Our region continues to enjoy good buyer inquiry right across our price ranges. In some areas a lack of new listings to the market has created increased demand, especially at the top end of the market.
Mount Maunganui property values continue to climb as the oceanside suburb edges nearer to the $1 million mark.
Data released by NZME’s OneRoof show the median value of Mount Maunganui property reached $890,600 as of July 31 this year.
The value is a surge of more than $70,000 from the previous year, making Mount Maunganui the Bay of Plenty’s most expensive place to purchase property.
The same data pinpoints Merivale as Tauranga’s most affordable suburb with a median value of $446,600.
The Tauranga market experienced a small slowdown over the winter, yet it is still ticking along nicely, with sales actually better than this time last year.
While first home buyers, although active, are taking longer to transact due to financing constraints and options currently in the marketplace.
If you are thinking of buying or selling, talk to EVES today.
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