market facts february 2021 tracy real estate RESIDENTIAL SALES GISBORNE

SUBURB 2020 RV PRICE RV/SP % BEDS FLOOR LAND BEACH $659,000 $940,000 42.64% 3 110 1012 BEACH – AVERAGE SALE PRICE % BELOW 2020 RV 42.64% CITY CENTRAL $459,000 $805,000 75.38% 3 110 595 CITY CENTRAL $431,000 $565,000 31.09% 2 111 0 CITY CENTRAL $418,000 $775,000 85.41% 4 140 728 CITY CENTRAL – AVERAGE SALE PRICE % BELOW 2020 RV 63.96% ELGIN $413,000 $550,000 33.17% 3 101 875 ELGIN $359,000 $450,000 25.35% 4 164 995 ELGIN – AVERAGE SALE PRICE % BELOW 2020 RV 29.26% INNER KAITI $489,000 $730,000 49.28% 3 133 607 INNER KAITI $333,000 $453,000 36.04% 2 85 1012 INNER KAITI $633,000 $815,000 28.75% 2 130 862 INNER KAITI $488,000 $655,000 34.22% 3 137 593 INNER KAITI – AVERAGE SALE PRICE % BELOW 2020 RV 37.07% KAITI $494,000 $595,000 20.45% 4 140 951 KAITI $371,000 $492,000 32.61% 2 103 390 KAITI $383,000 $465,000 21.41% 3 120 670 KAITI $597,000 $730,000 22.28% 4 170 761 KAITI – AVERAGE SALE PRICE % BELOW 2020 RV 24.19% LYTTON WEST $649,000 $753,000 16.02% 3 111 827 LYTTON WEST $829,000 $1,080,000 30.28% 3 183 934 LYTTON WEST – AVERAGE SALE PRICE % BELOW 2020 RV 23.15% $390,000 $520,000 33.33% 2 92 587 MANGAPAPA $453,000 $520,000 14.79% 3 120 622 MANGAPAPA $464,000 $560,000 20.69% 3 125 830 MANGAPAPA $395,000 $355,000 -10.13% 3 73 1973 MANGAPAPA $425,000 $545,000 28.24% 4 123 1634 MANGAPAPA $456,000 $700,000 53.51% 3 128 809 MANGAPAPA $428,000 $435,000 1.64% 2 110 1 MANGAPAPA $558,000 $600,000 7.53% 4 142 3035 MANGAPAPA $523,000 $595,000 13.77% 3 1293 1293 MANGAPAPA $463,000 $610,000 31.75% 4 200 800 MANGAPAPA – AVERAGE SALE PRICE % BELOW 2020 RV 19.51%

121 Ormond Road, Gisborne P 06 929 1933 | M 027 553 5360 | E [email protected] Tracy Bristowe, AREINZ | Licensed Real Estate Agent REA 2008 www.tracyrealestate.co.nz

PAGE 1 OF 3 market facts february 2021 RESIDENTIAL SALES GISBORNE

SUBURB 2020 RV PRICE RV/SP % BEDS FLOOR LAND OUTER KAITI $290,000 $370,000 27.59% 4 112 1300 OUTER KAITI $297,000 $462,000 55.56% 3 100 640 OUTER KAITI $305,000 $480,000 57.38% 3 121 680 OUTER KAITI $1,090,000 $1,570,000 44.04% 4 252 15300 OUTER KAITI $272,000 $350,000 28.68% 3 100 630 OUTER KAITI $272,000 $400,000 47.06% 4 111 774 OUTER KAITI $427,000 $590,000 38.17% 4 130 3333 OUTER KAITI $595,000 $816,500 37.23% 3 165 3840 OUTER KAITI – AVERAGE SALE PRICE % BELOW 2020 RV 41.96% RIVERDALE $335,000 $493,000 47.16% 2 55 400 RIVERDALE $553,000 $780,000 41.05% 3 96 400 RIVERDALE $472,000 $635,000 34.53% 3 101 619 RIVERDALE – AVERAGE SALE PRICE % BELOW 2020 RV 40.91% TAMARAU $469,000 $705,000 50.32% 4 135 983 TAMARAU $356,000 $520,000 46.07% 3 91 672 TAMARAU – AVERAGE SALE PRICE % BELOW 2020 RV 48.20% $468,000 $560,000 19.66% 3 120 819 TE HAPARA $375,000 $490,000 30.67% 2 70 596 TE HAPARA $519,000 $720,000 38.73% 5 145 1024 TE HAPARA $684,000 $925,000 35.23% 3 174 1163 TE HAPARA $435,000 $620,000 42.53% 3 96 508 TE HAPARA $500,000 $550,000 10.00% 3 122 607 TE HAPARA $593,000 $730,000 23.10% 4 170 584 TE HAPARA $496,000 $630,000 27.02% 4 140 954 TE HAPARA $519,000 $600,000 15.61% 3 120 732 TE HAPARA $412,000 $568,000 37.86% 3 104 584 TE HAPARA $489,000 $625,000 27.81% 2 110 698 TE HAPARA $413,000 $565,000 36.80% 2 82 690 TE HAPARA $609,000 $650,000 6.73% 3 160 759 TE HAPARA – AVERAGE SALE PRICE % BELOW 2020 RV 27.06%

tracy real estate 121 Ormond Road, Gisborne P 06 929 1933 | M 027 553 5360 | E [email protected] Tracy Bristowe, AREINZ | Licensed Real Estate Agent REA 2008 www.tracyrealestate.co.nz

PAGE 2 OF 3 market facts february 2021 RESIDENTIAL SALES GISBORNE

SUBURB 2020 RV PRICE RV/SP % BEDS FLOOR LAND $489,000 $582,000 19.02% 2 90 455 WHATAUPOKO $718,000 $935,000 30.22% 3 176 858 WHATAUPOKO $638,000 $845,000 32.45% 5 240 1011 WHATAUPOKO $678,000 $885,000 30.53% 3 163 1167 WHATAUPOKO $908,000 $955,000 5.18% 3 210 1645 WHATAUPOKO $600,000 $750,000 25.00% 3 112 602 WHATAUPOKO – AVERAGE SALE PRICE % BELOW 2020 RV 23.73%

AVERAGE % SALE PRICE BELOW 2020 RV OF ALL ABOVE SALES 31.53%

REINZ DATA STATISTICS FOR THE MONTH: RESIDENTIAL HOUSES (including apartments) RESIDENTIAL HOUSES MEDIAN MEDIAN DAYS NUMBER SOLD FEBRUARY 2020 $450,000 36 78 FEBRUARY 2021 $595,000 37 64

Disclaimer: The data herein has been sourced via REINZ and RPNZ, and whilst every care has been taken to verify the accuracy of the information, the writer accepts no responsibility for error or omission. The RV/SP % is the difference between the sale price and the 2020 RV expressed as a percentage. Suburbs covered: Elgin, , Heatherlea, Inner Kaiti, Kaiti, Lytton West, Mangapapa, , Riverdale, Sponge Bay Tamarau, Te Hapara, Wainui, Whataupoko

tracy real estate 121 Ormond Road, Gisborne P 06 929 1933 | M 027 553 5360 | E [email protected] Tracy Bristowe, AREINZ | Licensed Real Estate Agent REA 2008 www.tracyrealestate.co.nz

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