Bay house sales down

The volume of house sales in the Western Bay of Plenty is down in January according to the latest Real Institute of New Zealand figures.
The number of sales in the Western Bay of Plenty in January was 44, down from 53 in December 2009.


The median price decreased to $361,000 from $365,000 in December.
This is still an improvement on January 2009, however, when just 28 houses were sold in the Western Bay with a median sale price of $379,000.
In Mount Maunganui and Papamoa, the price for a house decreased to $395,500 in January from $440,000 in December.
There were 40 houses that sold in Mount Maunganui and Papamoa in January, down from 59 in December.
The median price for a house in Tauranga in January was $349,000, up from $337,500 in December and $343,750 in January 2009.

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