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October 2021

 
 
 

Yet another consistent result in the Turangi market place, with 8 housing sales augmented by a further 2 section sales, resulting in an Annual Moving Median sale price for houses of $528, 515 on a monthly figure of $570,000. Whilst the section data may not appear particularly spectacular, the year on year movement represents an increase of 26.14%, further evidence of a consistently solid market. The impending lift in travel restrictions from the Auckland and Waikato regions may well produce a positive impact on the market as approach the start of the typically busy summer selling period.

(Source REINZ Statistics)

 
 
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33

Number of sales in the last three months (28 houses 5 sections) August- October 2021
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40.48%

Average sale price increased. Annual moving median (October 2020 - October 2021)
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$528,515

Annual moving median - houses (October 2021)
 

Where do our buyers come from?

 

Jan 2021 to Jun 2021 (source: Bayleys Turangi Purchaser Statistics)

    • Local23%
    • Auckland25%
    • Bay of Plenty4%
    • Hawkes Bay6%
    • Waikato7%
    • Manawatu8%
    • Wellington23%
    • Taranaki4%
    • Overseas0%
     

    Turangi


    52

    Number of houses sold

    $466,449

    Average house sale price

    6

    Number of sections sold

    $196,197

    Average section sale price

    32

    Median days on the market (August 2021)
     
     

    Motuoapa


    14

    Number of houses sold

    $758,250

    Average house sale price

    6

    Number of sections sold

    $279,484

    Average section sale price
     
     

    Western Bays

    Pukawa - Omori - Kuratau

    20

    Number of houses sold

    $618,213

    Average house sale price

    2

    Number of sections sold

    $387,000

    Average section sale price

    27

    Median days on the market (August 2021)
     
     

    Whareroa


    4

    Number of houses sold

    $517,250

    Average house sale price

    2

    Number of sections sold

    $562,500

    Average section sale price
     
     

    Eastern Bays

    Waitetoko - Oruatua - Tauranga-Taupo

    6

    Number of houses sold

    $907,167

    Average house sale price
     
     

    Tokaanu


    2

    Number of houses sold

    $527,500

    Average house sale price