Auckland suburb values have cooled except for 12 areas that are still red hot, while regional property values continue to rise.
Half of the suburbs outside Auckland - 261 out of 531 - are currently at their most expensive, according to data as at December 1 provided to the Herald by CoreLogic.
But just 12 out of 161 suburbs in Auckland are at their highest median value. They are Auckland Central ($523,950), Grey Lynn ($1,430,000), Three Kings ($1,014,950), Westmere ($1,910,850), East Tamaki Heights ($1,351,500), Favona ($692,350), Mangere East ($659,750), Somerville ($1,228,800), Chatswood ($1,290,550), Army Bay ($931,250), Helensville ($686,000) and Hobsonville ($970,150).
The Auckland suburbs at peak value have 32,497 properties in them, while those in the rest of the country have 371,822 homes.
The end of the relentless increases in Auckland property values is not just a downward tick at the end of year.
Only five and seven Auckland suburbs reached their highest value in November and October respectively.
Most Auckland suburbs reached their peak values at some time since October last year before losing ground as property values across the city slipped.
But a significant number of suburbs elsewhere in the country are still increasing in value.
As well as examining suburbs, the data is broken down to town-level - nine of which are currently at their most expensive.
In Tararua, Marlborough/Kaikoura, Opotiki, Kawerau, Clutha, Kapiti Coast, Hawke's Bay, Tasman and Gore all suburbs are at their peak.
An emerging trend is that areas located outside of New Zealand's major population centres - Auckland, Hamilton, Wellington, Christchurch and Dunedin - generally have a high percentage of suburbs which are at their peak value.
Ten of Napier's 11 suburbs are currently at their record median value, with five of them worth over $500,000 - Bluff Hill ($650,000), Hospital Hill ($600,900), Bay View ($580,400), Greenmeadows ($514,150) and Taradale ($504,200).
Nick Goodall, head of research at CoreLogic, said the overall results were unsurprising.
"The suburb data is further confirmation of the market slowdown in Auckland. Of course there are always differences within a city though and it seems the central parts of Auckland have held up better during 2017.
"Outside of Auckland we're still witnessing some growth, but not at the same rate we saw earlier in the year.
"Looking ahead we'd expect things to die down over the summer break and then as with each new year it will be interesting to keep an eye on holiday spots to see if holiday makers are wooed by their picturesque settings and maybe buy a bach."
CoreLogic has also provided the Herald with monthly median property values for almost 700 suburbs. This data series goes from January 2000 to December 2017.
Click here to find out if your suburb has peaked in value or is still growing.
Suburb values are calculated using CoreLogic's Automated Valuation Model (AVM) to determine the market value of every home in the suburb as at the first of every month and taking the median (middle) value of those properties. The series goes back to January 2000.
Where a suburb has a low number of properties or recent sales to assist with calculating the market value, a meaningful result cannot be calculated.