localmarkettotara heights weymouth takanini 45 118 278 $779,000 $846,000 $632,000 4.4% 4.2% 3.4%...

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local market Your local property report This report covers your local suburbs of Alfriston, Clevedon, Kawakawa Bay, Manurewa, Manurewa East, Orere Point, Randwick Park, Takanini, The Gardens, Totara Heights, Wattle Downs and Weymouth Brought to you by the team at Harveys Manurewa p q ph. 09 266 0000 f. 09 973 5604 e f [email protected] January 2020

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Page 1: localmarketTotara Heights Weymouth Takanini 45 118 278 $779,000 $846,000 $632,000 4.4% 4.2% 3.4% 2.1% 24 26 45 25 At Harveys Manurewa our goal is to provide you with the information

localmarketYour local property reportThis report covers your local suburbs of Alfriston, Clevedon, Kawakawa Bay, Manurewa,

Manurewa East, Orere Point, Randwick Park, Takanini, The Gardens, Totara Heights,

Wattle Downs and Weymouth

Brought to you by the team at Harveys Manurewa

pq ph. 09 266 0000 f. 09 973 5604 ef [email protected]

January 2020

Page 2: localmarketTotara Heights Weymouth Takanini 45 118 278 $779,000 $846,000 $632,000 4.4% 4.2% 3.4% 2.1% 24 26 45 25 At Harveys Manurewa our goal is to provide you with the information

SOLD

Strongest growth 12 months

SOLD

Most traded properties

Fastest sellers days

What’s happening in our local property market

Suburb performance

SOLD

Number sold (12 months) Median Price

Median Growth 12 months Median Days on Market

localmarketYour local property report

4.4%

509

22

Wattle Downs

Manurewa

Randwick Park

Wattle Downs

Totara Heights

Weymouth

Takanini

113

45

118

278

$779,000

$846,000

$632,000

$744,000

4.4%

4.2%

3.4%

2.1%

24

26

45

25

At Harveys Manurewa our goal is to provide you with the information you need to make confident decisions about property - whether you are buying, selling, investing or renting. We have created this report which details local

market conditions and how property is performing in your area which at times can be very different to the combined

performance of the capital cities. Let us help you stay on top of changes in your local property market every month.

Across our local market, we have seen 1,378 properties listed

for sale, over the past 12 months, which is lower than the

same time last year. This has impacted sales with 1,218 taking

place over the past 12 months. Looking at the market, the best

performing suburb, over the past 12 months, has been Wattle

Downs which has seen its median sales price grow by 4.4%. The

median sales price of a home in Wattle Downs is now $779,000.

Totara Heights saw its median sales price grow by 4.2% with the

median price now sitting at $846,000 and Weymouth grew 3.4%

across 118 individual sales with a median of $632,000.

The most traded suburb for homes in our area has been

Manurewa with 509 homes sold over the past 12 months.

Dwelling prices in Manurewa have remained relatively stable with

growth of 0.6% and now have a median price of $640,813.

The time it takes to sell a home in our region ranges from 22 days

in Randwick Park to 45 days in Weymouth.

Manurewa

Recent Sales (12 months)

Page 3: localmarketTotara Heights Weymouth Takanini 45 118 278 $779,000 $846,000 $632,000 4.4% 4.2% 3.4% 2.1% 24 26 45 25 At Harveys Manurewa our goal is to provide you with the information

Number of properties listed for sale

Number of properties sold

Median change in sales price (%)

Median sales price over 5 years

SOLD

Number of Properties Sold

Median Sale Price

Average Change in Median Price

Average Days on Market

Total Value of Sales

Median Asking Rent

Indicative Gross Rental Yield

Manurewa

This month it’s all aboutManurewa

Sales and Listings – Manurewa Prices and change – Manurewa

Snapshot on Manurewa

One of the most popular suburbs in our region is Manurewa

where 560 homes were listed for sale over the past year.

Homes in Manurewa have an average land size of 537 square

metres.

The suburb is tightly held with residents typically holding their

home for 9 years.

The median value of dwellings in Manurewa is $664,350. This is

higher than the median sales price which is currently $640,813.

Over the past 12 months, buyer interest has eased with 509

homes sold this year compared to 521 sales last year.

Homes are typically selling within 23 days.

Sales prices have stabilised by 0.6% over the past 12 months. All

of this means it is now a great time to sell in Manurewa.

509 $640,813 0.6% 23 $342.33m $520 4.1%

Recent Sales (12 months)

localmarketYour local property report

Page 4: localmarketTotara Heights Weymouth Takanini 45 118 278 $779,000 $846,000 $632,000 4.4% 4.2% 3.4% 2.1% 24 26 45 25 At Harveys Manurewa our goal is to provide you with the information

localmarketYour local property report

Recent Area Sales

Sale Price Property Type

Sale Date Days on Market

3 1 1 0m2

1/7 Ririno Place, Manurewa

Sale Price Property Type

Sale Date Days on Market

5 3 2 746m2

16A Glenross Drive, Wattle Downs

Sale Price Property Type

Sale Date Days on Market

3 1 1 615m2

13 Ewbank Place, Manurewa

Sale Price Property Type

Sale Date Days on Market

4 3 2 984m2

20 Smedley Street, Manurewa

Sale Price Property Type

Sale Date Days on Market

2 1 1 835m2

61 Tawa Crescent, Manurewa

Sale Price Property Type

Sale Date Days on Market

4 2 2 193m2

16 McGinty Street, Takanini

$740,000

14/12/19

Ownership ho

65

$808,000

17/12/19

Dwelling

15

$620,000

17/12/19

Dwelling

75

$546,956

17/12/19

Dwelling

120

$1,043,000

19/12/19

Dwelling

21

$438,000

23/12/19

UNIT

10

Manurewa

Page 5: localmarketTotara Heights Weymouth Takanini 45 118 278 $779,000 $846,000 $632,000 4.4% 4.2% 3.4% 2.1% 24 26 45 25 At Harveys Manurewa our goal is to provide you with the information

Data for this report is provided by CoreLogic RP Data. In compiling this publication, CoreLogic has relied upon information supplied by a number of external sources.

CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained

by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication

through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. This data is provided as general

information only and is not intended as financial advice. For our complete terms and conditions of use, go to www.corelogic.co.nz

harveys.co.nz

Harveys Manurewa

Effective Realty Ltd

Licensed REAA 2008

ph. 09 266 0000 f. 09 973 5604

[email protected]

harveys.co.nz/offices/manurewa