Professionals Patrick and Scott principal agent Andy Scott, in Masterton, said the Wairarapa was a "conservative region" when it came to farm sales.
Many of the farms were well-established and a lot of land in the region was non-irrigatable.
Although some farmers were in their 60s, they were still quite agile and made a personal decision to keep farming regardless of how the property market was performing, he said.
"What we're hearing on the ground is there might be a bit of movement but it's not going to be substantially more."
Nationwide, 554 farms were sold in the last quarter - a 20 per cent year-on-year jump.
The annual number of sales was also up 20 per cent to 1756, the biggest 12-month turnover since February 2009.
Federated Farmers fears dairy farms nationwide have become too expensive.
The median dairy farm sale price climbed 11 per cent to $38,267 a hectare with a median farm size of 112ha. That compared with a median price of $24,163 a hectare for all farms.
The volume of dairy farm sales almost doubled in the three-month period to 121 from 63 properties a year earlier, bolstered by 62 farms changing hands in December alone.
Federated Farmers chief executive Conor English said farms were continuing to expand with stock units growing while the number of farmers declined.
"Often it's neighbours buying up neighbours' land, that will often be the first port of call for any real estate agent. So farm size has gotten bigger over the last 20 years."
Grazing properties accounted for 43 per cent of all sales, while dairy made up 22 per cent of sales.
Horticulture farms were the most expensive, with a median price of $141,134 a hectare, and a median farm size of 5ha.
- additional reporting Business Desk
