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.