Newsflash Real Estate News May-June 2018.

For April the industry has experienced a steady market, sales volumes were down slightly from March which was expected as March is traditionally the largest month in the year for sales volumes.

The median sale price remained steady for Mount/Papamoa and Tauranga with the Mount/Papamoa market recording the same figure for both March 2018 and April 2018 with a value of $685,000.

Te Puke has seen an increase in the Median sale price from March 2018 to April 2018. Currently at $540,000. Sales volumes for April 2018 also increased to 27 sales up from 18 sales in March 2018 and 16 sales in April 2017.

Our local Harcourts offices continue to attract plenty of business from outside of our local market. This is partly due to the customer recognition of the Harcourts brand but also our large referral network across the Central Region and Nationally.

Harcourts has 42 offices in the Central Region of New Zealand, 194 offices nationwide and 850 offices globally across 9 countries employing 6800 sales consultants. Not bad for a New Zealand owned company that was founded in Wellington in 1888!

Our Property Management Division continues to grow. Over the last financial year the average rent across our portfolio of clients properties managed has increased from $423.00 per week to $463.00 per week. That’s an average increase of $40 per week or $2,080.00 per year for our clients investment properties.

Harcourts have recently released to the market a large subdivision development in Papamoa named “Manawa”. These sections range in size from 387 sqm to 540 sqm. Sections are selling fast so if you want to build your own home in this sought after location, talk to one of your local Harcourts Sales Consultants for more information.

— Simon Martin & Nigel Martin (Managing Directors)