The Taupo Real Estate Market Report – The Bayleys Taupo Difference
 

August 2019

 

The last official month of winter produced a very good month in the local real estate market where a total of 59 house sales were recorded, together with a further 16 section sales. The monthly moving median increased to $525,000 on an annual median figure of $515,166, very much in line with the trend over the last year or so. Section data continues to benefit from new titles issuing around various new developments, with the monthly median recorded at $275,000 on an annualised figure of $251,014. Overall the market continues to perform in a very consistent manner, with perhaps the only blip being the increase in median days to sell, which although slipping back to 52 days from 40 days the previous month is still a fairly positive outcome as we approach the traditional spring time lift.

(Source REINZ Statistics)

 
 

228

Number of sales in the last 3 months (155 Houses 73Sections)

5.21%

Average sale price increased Annual moving median Aug 2018 - Aug 2019

52

Median days on the market (Houses incl Turangi)
 

Where do our buyers come from?

Period: 1 January 2018 to 1 January 2019

 
  • Local 49%49%
  • Auckland 18%18%
  • Bay Of Plenty 7%7%
  • Hawkes Bay 4%4%
  • Waikato 8%8%
  • Manawatu 3%3%
  • Taranaki 1%1%
  • Wellington 4%4%
  • South Island 1%1%
  • Overseas Buyers 5%5%