Your Local Property Report This Report Covers Your Local Suburbs of Castlepoint, Kuripuni, Lansdowne, Masterton, Mataikona, Riversdale Beach, Solway and Tinui
Your local property report This report covers your local suburbs of Castlepoint, Kuripuni, Lansdowne, Masterton, Mataikona, Riversdale Beach, Solway and Tinui.
February 2021
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 469 properties listed for sale, The most traded suburb for homes in our area has been Masterton over the past 12 months, which is lower than the same time last with 241 homes sold over the past 12 months. Dwelling prices in year. This has impacted sales with 601 taking place over the past 12 Masterton have performed strongly with growth of 13.5% and now months. Looking at the market, the best performing suburb, over the have a median price of $413,000. past 12 months, has been Kuripuni which has seen its median sales price grow by 25.5%. The median sales price of a home in Kuripuni is The time it takes to sell a home in our region ranges from 14 days in now $420,500. Lansdowne saw its median sales price grow by 15.9% Kuripuni to 18 days in Solway. with the median price now sitting at $445,000 and Solway grew 15.7% across 162 individual sales with a median of $449,000.
Suburb performance Strongest growth 25.5% Kuripuni 12 months SOLD
SOLD Kuripuni 41 $420,500 25.5% 14 Most traded 241 Lansdowne 157 $445,000 15.9% 16 Masterton properties Solway 162 $449,000 15.7% 18 Fastest sellers 14 Masterton 241 $413,000 13.5% 16 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 198 homes were listed for sale over the past year.
Homes in Masterton have an average land size of 865 square metres.
The suburb is tightly held with residents typically holding their home for 10 years.
The median value of dwellings in Masterton is $478,700. This is higher than the median sales price which is currently $413,000.
Over the past 12 months, buyer interest has eased with 241 homes sold this year compared to 283 sales last year.
Homes are typically selling within 16 days.
Sales prices have grown by 13.5% 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 in Average Days Total Value Median Indicative Gross Properties Sold Sale Price Median Price on Market of Sales Asking Rent Rental Yield 241 $413,000 13.5% 16 $105.98m $385 4.2%
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
8 McLaughlin Drive, Tinui 87 Bentley Street, Masterton
2 1 2 1770m2 3 1 1 652m2
Sale Price$440,000 Property Type Dwelling Sale Price$330,000 Property Type Dwelling Sale Date23/12/20 Days on Market 10 Sale Date17/12/20 Days on Market 108
122 Renall Street, Masterton 8 Iorns Street, Masterton
3 1 3 1012m2 3 1 1 1134m2
Sale Price$457,000 Property Type Dwelling Sale Price$480,000 Property Type Dwelling Sale Date17/12/20 Days on Market 9 Sale Date16/12/20 Days on Market 13
2 Kereru Place, Masterton 3 Newland Place, Masterton
4 1 2 658m2 2 1 1 447m2
Sale Price$750,000 Property Type Dwelling Sale Price$370,000 Property Type Dwelling Sale Date16/12/20 Days on Market 7 Sale Date15/12/20 Days on Market NA
Masterton LJ Hooker Masterton McHattie Realty Ltd Licensed REAA 2008 ph. 06 378 8666 f. 06 378 2139 [email protected] masterton.ljhooker.co.nz/
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