Your Local Property Report
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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. November 2020 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 1,461 properties listed for median of $479,000. sale, over the past 12 months, which is lower than the same time last year. This has impacted sales with 1,570 taking place over the The most traded suburb for homes in our area has been Hokowhitu past 12 months. Looking at the market, the best performing suburb, with 187 homes sold over the past 12 months. Dwelling prices in over the past 12 months, has been Aokautere which has seen its Hokowhitu have performed strongly with growth of 14.0% and now median sales price grow by 68.5%. The median sales price of a home have a median price of $574,000. in Aokautere is now $755,000. Ashhurst saw its median sales price The time it takes to sell a home in our region ranges from 8 days in grow by 21.5% with the median price now sitting at $464,000 and Cloverlea to 37 days in Aokautere. Palmerston North grew 21.0% across 133 individual sales with a Suburb performance Strongest growth 68.5% Aokautere 12 months SOLD SOLD Aokautere 10 $755,000 68.5% 37 Most traded 187 Ashhurst 66 $464,000 21.5% 9 Hokowhitu properties Palmerston North 133 $479,000 21.0% 9 Fastest sellers 8 Roslyn 136 $419,000 20.9% 12 Cloverlea days SOLD 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 177 homes were listed for sale over the past year. Homes in Hokowhitu have an average land size of 666 square metres. The suburb is tightly held with residents typically holding their home for 10 years. The median value of dwellings in Hokowhitu is $642,950. This is higher than the median sales price which is currently $574,000. Over the past 12 months, buyer interest has eased with 187 homes sold this year compared to 224 sales last year. Homes are typically selling within 13 days. Sales prices have grown by 14.0% 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 in Average Days Total Value Median Indicative Gross Properties Sold Sale Price Median Price on Market of Sales Asking Rent Rental Yield 187 $574,000 14.0% 13 $116.88m $370 3.0% 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 36 Clifton Terrace, Fitzherbert 44 Keeling Street, West End 5 3 2 1391m2 4 1 2 834m2 Sale Price$830,000 Property Type Dwelling Sale Price$545,500 Property Type Dwelling Sale Date30/09/20 Days on Market 1 Sale Date30/09/20 Days on Market 16 202 Salisbury Street, Ashhurst 4 Margaret Street, Roslyn 3 1 1 809m2 3 1 1 354m2 Sale Price$450,000 Property Type Dwelling Sale Price$487,000 Property Type Dwelling Sale Date30/09/20 Days on Market 7 Sale Date29/09/20 Days on Market 144 106 Pacific Drive, Fitzherbert 38 Dalfield Place, Highbury 4 2 2 726m2 3 1 2 533m2 Sale Price$696,550 Property Type Dwelling Sale Price$455,000 Property Type Dwelling Sale Date29/09/20 Days on Market 71 Sale Date25/09/20 Days on Market 31 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. 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.