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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. August 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 1,430 properties listed for median of $471,000. sale, over the past 12 months, which is lower than the same time last year. This has impacted sales with 1,558 taking place over the The most traded suburb for homes in our area has been Awapuni past 12 months. Looking at the market, the best performing suburb, with 173 homes sold over the past 12 months. Dwelling prices in over the past 12 months, has been Bunnythorpe which has seen its Awapuni have performed strongly with growth of 13.7% and now median sales price grow by 50.9%. The median sales price of a home have a median price of $449,000. in Bunnythorpe is now $572,000. Ashhurst saw its median sales The time it takes to sell a home in our region ranges from 8 days in price grow by 21.1% with the median price now sitting at $453,000 Takaro to 23 days in Fitzherbert. and Palmerston North grew 20.8% across 141 individual sales with a Suburb performance Strongest growth 50.9% Bunnythorpe 12 months SOLD SOLD Bunnythorpe 15 $572,000 50.9% 17 Most traded 173 Ashhurst 69 $453,000 21.1% 9 Awapuni properties Palmerston North 141 $471,000 20.8% 10 Fastest sellers 8 Roslyn 129 $409,000 20.3% 11 Takaro 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 Awapuni One of the most popular suburbs in our region is Awapuni where 170 homes were listed for sale over the past year. Homes in Awapuni have an average land size of 683 square metres. The suburb is tightly held with residents typically holding their home for 10 years. The median value of dwellings in Awapuni is $502,850. This is higher than the median sales price which is currently $449,000. Over the past 12 months, buyer interest has eased with 173 homes sold this year compared to 203 sales last year. Homes are typically selling within 10 days. Sales prices have grown by 13.7% over the past 12 months. All of this means it is now a great time to sell in Awapuni. Recent Sales (12 months) Snapshot on Awapuni 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 173 $449,000 13.7% 10 $82.48m $400 4.1% Sales and Listings – Awapuni Prices and change – Awapuni 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 98 Ferguson Street, West End 3 Anderson Street, Hokowhitu 3 2 2 555m2 2 1 1 493m2 Sale Price$670,000 Property Type Dwelling Sale Price$424,500 Property Type Ownership ho Sale Date24/07/20 Days on Market 2 Sale Date23/07/20 Days on Market 646 118 Rangiora Avenue, Roslyn 6 Surrey Crescent, Hokowhitu 3 1 2 612m2 5 1 2 985m2 Sale Price$407,500 Property Type Dwelling Sale PriceUndisclosed Property Type Dwelling Sale Date23/07/20 Days on Market 1 Sale Date22/07/20 Days on Market NA 132 Limbrick Street, Terrace End 9 Milton Street, Roslyn 3 1 4 668m2 3 1 2 652m2 Sale Price$527,500 Property Type Dwelling Sale Price$493,000 Property Type Dwelling Sale Date22/07/20 Days on Market 1 Sale Date22/07/20 Days on Market 2 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.
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