Manukau Your local property report This report covers your local suburbs of Clover Park, Goodwood Heights, Manukau, Otara, Papatoetoe and Wiri. August 2019 Brought to you by the team at LJ Hooker Manukau pq ph. 09 262 1909 ef [email protected] wx ljh.co.nz Your local property report What’s happening in our local property market Recent Sales (12 months) At LJ Hooker Manukau 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 1,010 properties listed 47 individual sales with a median of $792,000. for sale, over the past 12 months, which is higher than the same time last year. This has impacted sales with 736 taking place over The most traded suburb for homes in our area has been the past 12 months. Looking at the market, the best performing Papatoetoe with 481 homes sold over the past 12 months. suburb, over the past 12 months, has been Papatoetoe which Dwelling prices in Papatoetoe have remained relatively stable with has seen its median sales price grow by 1.5%. The median sales growth of 1.5% and now have a median price of $677,000. price of a home in Papatoetoe is now $677,000. Otara saw its The time it takes to sell a home in our region ranges from 17 days median sales price grow by 0.5% with the median price now in Wiri to 41 days in Otara. sitting at $547,000 and Goodwood Heights eased -0.3% across Suburb performance Strongest growth 1.5% Papatoetoe 12 months SOLD SOLD Papatoetoe 481 $677,000 1.5% 35 Most traded 481 Otara 82 $547,000 0.5% 41 Papatoetoe properties Goodwood Heights 47 $792,000 -0.3% 26 Fastest sellers 17 Clover Park 56 $636,000 -0.5% 27 Wiri days SOLD Number sold (12 months) Median Price Median Growth 12 months Median Days on Market Manukau Your local property report This month it’s all about Papatoetoe One of the most popular suburbs in our region is Papatoetoe where 714 homes were listed for sale over the past year. Homes in Papatoetoe have an average land size of 441 square metres. The suburb is tightly held with residents typically holding their home for 10 years. The median value of dwellings in Papatoetoe is $704,850. This is higher than the median sales price which is currently $677,000. Over the past 12 months, buyer interest has eased with 481 homes sold this year compared to 520 sales last year. Homes are typically selling within 35 days. Sales prices have stabilised by 1.5% over the past 12 months. All of this means it is now a great time to sell in Papatoetoe. Recent Sales (12 months) Snapshot on Papatoetoe SOLD Number of Median Average Change Average Days Total Value Median Indicative Gross Properties Sold Sale Price in Median Price on Market of Sales Asking Rent Rental Yield 481 $677,000 1.5% 35 $340.42m $457 3.4% Sales and Listings – Papatoetoe Prices and change – Papatoetoe Number of properties listed for sale Median change in sales price (%) Number of properties sold Median sales price over 5 years Manukau Your local property report Recent Area Sales 28 Piako Street, Otara 61 Catkin Crescent, Papatoetoe 4 1 1 673m2 3 1 2 631m2 Sale Price $610,000 Property Type Dwelling Sale Price $561,500 Property Type Dwelling Sale Date30/07/19 Days on Market 82 Sale Date29/07/19 Days on Market 10 126 Kimpton Road, Papatoetoe 12 Aspiring Avenue, Clover Park 2 1 2 928m2 3 1 1 661m2 Sale Price $980,000 Property Type Dwelling Sale Price $650,000 Property Type Dwelling Sale Date27/07/19 Days on Market 17 Sale Date23/07/19 Days on Market NA 3 Espada Place, Clover Park 30 Aronia Way, Goodwood Heights 3 1 1 617m2 3 1 2 696m2 Sale Price $645,000 Property Type Dwelling Sale Price $670,000 Property Type Dwelling Sale Date22/07/19 Days on Market 48 Sale Date21/07/19 Days on Market 82 Manukau LJ Hooker Manukau Real Estate Brokers Ltd Licensed REAA 2008 ph. 09 262 1909 [email protected] ljh.co.nz Data for this report is provided by CoreLogic RP Data. 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