Real Estate Insights

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

Real Estate Activity for Tauranga City

Residential sales results for August 2018 are out now.

119 Residential Sales – slightly up on  July (111)

$574,000 Median Sale Price – a slight dip

43 Average Days on the Market – much the same

Here’s the Recent Month’s data for comparison.

If you’d like to see the actual sales for Tauranga City and how they compared to their Rating Valuations – subscribe here

Around the Country

What’s happening to property values in the main centres?

Tauranga – a flat and stable market

Hamilton – a flat and fairly stable market

Auckland – a flat market with a recent increase in the median sale price

Wellington – a continued  increase in values

Christchurch – easing values

Queenstown – a big change. Values have eased

Here’s the main centres results in more detail

What Price Ranges are selling the best?

In Tauranga it’s the $500,000 – $800,000 range that accounts for 54% of recent sales. At the Mount / Papamoa Coast it’s 63% of the market. Have a closer look at the actual breakdown of sales in August.

New Valuations are out in a couple of months

The new 2018 Rating Valuations (RV’s) for Tauranga City are out in November, backdated to July 2018. Often property owners mistakingly see these RV’s as being what their property is actually worth. However after bearing in mind the method, the purpose and what is not captured in the Valuation figure, the actual Market Value could be considerably more. The TCC website has some excellent information about the RV’s. If you’d like information on the Market Value of your property, then contact me.

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