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Your Local Property Report

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Your Local Property Report Palmerston North Your local property report This report covers your local suburbs of Aokautere, Ashhurst, Awapuni, Bunnythorpe, Cloverlea, Fitzherbert, Highbury, Hokowhitu, Kelvin Grove, Milson, Palmerston North, Roslyn, Takaro, Terrace End, West End and Westbrook. May 2019 Brought to you by the team at LJ Hooker Palmerston North pq ph. 06 358 9009 f. 06 356 8464 ef [email protected] wx palmerstonnorth.ljhooker.co.nz/ Your local property report What’s happening in our local property market Recent Sales (12 months) At LJ Hooker Palmerston North 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 1,702 properties listed across 150 individual sales with a median of $336,600. for sale, over the past 12 months, which is higher than the same time last year. This has impacted sales with 1,820 taking The most traded suburb for homes in our area has been place over the past 12 months. Looking at the market, the best Hokowhitu with 213 homes sold over the past 12 months. performing suburb, over the past 12 months, has been Ashhurst Dwelling prices in Hokowhitu have performed well with growth of which has seen its median sales price grow by 20.9%. The 2.0% and now have a median price of $481,500. median sales price of a home in Ashhurst is now $364,000. The time it takes to sell a home in our region ranges from 7 days Westbrook saw its median sales price grow by 20.4% with the in Westbrook to 27 days in Bunnythorpe. median price now sitting at $331,000 and Roslyn grew 17.7% Suburb performance Strongest growth 20.9% Ashhurst 12 months SOLD SOLD Ashhurst 82 $364,000 20.9% 13 Most traded 213 Westbrook 43 $331,000 20.4% 7 Hokowhitu properties Roslyn 150 $336,600 17.7% 11 Fastest sellers 7 Takaro 137 $359,000 14.0% 15 Westbrook SOLD days Number sold (12 months) Median Price Median Growth 12 months Median Days on Market Palmerston North Your local property report This month it’s all about Hokowhitu One of the most popular suburbs in our region is Hokowhitu where 230 homes were listed for sale over the past year. Homes in Hokowhitu have an average land size of 659 square metres. The suburb is tightly held with residents typically holding their home for 10 years. The median value of dwellings in Hokowhitu is $536,350. This is higher than the median sales price which is currently $481,500. Over the past 12 months, buyer interest has lifted with 213 homes sold this year compared to 206 sales last year. Homes are typically selling within 15 days. Sales prices have stabilised by 2.0% over the past 12 months. All of this means it is now a great time to sell in Hokowhitu. Recent Sales (12 months) Snapshot on Hokowhitu 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 213 $481,500 2.0% 15 $110.07m $325 3.2% Sales and Listings – Hokowhitu Prices and change – Hokowhitu Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years Palmerston North Your local property report Recent Area Sales 9A Cuba Street, Takaro 121 Savage Crescent, West End 3 2 2 413m2 2 1 1 652m2 Sale Price $400,000 Property Type Dwelling Sale Price $363,000 Property Type Dwelling Sale Date29/03/19 Days on Market 142 Sale Date29/03/19 Days on Market 12 234 College Street, West End 625A Ferguson Street, Terrace End 2 1 1 534m2 2 1 1 338m2 Sale Price $330,000 Property Type Dwelling Sale Price $390,000 Property Type Dwelling Sale Date29/03/19 Days on Market 11 Sale Date29/03/19 Days on Market 25 77 Wikiriwhi Crescent, Awapuni 29 Clausen Street, Takaro 3 1 2 759m2 3 1 2 709m2 Sale Price $475,000 Property Type Dwelling Sale Price $340,000 Property Type Dwelling Sale Date28/03/19 Days on Market 59 Sale Date28/03/19 Days on Market 22 Palmerston North LJ Hooker Palmerston North Manawatu 1994 Ltd Licensed REAA 2008 ph. 06 358 9009 f. 06 356 8464 [email protected] palmerstonnorth.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. Come insideCoreLogic or visit does not warrantljhooker.co.nz its accuracy or completeness toand to find the full extent outallowed by more.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.
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