Real Estate Insights

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

The year starts strong

The year starts strong

Real estate activity in Tauranga City was strong during January. While quieter than December, the number of sales and prices paid were up on 12 months ago. It’s the 3rd consecutive month where the median sale price in the city was $700,000 plus. 12 months ago the...

Record Median Sale Price

Record Median Sale Price

The Median Sale Price for Tauranga City hit a new record of $700,000 in November. That means there were just as many sales above that level as there were below that point. That median is definitely trending upwards. Whether that’s a spike or a sustained lift will be...

Sales Dip as Winter Ends

Sales Dip as Winter Ends

As winter came to an end, there were fewer sales during August in Tauranga City. This reflected the lower number of properties that were offered for sale. The seasonal result was not unusual for this time of the year. Now that Spring has arrived we can expect a lift...

Local Property Market Activity is Steady

Local Property Market Activity is Steady

Sales activity in June continued the steady market trend in Tauranga. Prices shifted slightly upward over the 12 month period. The median sale price for a home in Tauranga City was $673,000. While there were marginally more sales compared with 12 months ago, the...

Tauranga enjoys stable market conditions

Tauranga enjoys stable market conditions

  There were 25% more sales in May than the previous month, but down on the same period last year. The median sale price of $677,500 for a residential property in Tauranga is about the same level as previous months. All that means is there continues to be just as many...

Fewer Sales for Tauranga in April

Fewer Sales for Tauranga in April

Sales were down 25% during April when compared to the same period last year. The number of public holidays together with school breaks would have influenced that. The median sale price for the City was up on the previous month and on April 2018 as well. Properties on...

Sales Lift in March

Sales Lift in March

The Summary ... The market sentiment is positive. Good demand from buyers and well priced stock resulted in more sales in March. And properties also tended to sell quicker. Compared with January and February, there were more sales. However they were down against March...

High End Sales

High End Sales

As the first quarter of 2019 closes, it's good to see the strong demand for high end property continuing. A million dollar property these days is not necessarily a flash home. That's because the land value in some cases is high. That can be hard for some property...