Real Estate Insights

The latest in Tauranga Real Estate news, along with insights from Neil Walker and his Team

July 2020 posted more sales, higher prices and quicker times to sell right across the Bay of Plenty. The median sale price for the Bay increased to $659,000 and in Tauranga City is was $710,000. There were 70 sales above $1m in the city. 

The greatest challenges for buyers right now are securing  finance, the limited number of properties currently for sale and an increase in competition as many kiwis return home. Now that overseas holiday options are limited, many kiwis are spending more in our local economy, including buying property. The low interest rates and strong demand are contributing to the increase in house prices. The outlook is for these trends to continue for a while. 

Reports

Sales by Suburb Tauranga City July 2020

High End Sales Tauranga City July 2020

The Bay of Plenty Regional Report July 2020