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May 2018 Market Update

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$27K PRICE INCREASE SEES NZ HIT NEW RECORD MEDIAN PRICE IN MAY SAYS REINZ

A year-on-year price increase of $27,000 has seen New Zealand achieve a new record median house price of $562,000 – a 5.0% increase – according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.

Median prices for New Zealand excluding Auckland increased by 5.8% annually to $455,000, up from $430,000. However, Auckland’s median price decreased 1.3% from the same time last year, with May 2018 seeing a price of $852,000 (down from $862,800 in May 2017).  

Silverdale/Millwater May 2018

  • Median Sale Price = $1,180,000

  • House Sold = 23

  • Median Days on the Market = 43

Orewa May 2018

  • Median Sale Price = $950,000

  • House Sold = 35

  • Median Days on the Market = 43

Red Beach May 2018

  • Median Sale Price = $1,014,000

  • House Sold = 12

  • Median Days on the Market = 23

Stanmore Bay May 2018

  • Median Sale Price = $729,500

  • House Sold = 22

  • Median Days on the Market = 41

Median Sale Price from May 2017 to May 2018

STATS MAY O M R S.PNG