April 2020
In keeping with the nationwide trend, the Southern Lake area was hugely impacted by the Covid 19 pandemic, with only a single house sale and two section sales recorded during April. The above is reflected in the slight drop in average value from the same period twelve months earlier, but where the annual moving median figure stands firm at $346,729. The early indications post Level 2 introduction would suggest that the Turangi market is already well and truly into recovery mode with strong activity recorded in both new sales and those declared unconditional.
(Source REINZ Statistics)
45
Number of sales in the last 3 months (29 Houses 16 Sections)
0.53%
Average sale price decreased Annual moving median Apr 2019 - Apr 2020
$346,729
Annual moving median - Houses, April 2020