Home values in Tauranga City have increased by 0.2 per cent over the past three months, 3.8 per cent year on year and they are now 5.5 per cent below the previous peak of 2007.
Values in the Western Bay of Plenty increased 2.5 per cent over the past three
months and 6.2 per cent since November last year, but they remain 6.3 per cent lower than 2007 levels.
QV Home Value Registered Valuer Mairi Macdonald said, "There appears to be increased buyer interest in the Tauranga property market and an increase in listings however sales volumes are steady so this doesn't seem to have translated into a higher number of properties selling yet."
"Values are increasing slowly and sales activity is steady with well presented and well located properties selling well."
"Western Bay of Plenty rate payers will receive their new rating valuations this week and we are seeing limited demand from buyers for properties towns like Katikati and Te Puke."
