Your local property report This report covers your local suburbs of , , Lansdowne, Masterton, Mataikona, Riversdale Beach, Solway and Tinui.

June 2019

Brought to you by the team at LJ Hooker Masterton pq ph. 06 378 8666 f. 06 378 2139 ef [email protected] wx masterton.ljhooker.co.nz/ Your local property report

What’s happening in our local property market

Recent Sales (12 months)

At LJ Hooker Masterton our goal is to provide you with the information you need to make confident decisions about property - whether you are buying, selling, investing or renting. We have created this report which details local market conditions and how property is performing in your area which at times can be very different to the combined performance of the capital cities. Let us help you stay on top of changes in your local property market every month.

Across our local market, we have seen 540 properties listed for grew 16.9% across 130 individual sales with a median of sale, over the past 12 months, which is higher than the same $367,000. time last year. This has impacted sales with 490 taking place over the past 12 months. Looking at the market, the best performing The most traded suburb for homes in our area has been suburb, over the past 12 months, has been Riversdale Beach Masterton with 196 homes sold over the past 12 months. which has seen its median sales price grow by 34.9%. The Dwelling prices in Masterton have performed strongly with growth median sales price of a home in Riversdale Beach is now of 12.2% and now have a median price of $330,000. $545,000. Solway saw its median sales price grow by 18.2% The time it takes to sell a home in our region ranges from 17 days with the median price now sitting at $347,500 and Lansdowne in Kuripuni to 32 days in Riversdale Beach.

Suburb performance Strongest growth 34.9% Riversdale Beach 12 months SOLD

SOLD Riversdale Beach 17 $545,000 34.9% 32 Most traded 196 Solway 102 $347,500 18.2% 20 Masterton properties Lansdowne 130 $367,000 16.9% 29 Fastest sellers 17 Kuripuni 45 $317,500 13.8% 17 Kuripuni days SOLD Number sold (12 months) Median Price Median Growth 12 months Median Days on Market

Masterton Your local property report

This month it’s all about Masterton

One of the most popular suburbs in our region is Masterton where 225 homes were listed for sale over the past year.

Homes in Masterton have an average land size of 829 square metres.

The suburb is tightly held with residents typically holding their home for 10 years.

The median value of dwellings in Masterton is $355,450. This is higher than the median sales price which is currently $330,000.

Over the past 12 months, buyer interest has eased with 196 homes sold this year compared to 269 sales last year.

Homes are typically selling within 21 days.

Sales prices have grown by 12.2% over the past 12 months. All of this means it is now a great time to sell in Masterton.

Recent Sales (12 months) Snapshot on Masterton

SOLD

Number of Median Average Change Average Days Total Value Median Indicative Gross Properties Sold Sale Price in Median Price on Market of Sales Asking Rent Rental Yield 196 $330,000 12.2% 21 $68m $350 5.1%

Sales and Listings – Masterton Prices and change – Masterton

Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years

Masterton Your local property report

Recent Area Sales

41 Wavell Crescent, Lansdowne 4 Jellicoe Place, Solway

3 1 2 862m2 3 1 2 727m2

Sale Price $340,000 Property Type Dwelling Sale Price $361,500 Property Type Dwelling Sale Date29/04/19 Days on Market 27 Sale Date26/04/19 Days on Market 7

21 Taranaki Street, Kuripuni 113 Cole Street, Masterton

3 1 1 754m2 4 1 2 974m2

Sale Price $365,000 Property Type Dwelling Sale Price $403,500 Property Type Dwelling Sale Date26/04/19 Days on Market 22 Sale Date24/04/19 Days on Market 45

21 Titoki Street, Lansdowne 24A Totara Street, Lansdowne

2 1 2 778m2 2 1 1 718m2

Sale Price $428,000 Property Type Dwelling Sale Price $295,000 Property Type Dwelling Sale Date16/04/19 Days on Market 20 Sale Date16/04/19 Days on Market 30

Masterton LJ Hooker Masterton McHattie Realty Ltd Licensed REAA 2008 ph. 06 378 8666 f. 06 378 2139 [email protected] masterton.ljhooker.co.nz/ Come inside or visit ljhooker.co.nz to find out more.

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