Tauranga property market rallies

The latest Real Estate Institute of New Zealand figures show the Tauranga property market is back in line with monthly trends, recovering from a low in February.

They show there were 119 properties sold in Tauranga in the three month period ending March, with a median sale price of $360,000.



This is up from 86 sold with a median sale price of $328,000 in the three month period ending February.

In the March 2010 and March 2009 periods, the sales volumes were over 100 with a median sale price between $340,000 and $360,000.

In the Mount Maunganui and Papamoa areas, there was also a gain on the February period with 78 properties sold at a median price of $432,500 in the March period.

In the February period there were 60 properties sold at a median sale price of $386,500.

The March figures are again closer to the level of previous years, with 76 sold in the March 2010 period at a median sale price of $411,000.

In Western Bay country areas, the median sale price for a property in the March period was $365,000 with 53 properties sold. This is close to unchanged from the February period this year when 57 properties were sold at a median sale price of $365,000.

0 comments

Leave a Comment


You must be logged in to make a comment.