Your local property report This report covers your local suburbs of , , Awapuni, , , , Highbury, , Kelvin Grove, Milson, Palmerston North, Roslyn, , , West End and Westbrook.

August 2021

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 for $565,000. sale, over the past 12 months, which is higher than the same time last year. This has impacted sales with 1,684 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 224 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 17.7% and now median sales price grow by 37.1%. The median sales price of a home have a median price of $672,500. in Aokautere is now $1,035,000. West End saw its median sales price The time it takes to sell a home in our region ranges from 8 days in grow by 29.0% with the median price now sitting at $547,000 and Ashhurst to 14 days in Fitzherbert. Milson grew 27.8% across 128 individual sales with a median of

Suburb performance Strongest growth 37.1% Aokautere 12 months SOLD

SOLD Aokautere 11 $1,035,000 37.1% 14 Most traded 224 West End 105 $547,000 29.0% 10 Hokowhitu properties Milson 128 $565,000 27.8% 9 Fastest sellers 8 Terrace End 101 $595,000 27.3% 10 Ashhurst 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 219 homes were listed for sale over the past year.

Homes in Hokowhitu have an average land size of 636 square metres.

The suburb is tightly held with residents typically holding their home for 9 years.

The median value of dwellings in Hokowhitu is $808,700. This is higher than the median sales price which is currently $672,500.

Over the past 12 months, buyer interest has lifted with 224 homes sold this year compared to 176 sales last year.

Homes are typically selling within 14 days.

Sales prices have grown by 17.7% 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 224 $672,500 17.7% 14 $161.08m NA NA

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

533 Ruahine Street, Hokowhitu 5 Nathan Place, Bunnythorpe

5 2 3 613m2 3 1 1 1041m2

Sale Price$935,000 Property Type Rental flats Sale PriceUndisclosed Property Type Dwelling Sale Date14/07/21 Days on Market 10 Sale Date30/06/21 Days on Market 15

15A Moyne Avenue, Milson 6 Miles Place, Awapuni

2 1 2 468m2 3 1 2 681m2

Sale Price$749,000 Property Type Dwelling Sale PriceUndisclosed Property Type Dwelling Sale Date30/06/21 Days on Market 8 Sale Date30/06/21 Days on Market 15

196 Botanical Road, Takaro 119 Heretaunga Street, Palmerston North

4 2 1 676m2 3 1 2 656m2

Sale Price$610,000 Property Type Dwelling Sale Price$680,000 Property Type Dwelling Sale Date30/06/21 Days on Market 65 Sale Date29/06/21 Days on Market 8

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