Prices con­tinue to climb for re­gion

Matamata Chronicle - - Out & About - LAWRENCE GULLERY

Waikato’s prop­erty prices con­tinue to move up but vol­umes are trend­ing down and days to sell are eas­ing, as the win­ter sea­son con­tin­ues.

Real Es­tate In­sti­tute of New Zealand’s re­port for May, is­sued re­cently, showed the me­dian price in the Waikato re­gion, up 20 per cent, was close to its re­cent record high.

There was a strong lift in sales vol­umes, re­gion­ally, af­ter a weak April. Auck­land buy­ers con­tin­ued to be ac­tive in the Waikato re­gion al­though in­creas­ing stock lev­els is mak­ing some sell­ers more ne­go­tiable.

In the breakdown for the Mata­mata-Pi­ako district, the me­dian price was $422,000, down on the $486,000 made in April but up on the $335,000 recorded in May 2016.

There were 36 prop­er­ties sold in May, com­pared to 31 in April and 73 in May 2016.

Neigh­bour­ing districts also recorded in­creases in me­dian prices for May, com­pared to the same month last year.

In the Waipa district, the me­dian price for a prop­erty in May was $555,000, up on the $550,000 in April and up on the $490,000 recorded in May 2016.

Waipa recorded the sec­ond high­est me­dian price in the Waikato, behind Thames-Coro­man­del ($585,000) but in front of Hamil­ton city ($526,000).

When it came to the num­ber of prop­er­ties sold in the Waipa district, 88 were recorded for May, up on the 63 for April but down on the 93 sold in May 2016.

In Hamil­ton city, the me­dian price for a prop­erty was $526,000 for May, slightly down on the $532,500 for April but up on the $479,000 for May 2016.

There were 307 prop­er­ties sold in the city for May, 241 in April and 345 in May 2016.

In the Waikato district the me­dian price for a prop­erty was $486,000 in May, $410,000 in April and $371,000 in May 2016.

There were 847 prop­er­ties sold in the Waikato district in May, 49 in April and 93 in May 2016.

The num­ber of days to sell a prop­erty across the Waikato re­gion eased by four, from 37 in April to 41 in May.

The num­ber of days to sell eased by 11 com­pared to May 2016.

Over the past decade the av­er­age num­ber of days to sell dur­ing May, for the Waikato re­gion, was 52.

On a sea­son­ally ad­justed ba­sis, sales for May in­creased by 3 per cent for the re­gion, com­pared to April, in­di­cat­ing a stronger than ex­pected in­crease for May.

REX­INE HAWES

A sold prop­erty on Sta­tion Road, Mata­mata

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