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Higher Expectations From Home Sellers

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Hawke’s Bay house sellers are now asking for some of the highest house prices in regional New Zealand.

Wairarapa sits top but Hawke’s Bay is no longer far behind, with an average asking price of $532,512 for December, a rise of 5.0 percent since the last REINZ figures.

Other regions that made the top list include Gisborne, Northland, and Coromandel.

The region’s inventory – the total amount of time all existing properties on the market would take to sell – is now only eight weeks.

Other regions with short inventories included Gisborne (five weeks), Wellington (six weeks), Otago (eight weeks) and Nelson (11 weeks).

Photo: Hawke’s Bay has one of the highest average asking prices for homes in the country. Photo / Duncan Brown

For morCapturee on this and other great Hawke’s Bay stories go to hawkesbaytoday.co.nz

Posted: 8 January 2019

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