Waimauku Real Estate: 12-Month Market Report
Waimauku, a suburb celebrated for its scenic beauty and community spirit, has shown remarkable real estate activity over the past year. This report provides a detailed look into the sales data, identifying trends and offering insights into the Waimauku property market’s direction.
Market Overview
The past 12 months have recorded a total of 39 property sales in Waimauku, showcasing a vibrant market with a wide range of property values, from affordable to premium options.
Sales Highlights
- Total Transactions: 39 property sales.
- Price Range: The sales ranged from $529,000 to $3,100,000.
- Median Sale Price: Stood at $1,360,000, reflecting the area’s premium market segment.
Understanding Price Variations
- Lower Quartile: $1,060,000, indicating the entry price for the upper 25% of sales.
- Upper Quartile: $1,580,000, highlighting the starting price for the top 25% of the market.
The Impact of Bedrooms on Price
- The median sale prices by bedroom count were: $1,550,000 for 3 bedrooms, $1,400,000 for 4 bedrooms, $1,730,000 for 5+ bedrooms.
Comparative Market Analysis
The median sale price shows a 9% decrease from $1.49 million a year ago, yet it marks a 9% increase from $1.25 million three years ago and a significant 32% increase from $1.03 million five years ago.
Looking Ahead
The Waimauku real estate market is poised for sustained interest and activity. Its blend of rural charm and accessibility continues to attract a diverse range of buyers.
Conclusion
Over the past year, Waimauku has demonstrated strong market activity with a clear trend towards higher-value properties. This trend, combined with the suburb’s continued development, positions Waimauku as a key player in the regional real estate market.
Your Next Step in Waimauku
Considering selling or buying in Waimauku? A detailed market appraisal can unlock your property’s potential. For expert guidance and the latest insights, connect with Darren Ryder from Barfoot & Thompson, your Waimauku Barfoot agent.
All statistics and data are sourced from the Real Estate Institute of New Zealand (REINZ), reflecting Waimauku’s housing market dynamics for the 12 months leading up to February 2024.
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