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March 2024

 
 
 

A solid if unspectacular start to Autumn in the Turangi housing market, with the 10 dwelling sales augmented with a single section sale. The Annual Moving Median continues in a consistent vein, standing $536,525, practically identical to twelve months earlier. The dip in the Monthly Median was a true reflection of where sales activity occurred, with no reported sales toward the higher end of the price spectrum. Interesting to note that the housing sales recorded in the first three months of 2024 are almost double that achieved during the same period last year.

(Source REINZ Statistics)

 
 
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11

Number of sales in the last month March 2024 (10 houses and 1 section)
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1.91%

Average sale price decreased. Annual moving median (March 2023 - March 2024)
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$536,325

Annual moving median - houses (March 2024)
 

Where do our buyers come from?

 

Jan 2022 to December 2022 (source: Bayleys Turangi Purchaser Statistics)

    • Local27%
    • Auckland17%
    • Bay of Plenty7%
    • Hawkes Bay5%
    • Waikato7%
    • Manawatu15%
    • Wellington7%
    • Taranaki7%
    • Overseas3%
     

    Southern Lakes Region


    October 2023 to March 2024

    57

    Number of houses sold

    $593,654

    Average house sale price

    4

    Number of sections sold

    $256,375

    Average section sale price

    Turangi


    October 2023 to March 2024

    33

    Number of houses sold

    $431,873

    Average house sale price

    2

    Number of sections sold

    $192,750

    Average section sale price
     

    Motuoapa


    October 2023 to March 2024

    8

    Number of houses sold

    $726,250

    Average house sale price

    2

    Number of sections sold

    $320,000

    Average section sale price
     

    Western Bays

    Pukawa - Omori - Kuratau
    October 2023 to March 2024

    11

    Number of houses sold

    $937,864

    Average house sale price

    -

    Number of sections sold

    -

    Average section sale price
     

    Whareroa


    October 2023 to March 2024

    -

    Number of houses sold

    -

    Average house sale price

    -

    Number of sections sold

    -

    Average section sale price
     

    Eastern Bays

    Waitetoko - Oruatua - Tauranga-Taupo
    October 2023 to March 2024

    4

    Number of houses sold

    $735,000

    Average house sale price

    -

    Number of sections sold

    -

    Average section sale price