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.



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