August 2020
The last month of winter saw the local market take a slight breather in terms of the number of houses sold, down five to a total of twelve recorded sales augmented by a further five section sales. Notwithstanding the drop in sales numbers, of real note was the sharp increase in the monthly median sales price for houses, up exactly $100,000 on the previous month to stand at $415,000. On an annualised basis, the moving median rose to a high point for the calendar year of $388,095. When we consider the various negative factors experienced during the last six months or so, the resilience shown in the Turangi market for the year to date is nothing short of miraculous.
(Source REINZ Statistics)
59
Number of sales in the last 3 months (48 Houses11 Sections)
7.10%
Average sale price increased Annual moving median August 2019 - August 2020
$388,095
Annual moving median - Houses, August 2020