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)
Where do our buyers come from?
Jan 2021 to Jun 2021 (source: Bayleys Turangi Purchaser Statistics)
Bay of Plenty4%