Wanganui Your local property report This report covers your local suburbs of Aramoho, Castlecliff, Durie Hill, Gonville, Saint Johns Hill, Springvale, Whanganui and Whanganui East. September 2020 Brought to you by the team at LJ Hooker Wanganui pq ph. 06 345 6123 ef [email protected] wx wanganui.ljhooker.co.nz Your local property report What’s happening in our local property market Recent Sales (12 months) At LJ Hooker Wanganui 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 572 properties listed for sale, The most traded suburb for homes in our area has been Castlecliff over the past 12 months, which is higher than the same time last with 124 homes sold over the past 12 months. Dwelling prices in year. This has impacted sales with 534 taking place over the past 12 Castlecliff have performed strongly with growth of 38.6% and now months. Looking at the market, the best performing suburb, over the have a median price of $263,000. past 12 months, has been Castlecliff which has seen its median sales price grow by 38.6%. The median sales price of a home in Castlecliff The time it takes to sell a home in our region ranges from 12 days in is now $263,000. Gonville saw its median sales price grow by 34.6% Durie Hill to 22 days in Springvale. with the median price now sitting at $292,000 and Aramoho grew 30.6% across 92 individual sales with a median of $286,000. Suburb performance Strongest growth 38.6% Castlecliff 12 months SOLD SOLD Castlecliff 124 $263,000 38.6% 17 Most traded 124 Gonville 121 $292,000 34.6% 21 Castlecliff properties Aramoho 92 $286,000 30.6% 16 Fastest sellers 12 Springvale 109 $391,000 18.8% 22 Durie Hill days SOLD Number sold (12 months) Median Price Median Growth 12 months Median Days on Market Wanganui Your local property report This month it’s all about Castlecliff One of the most popular suburbs in our region is Castlecliff where 123 homes were listed for sale over the past year. Homes in Castlecliff have an average land size of 783 square metres. The suburb is tightly held with residents typically holding their home for 10 years. The median value of dwellings in Castlecliff is $290,700. This is higher than the median sales price which is currently $263,000. Over the past 12 months, buyer interest has eased with 124 homes sold this year compared to 157 sales last year. Homes are typically selling within 17 days. Sales prices have grown by 38.6% over the past 12 months. All of this means it is now a great time to sell in Castlecliff. Recent Sales (12 months) Snapshot on Castlecliff 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 124 $263,000 38.6% 17 $33.7m $350 6.3% Sales and Listings – Castlecliff Prices and change – Castlecliff Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years Wanganui Your local property report Recent Area Sales 12 Buckingham Place, Springvale 27 Kent Road, Saint Johns Hill 3 2 2 605m2 3 2 1 556m2 Sale Price$680,500 Property Type Dwelling Sale Price$670,000 Property Type Dwelling Sale Date31/07/20 Days on Market 9 Sale Date28/07/20 Days on Market 6 15A Alexander Street, Whanganui 25 Gonville Avenue, Gonville 4 1 1 577m2 4 1 2 766m2 Sale Price$380,000 Property Type Dwelling Sale Price$370,000 Property Type Dwelling Sale Date28/07/20 Days on Market 57 Sale Date24/07/20 Days on Market 9 31B Ward Street, Aramoho 5 Hipango Terrace, Durie Hill 2 1 1 0m2 3 1 1 529m2 Sale Price$247,500 Property Type Ownership ho Sale Price$553,000 Property Type Dwelling Sale Date23/07/20 Days on Market 32 Sale Date23/07/20 Days on Market 100 Wanganui LJ Hooker Wanganui Real Estate Associates Ltd Licensed REAA 2008 ph. 06 345 6123 [email protected] wanganui.ljhooker.co.nz Data for this report is provided by CoreLogic RP Data. 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