Your local property report This report covers your local suburbs of Brooklands, Lynmouth, Moturoa, New Plymouth, Strandon, Vogeltown, Welbourn and Westown.
May 2020
Brought to you by the team at LJ Hooker New Plymouth pq ph. 06 758 5550 ef [email protected] wx newplymouth.ljhooker.co.nz/ Your local property report
What’s happening in our local property market
Recent Sales (12 months)
At LJ Hooker New Plymouth 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 520 properties listed for sale, $398,000. over the past 12 months, which is lower than the same time last year. This has impacted sales with 477 taking place over the past The most traded suburb for homes in our area has been Westown 12 months. Looking at the market, the best performing suburb, over with 145 homes sold over the past 12 months. Dwelling prices in the past 12 months, has been Brooklands which has seen its median Westown have performed well with growth of 6.6% and now have a sales price grow by 27.0%. The median sales price of a home in median price of $421,000. Brooklands is now $494,000. Lynmouth saw its median sales price The time it takes to sell a home in our region ranges from 13 days in grow by 21.3% with the median price now sitting at $478,000 and Vogeltown to 24 days in Welbourn. Vogeltown grew 7.9% across 31 individual sales with a median of
Suburb performance Strongest growth 27.0% Brooklands 12 months SOLD
SOLD Brooklands 12 $494,000 27.0% 20 Most traded 145 Lynmouth 29 $478,000 21.3% 21 Westown properties Vogeltown 31 $398,000 7.9% 13 Fastest sellers 13 Westown 145 $421,000 6.6% 14 Vogeltown days SOLD Number sold (12 months) Median Price Median Growth 12 months Median Days on Market
New Plymouth Your local property report
This month it’s all about Westown
One of the most popular suburbs in our region is Westown where 145 homes were listed for sale over the past year.
Homes in Westown have an average land size of 735 square metres.
The suburb is tightly held with residents typically holding their home for 9 years.
The median value of dwellings in Westown is $453,600. This is higher than the median sales price which is currently $421,000.
Over the past 12 months, buyer interest has lifted with 145 homes sold this year compared to 139 sales last year.
Homes are typically selling within 14 days.
Sales prices have grown by 6.6% over the past 12 months. All of this means it is now a great time to sell in Westown.
Recent Sales (12 months) Snapshot on Westown
SOLD
Number of Median Average Change in Average Days Total Value Median Indicative Gross Properties Sold Sale Price Median Price on Market of Sales Asking Rent Rental Yield 145 $421,000 6.6% 14 $63.54m $400 4.6%
Sales and Listings – Westown Prices and change – Westown
Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years
New Plymouth Your local property report
Recent Area Sales
17A Hamblyn Street, Strandon 7 Tukapa Street, Westown
3 2 4 710m2 2 1 1 486m2
Sale PriceUndisclosed Property Type Dwelling Sale Price$495,000 Property Type Dwelling Sale Date02/04/20 Days on Market 9 Sale Date02/04/20 Days on Market 22
137 Clawton Street, Westown 121 Pendarves Street, New Plymouth
3 1 1 0m2 3 2 1 523m2
Sale Price$380,000 Property Type Dwelling Sale PriceUndisclosed Property Type Dwelling Sale Date01/04/20 Days on Market 15 Sale Date27/03/20 Days on Market 6
1/6 Hoyle Place, New Plymouth 65 Paynters Avenue, Strandon
2 1 1 0m2 2 1 1 582m2
Sale Price$346,000 Property Type UNIT Sale Price$530,300 Property Type Dwelling Sale Date24/03/20 Days on Market 27 Sale Date24/03/20 Days on Market 18
New Plymouth LJ Hooker New Plymouth Town & Country Real Estate Ltd Licensed REAA 2008 ph. 06 758 5550 [email protected] newplymouth.ljhooker.co.nz/
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