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April 2024

 
 
 

The first month of the new financial year produced a very good result, with some 15 houses sold in the Southern Lake region. Similar to the previous month, the bulk of the sales activity occurred in the lower to middle end of the price spectrum. The Monthly Median was recorded at $450,000 on an Annual Moving Median of $516,658. As previously mentioned it is very encouraging to note that the monthly sales for the year to date are running at double that recorded last year.

(Source REINZ Statistics)

 
 
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15

Number of sales in the last month April 2024 (15 houses and 0 section)
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5.38%

Average sale price decreased. Annual moving median (April 2023 - April 2024)
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$516,658

Annual moving median - houses (April 2024)
 

Where do our buyers come from?

 

Jan 2022 to December 2022 (source: Bayleys Turangi Purchaser Statistics)

    • Local27%
    • Auckland17%
    • Bay of Plenty7%
    • Hawkes Bay5%
    • Waikato7%
    • Manawatu15%
    • Wellington7%
    • Taranaki7%
    • Overseas3%
     

    Southern Lakes Region


    November 2023 to April 2024

    67

    Number of houses sold

    $596,266

    Average house sale price

    2

    Number of sections sold

    $236,250

    Average section sale price

    Turangi


    November 2023 to April 2024

    39

    Number of houses sold

    $426,174

    Average house sale price

    1

    Number of sections sold

    $202,500

    Average section sale price
     

    Motuoapa


    November 2023 to April 2024

    10

    Number of houses sold

    $716,250

    Average house sale price

    2

    Number of sections sold

    $320,000

    Average section sale price
     

    Western Bays

    Pukawa - Omori - Kuratau
    November 2023 to April 2024

    14

    Number of houses sold

    $979,750

    Average house sale price

    -

    Number of sections sold

    -

    Average section sale price
     

    Whareroa


    November 2023 to April 2024

    -

    Number of houses sold

    -

    Average house sale price

    -

    Number of sections sold

    -

    Average section sale price
     

    Eastern Bays

    Waitetoko - Oruatua - Tauranga-Taupo
    November 2023 to April 2024

    4

    Number of houses sold

    $735,000

    Average house sale price

    -

    Number of sections sold

    -

    Average section sale price