Your local property report This report covers your local suburbs of Alfriston, Alfriston, Ardmore, , , Manurewa, Manurewa East, Pahurehure, Papakura, , Randwick Park and Takanini.

November 2020

Brought to you by the team at LJ Hooker Takanini pq ph. 09 320 5131 f. 09 320 5135 ef [email protected] wx takanini.ljhooker.co.nz/ Your local property report

What’s happening in our local property market

Recent Sales (12 months)

At LJ Hooker Takanini 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 2,239 properties listed for with a median of $608,000. sale, over the past 12 months, which is lower than the same time last year. This has impacted sales with 2,539 taking place over the The most traded suburb for homes in our area has been Manurewa past 12 months. Looking at the market, the best performing suburb, with 618 homes sold over the past 12 months. Dwelling prices in over the past 12 months, has been Manurewa East which has seen Manurewa have performed well with growth of 4.9% and now have a its median sales price grow by 10.5%. The median sales price of a median price of $670,000. home in Manurewa East is now $641,000. Randwick Park saw its The time it takes to sell a home in our region ranges from 17 days in median sales price grow by 8.3% with the median price now sitting Manurewa East to 24 days in Papakura. at $608,000 and Randwick Park grew 8.3% across 91 individual sales

Suburb performance Strongest growth 10.5% Manurewa East 12 months SOLD

SOLD Manurewa East 44 $641,000 10.5% 17 Most traded 618 Randwick Park 91 $608,000 8.3% 21 Manurewa properties Randwick Park 91 $608,000 8.3% 21 Fastest sellers 17 Manurewa 618 $670,000 4.9% 22 Manurewa East days SOLD Number sold (12 months) Median Price Median Growth 12 months Median Days on Market

Takanini Your local property report

This month it’s all about Manurewa

One of the most popular suburbs in our region is Manurewa where 543 homes were listed for sale over the past year.

Homes in Manurewa have an average land size of 561 square metres.

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

The median value of dwellings in Manurewa is $703,100. This is higher than the median sales price which is currently $670,000.

Over the past 12 months, buyer interest has lifted with 618 homes sold this year compared to 538 sales last year.

Homes are typically selling within 22 days.

Sales prices have stabilised by 4.9% over the past 12 months. All of this means it is now a great time to sell in Manurewa.

Recent Sales (12 months) Snapshot on Manurewa

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 618 $670,000 4.9% 22 $424.39m $547 4.0%

Sales and Listings – Manurewa Prices and change – Manurewa

Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years

Takanini Your local property report

Recent Area Sales

39 President Avenue, Papakura 4 Cambridge Road, Manurewa

3 1 1 819m2 3 1 1 1012m2

Sale Price$931,000 Property Type Dwelling Sale Price$1,370,000 Property Type Dwelling Sale Date30/09/20 Days on Market 204 Sale Date29/09/20 Days on Market 12

10/1 Willis Road, Papakura 1 Sime Road, Manurewa

3 1 3 0m2 0 2 2 822m2

Sale Price$725,000 Property Type UNIT Sale Price$930,000 Property Type Home & incom Sale Date29/09/20 Days on Market 198 Sale Date28/09/20 Days on Market NA

5/30 Union Street, Papakura 2/3 Kelvin Road, Papakura

2 1 1 0m2 3 1 1 0m2

Sale Price$460,000 Property Type UNIT Sale Price$675,000 Property Type UNIT Sale Date28/09/20 Days on Market 33 Sale Date28/09/20 Days on Market 14

Takanini LJ Hooker Takanini Realty Executives Ltd Licensed REAA 2008 ph. 09 320 5131 f. 09 320 5135 [email protected] takanini.ljhooker.co.nz/

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