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August 2021

 
 
 

The Turangi housing market continues to mirror that of their northern neighbours, where sales numbers are low, with the average sale price continuing to rise. Similar to the previous month, the eight recorded residential house sales resulted in the Monthly Median rising sharply to $707,000 on an Annual Moving Median of $499,223. As we move on from the latest lockdown, it would appear that the Turangi market will yield a similar result to last month, but with definite signs of increased activity as we head into Spring. So, watch this space for a rebound of a similar fashion to that experienced last year.

(Source REINZ Statistics)

 
 
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37

Number of sales in the last three months (33 houses 4 sections) June - August 2021
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28.63%

Average sale price increased. Annual moving median (August 2020 - August 2021)
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$499,223

Annual moving median - houses (August 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