Twin cities' property market still strong

1 comment
UPWARDS: Napier home values increased by 13 percent over the past year. PHOTO FILE
UPWARDS: Napier home values increased by 13 percent over the past year. PHOTO FILE

The latest monthly QV House Price Index shows the Bay property market continues to grow.

Napier home values continued to show strong growth increasing by 13.0% over the past year and 4.0% over the past three months. The average value in the city is now $372,963.

While Hastings values also continue on an upward trend rising 11.6% in the year to June and 4.4% over the past three months. The average value there is now $345,577.

QV homevalue Hawkes Bay Registered Valuer Bevan Pickett said the market is continuing to display the strength of the last few months.

"Tenders and auctions have become the preferred method of sale as vendors don't want to put a cap of possible sales prices and with multiple offers are now the norm and sale prices are commonly eclipsing vendor and agent expectations," Mr Pickett said.

- Hawkes Bay Today

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

Have your say

1200 characters left

By and large our readers' comments are respectful and courteous. We're sure you'll fit in well.
View commenting guidelines.

Sort by
  • Oldest

© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production apcf03 at 29 May 2017 23:07:46 Processing Time: 169ms