By the Numbers

REINZ reported a 37% increase in sales volume for Kerikeri in April compared to April 2015.  This compares with an increase in Northland of 18%.  Sales volumes in April were down slightly from March in Northland but up 16% in Kerikeri.  Median prices rose 29% in Kerikeri compared to April 2015; again, the highest levels in Northland.

Median section prices have been rising with greater numbers of people choosing to build.  The median price for 2016 is underestimated as there are many unreported sales over $200,000 still awaiting title issue.
Our figures continue to show that about 2/3 of sales are going to new residents to the area, with increasing interest from non-Kerikeri resident investors.

First time home buyers are struggling to get a foot on the ladder in Kerikeri with fewer and fewer properties available under $500,000.
This newsletter gives you some important points to consider.  We are always happy to meet with potential clients or members of the public seeking information.

Winter is almost upon us.  We wish you well with your heating and your building’s weatherproof qualities.  We are fortunate to be in such a temperate part of our country!