Your local property report This report covers your local suburbs of Holmes Hill, Kakanui, Kurow, Moeraki, Oamaru, Oamaru North, Omarama, Otematata, South Hill and Weston.
September 2020
Brought to you by the team at LJ Hooker Oamaru pq ph. 03 434 9014 f. 03 434 6708 ef [email protected] wx oamaru.ljhooker.co.nz/ Your local property report
What’s happening in our local property market
Recent Sales (12 months)
At LJ Hooker Oamaru 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 482 properties listed for sale, The most traded suburb for homes in our area has been Oamaru over the past 12 months, which is higher than the same time last North with 113 homes sold over the past 12 months. Dwelling prices year. This has impacted sales with 377 taking place over the past 12 in Oamaru North have performed strongly with growth of 12.4% and months. Looking at the market, the best performing suburb, over the now have a median price of $308,000. past 12 months, has been Kakanui which has seen its median sales price grow by 33.6%. The median sales price of a home in Kakanui The time it takes to sell a home in our region ranges from 17 days in is now $394,000. Oamaru saw its median sales price grow by 16.7% Kakanui to 67 days in Omarama. with the median price now sitting at $321,000 and Holmes Hill grew 14.8% across 39 individual sales with a median of $374,000.
Suburb performance Strongest growth 33.6% Kakanui 12 months SOLD
SOLD Kakanui 16 $394,000 33.6% 17 Most traded 113 Oamaru 59 $321,000 16.7% 19 Oamaru North properties Holmes Hill 39 $374,000 14.8% 30 Fastest sellers 17 Oamaru North 113 $308,000 12.4% 31 Kakanui days SOLD Number sold (12 months) Median Price Median Growth 12 months Median Days on Market
Oamaru Your local property report
This month it’s all about Oamaru North
One of the most popular suburbs in our region is Oamaru North where 149 homes were listed for sale over the past year.
Homes in Oamaru North have an average land size of 802 square metres.
The suburb is tightly held with residents typically holding their home for 9 years.
The median value of dwellings in Oamaru North is $344,250. This is higher than the median sales price which is currently $308,000.
Over the past 12 months, buyer interest has eased with 113 homes sold this year compared to 153 sales last year.
Homes are typically selling within 31 days.
Sales prices have grown by 12.4% over the past 12 months. All of this means it is now a good time to buy in Oamaru North.
Recent Sales (12 months) Snapshot on Oamaru North
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 113 $308,000 12.4% 31 $37.11m $330 5.0%
Sales and Listings – Oamaru North Prices and change – Oamaru North
Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years
Oamaru Your local property report
Recent Area Sales
13 Arthur Street, Holmes Hill 6 Aln Street, Oamaru
3 1 1 652m2 3 1 3 1012m2
Sale Price$374,000 Property Type Dwelling Sale Price$220,000 Property Type Dwelling Sale Date31/07/20 Days on Market 89 Sale Date31/07/20 Days on Market 31
3 Stirling Street, Kakanui 8A Magdala Street, Kakanui
2 1 0 384m2 3 2 0 505m2
Sale Price$315,000 Property Type Dwelling Sale Price$620,000 Property Type Dwelling Sale Date30/07/20 Days on Market 58 Sale Date30/07/20 Days on Market 9
17A Girvan Street, Oamaru North 17 Sandringham Street, Oamaru North
2 1 1 0m2 3 1 1 1518m2
Sale PriceUndisclosed Property Type Ownership ho Sale Price$394,000 Property Type Dwelling Sale Date30/07/20 Days on Market 1 Sale Date30/07/20 Days on Market 1
Oamaru LJ Hooker Oamaru Robertson Real Estate Ltd Licensed REAA 2008 ph. 03 434 9014 f. 03 434 6708 [email protected] oamaru.ljhooker.co.nz/
Data for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This data is provided as general information only and is not intended as financial advice. For our complete terms and conditions of use, go to www.corelogic.co.nz