PROPERTY MARKET UPDATE MARCH 2025 BASED ON RESULTS FOR FEBRUARY 2025
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NORTHLAND in a SNAPSHOT: Volume UP +0.6% on 2024 and UP on last month +41.5% with median price DOWN – 2.7% on 2024 and UP + 0.7% on last month, days to sell sitting at 70 days
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February 2025 was a good month with more encouraging signs that our market is doing okay. We still had patchy attendance at Open Homes, which depended mostly on the property type.
First Home buyers were the most active group followed by second home buyers and a number of these were people moving to Whangarei. With the further reduction in interest rates and good news about our economy we should expect to see more buyers in our property market over the coming months. High end ie. Properties over $1m should also start to see more interest over the coming months.
If you are thinking of Selling, we would love to work with you to get the best result, so call us now for a FREE Property Appraisal and we’ll discuss this with you.
For overall Price Movement – See the 5 year price graph below which highlights pricing movement
NATIONAL OVERVIEW: (by REINZ)
“The latest figures for February showed some positive signs across the New Zealand property market, with increases in sales counts and auction activity. As New Zealand transitions from the holiday period and returns to normal routines, the market looks optimistic.
Sales have increased nationally year-on-year, and activity is ramping up as we move out of summer. Attendance at open homes remains strong, and auction numbers are comparable to those in February 2024. These are encouraging signs for a positive and confident market ahead,” says Rowan Dixon REINZ CEO
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“Owner-occupiers, first home buyers and investors were the most active buyers in Whangarei, with only first home buyers the most active in Kerikeri.
Vendor expectations were relatively realistic as they came to the market prepared with current prices. Open home attendance varied across the region. Low numbers were reported in Kerikeri, but in contrast, attendance increased towards the end of the month in Whangarei.
Auction attendance also increased, but most of the properties were passed in. Market sentiment was influenced by more stock available, vendors under pressure due to increased competition, and more choices for buyers, meaning less urgency to commit.” Says Rowan Dixon REINZ CEO
Good Property Marketing is helping us to find the best buyers for our properties, ensuring that our vendors get the best result. Call us as we would love to help you get the best result for your property.
5 YEAR MEDIUM PRICE MOVEMENT FOR NORTHLAND TO FEBRUARY 2025
If you want to sell your property, please give us a call as now is a good time to be talking and looking at the best method of taking your property to the market.
Please call us 021 820 015 to discuss your property needs further.
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Click here to download the complete Property Report from REINZ
