Considering the stop- start nature of the calendar month as a result of Easter and Anzac holidays, the Turangi market enjoyed a solid trading period. A total of 17 house sales were recorded at an average monthly median sale price of $520,000 on an annual moving median of $432,998. The two stand out numbers for the month were undoubtedly the year on year increase in average sale price of almost 25% and just as a wee reminder, seventeen sales for April 2021 as opposed to one, yes one recorded sale back in 2020. Whilst May typically tends to see the market slow down prior to the onset of winter, current activity levels would suggest that this may not necessarily ring true this year, so watch this space!
(Source REINZ Statistics)
Where do our buyers come from?