived the most difficult period.

The fastest transaction can be completed in 2 days! There are also houses that have been sold at increased prices! Are Nantong’s second-hand houses starting to pick up?

According to incomplete statistics from Nantong Housing Negotiations, Beike.com shows that a total of 81 houses were sold in Nantong urban area within 10 days.

Note: The statistical data comes from Beike.com, and the transaction time is from June 1, 2021 to January 10, 2022. (All statistics are manual, the data is for reference only)

A total of 7 houses were sold in just one day, which are located in Jiangjing International Home, Yi Jingyuan, Chongchuan District, Nanchuanyuan Community and Beihaoqiao New Village; Gaudi Crystal City in Gangzha; Meijiashengting and Xinhu International Trade Center in the development zone.

There are a total of 7 houses with a transaction price higher than the listing price, 4 of which were sold after September, namely Zhongnan Century City North District, Xinqiao Xincun, Chongchuan, Wushan Apartment; Gaudi Crystal City in Gangzha; Spring Garden, Xinhu International Trade Center and Shimao New Territories in the development zone.

Based on the above statistics of second-hand housing transaction volume, we found three points worthy of attention.

Note: Since the listing price fluctuates within half a year, the following conclusions are based on the listing price and transaction price after November as the reference standard.

1. From the perspective of price adjustment range, basically the transaction price is lower than the listing price across the board.

For the houses sold in November and after, the transaction price is 1,000-3,000 yuan/㎡ lower than the listing price. Taking a 100-square-meter apartment as an example, the total price reduction of a unit is basically 10 -300,000.

2. From the perspective of transaction cycle, the fastest transaction is 1 day and the slowest is 699 days.

For example, the 77-square-meter rough house with two bedrooms and one living room in Guangming Happy World has an average transaction price of 11,689 yuan/㎡, and the transaction cycle reaches 699 days, which is probably the longest transaction period for houses currently.

3. The transaction price of second-hand houses has experienced a "roller coaster", with some communities falling by 230,000 yuan in 8 months.

Taking Zhonghai Bilin Bay as an example, the price reduction of second-hand houses is very obvious.

On November 17, a 3-bedroom, 2-living house with 95.24 square meters of fine decoration was sold. The listing price was 1.75 million, the transaction price was 1.7 million, and the transaction unit price was 17,850 yuan/㎡.

In March this year, a rough house of the same size was sold in this community. The listing price was 1.93 million, the transaction price was 1.93 million, and the transaction unit price was 20,265 yuan/㎡. In comparison, within 8 months, the transaction price dropped by 230,000.

Take Fanghuaqiangcheng, a popular subway school district on North Street, as an example.

On October 6, a 2-bedroom, 2-living room with 81.58㎡ of fine decoration was sold. The listing price was 1.73 million, the transaction price was 1.7 million, and the transaction unit price was 20,839 yuan/㎡.

Also in March this year, an 81.61㎡ hardcover house was sold in this community. The listing price was 2.02 million, the transaction price was 2 million, and the transaction unit price was 24,422 yuan/㎡. Within 7 months, the transaction price dropped by 300,000.

So on the whole, although the transaction volume of second-hand houses has begun to rebound, the price has dropped significantly since the second half of 21, and the situation is still continuing. Now, if landlords want to close the transaction as soon as possible, they still need to increase the price make certain concessions.

If Indian Spring comes, how to buy a house in 2022?

Returning to the real estate market, judging from the directions pointed by multiple signals, the Indian Summer in 2022 should be a high probability event. So, how should home buyers seize this opportunity?

In fact, as long as home buyers pay attention to the following five points, buying a house is simple and easy.

First, select quality housing

The era of soaring housing prices is over.

Buying a house now can only ensure that the risk is lower than that of financial management products and the return is higher than bank savings. It is basically impossible to expect to get rich by buying a house.

Houses should be lived in rather than speculated. Houses should return to their residential properties. In the future, houses with better quality and better living experience will definitely be more popular, and their value preservation and appreciation will be more guaranteed.

Second, core areas are the first choice

Locations are also very important for home buyers. Although Nantong’s urban development is rapid, the key directions are also very clear. As long as you keep up with the direction of urban development, although there will be no big rise or fall, there is still a minimum guarantee.

Third, don’t choose exurban areas to “buy the bargains”

Many people will choose some exurban areas with relatively low housing prices to “buy the bargains.” The future development of these areas is only in concept No one can say for sure what will happen in the next 5-10 years, so it’s better not to gamble.

Fourth, "old and small" people still stay away from them

Some people have limited financial strength and focus on "old and small" or "old and big" in the city center. , note: There are only two criteria for buying a "old house" - a good location and a good school district. Others can be said to be worthless.

Fifth, choose a safe real estate company

Recently, I have seen that many real estate companies are still experiencing thunder, so choosing a reliable developer in 2022 is more important than anything else.

Source: Nantong Real Estate Talk

Some content sources: Meng Xiangyuan, Anhui Property Market