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.

Advertisement