October 2020
Another consistent result in Turangi housing market with 13 dwelling sales recorded and where despite the monthly median sale price eased back to $372,500, the annual moving median continued in a positive trajectory sitting at $376,212. The two recorded section sales helped increase the annual moving median figure to $176,464, representing an increase year on year of 5.37%. As summer approaches and local tourism ramps up, it will be interesting to observe the impact on the housing market in one of New Zealand’s top tourist destinations.
(Source REINZ Statistics)
49
Number of sales in the last 3 months (37 Houses 12 Sections)
3.4%
Average sale price increased Annual moving median October 2019 - October 2020
$376,212
Annual moving median - Houses, October 2020