market facts june 2021 tracy real estate RESIDENTIAL SALES GISBORNE

SUBURB 2020 RV PRICE RV/SP % BEDS FLOOR LAND BEACH $789,000 $990,000 25.48% 3 153 803 BEACH – AVERAGE SALE PRICE % ABOVE 2020 RV 25.48% CITY $346,000 $480,000 38.73% 4 120 348 CITY $349,000 $450,000 28.94% 2 80 544 CITY $1,048,000 $1,300,000 24.05% 3 205 - CITY $356,000 $430,000 20.79% 2 100 686 CITY – AVERAGE SALE PRICE % ABOVE 2020 RV 28.13% ELGIN $312,000 $360,000 15.38% 2 82 602 ELGIN – AVERAGE SALE PRICE % ABOVE 2020 RV 15.38% KAITI $528,000 $650,000 23.11% 6 248 1329 KAITI – AVERAGE SALE PRICE % ABOVE 2020 RV 23.11% LYTTON WEST $650,000 $772,500 18.85% 3 130 402 LYTTON WEST $1,243,000 $1,240,000 -0.24% 5 298 1746 LYTTON WEST $791,000 $1,075,000 35.90% 3 230 798 LYTTON WEST $705,000 $850,000 20.57% 4 160 1052 LYTTON WEST $829,000 $1,105,000 33.29% 3 183 933 LYTTON WEST $1,017,000 $1,300,000 27.83% 4 245 800 LYTTON WEST – AVERAGE SALE PRICE % ABOVE 2020 RV 22.70% $465,000 $560,000 20.43% 3 85 888 MANGAPAPA $428,000 $427,500 -0.12% 2 110 683 MANGAPAPA – AVERAGE SALE PRICE % ABOVE 2020 RV 10.16% OUTER KAITI $300,000 $405,000 35.00% 3 95 903 OUTER KAITI $325,000 $420,000 29.23% 3 93 883 OUTER KAITI $326,000 $450,000 38.04% 3 92 809 OUTER KAITI $488,000 $475,000 -2.66% 6 200 976 OUTER KAITI $350,000 $350,000 0.00% 3 88 646 OUTER KAITI $318,000 $455,000 43.08% 3 130 539 OUTER KAITI – AVERAGE SALE PRICE % ABOVE 2020 RV 23.78% RIVERDALE $545,000 $750,000 37.61% 5 180 607 RIVERDALE $981,000 $1,180,000 20.29% 6 340 704 RIVERDALE – AVERAGE SALE PRICE % ABOVE 2020 RV 28.95% $352,000 $450,000 27.84% 3 110 782 TAMARAU – AVERAGE SALE PRICE % ABOVE 2020 RV 27.84% $505,000 $500,000 -0.99% 2 100 - TE HAPARA $470,000 $470,000 0.00% 2 110 - TE HAPARA $348,000 $460,000 32.18% 2 72 495 TE HAPARA $1,373,000 $2,090,000 52.22% 14 510 3274 TE HAPARA $456,000 $605,000 32.68% 4 130 1009

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 2 market facts june 2021 RESIDENTIAL SALES GISBORNE

SUBURB 2020 RV PRICE RV/SP % BEDS FLOOR LAND TE HAPARA $457,000 $600,111 31.32% 3 101 985 TE HAPARA $418,000 $540,000 29.19% 3 111 660 TE HAPARA $421,000 $565,000 34.20% 4 120 548 TE HAPARA – AVERAGE SALE PRICE % ABOVE 2020 RV 26.35% $202,000 $350,000 73.27% 2 110 921 TE KARAKA – AVERAGE SALE PRICE % ABOVE 2020 RV 73.27% SPONGE BAY $698,000 $907,000 29.94% 3 153 474 SPONGE BAY – AVERAGE SALE PRICE % ABOVE 2020 RV 29.94% WHATAUPOKO $519,000 $705,500 35.93% 3 130 719 WHATAUPOKO $382,000 $500,000 30.89% 2 130 619 WHATAUPOKO $968,000 $1,025,000 5.89% 3 210 5157 WHATAUPOKO $710,000 $960,000 35.21% 6 210 1012 WHATAUPOKO $572,000 $760,000 32.87% 4 141 675 WHATAUPOKO $490,000 $792,500 61.73% 2 140 1265 WHATAUPOKO $613,000 $853,000 39.15% 3 164 961 WHATAUPOKO $560,000 $845,000 50.89% 3 123 888 WHATAUPOKO $784,000 $905,000 15.43% 6 280 1325 WHATAUPOKO – AVERAGE SALE PRICE % ABOVE 2020 RV 34.22%

AVERAGE % SALE PRICE ABOVE 2020 RV OF ALL ABOVE SALES 27.52%

REINZ DATA STATISTICS FOR THE MONTH: RESIDENTIAL HOUSES (including apartments) RESIDENTIAL HOUSES MEDIAN MEDIAN DAYS NUMBER SOLD JUNE 2020 $440,000 39 54 JUNE 2021 $605,000 41 44

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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