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According to Real Estate Institute of NZ (REINZ) data, there were 52 sales in the Puhoi to Mangawhai region in May this year, compared to 34 in May last year.
Of that total, 18 were sold in Warkworth, compared to nine in May last year.
The median price was $1,070,000, up from $880,000 a year earlier. However, the time to taken to sell a property was slightly longer – 64 days, compared to 62 in May last year.
The most expensive property to change hands in May was in Matakana and it sold for $4.15 million. The biggest bargain was in Ruawai, where a property sold for just $300,000.
There were six auctions during May, three tender sales and the remainder were sold by private treaty.
A REINZ spokesperson said the Mahurangi/Mangawhai area saw a general gentle rise in prices between 2015 and 2021.
“There was a sharp incline through to a peak of about $1.2 million in early 2022,” she said. “From there, the median price has bounced around, generally in the $1m to $1.1m range.”
In terms of rural sales, there were 16 farm sales the 12 months to May this year, down from 20 farm sales during the previous 12 months.
For the three months ending in May, there were 42 lifestyle sales, up from 32 in the three months ending May 2023. The median lifestyle price during this period was $1.15m, down from $1.2m in 2023.
