Dear Resident,
The number of sales of dwellings including apartments in Waitakere City for February was 200. There were 10 sections sold. The median selling price was $805,000. The average days to sell was 37.
| Sale Prices | |||
| Suburb | Median selling price February 2017 |
No sold | Days to sell |
| Titirangi | $940,000 | 19 | 69 |
| Sunnyvale | $677,500 | 5 | 52 |
| West Harbour | $820,000 | 7 | 28 |
| Hobsonville | $859,000 | 10 | 111 |
| Glendene | $735,000 | 11 | 59 |
| Henderson | $755,000 | 33 | 48 |
| Massey | $686,250 | 26 | 30 |
| Ranui | $675,000 | 12 | 28 |
| Piha | $805,000 | 4 | 50 |
| Te Atatu Peninsula | $1,030,000 | 18 | 22 |
| Te Atatu South | $905,000 | 9 | 32 |
| Glen Eden | $788,000 | 11 | 32 |
| New Lynn | $745,750 | 14 | 32 |
Capital Gains February 2012 – 2017 Median Prices
Ranui 114.3%
Sunnyvale 90.6%
New Lynn 126.6%
The median selling price for Waitakere City was $760,000 in December, it increased to $761,500 in January and increased again to $805,000 in February.
Last month saw a new record of 71,333 net migration to New Zealand for the 12 months to February. Only 200 houses were sold in Waitakere City in February and of these only 2 were new houses. This is the lowest number of sales for Waitakere City for the last 10 years.
I hold to my prediction that house prices in Waitakere City will increase by 5-7%
during 2017. I also qualify this by saying that a change of government in September would completely change the situation and could quickly result in a fall in property prices.
Do you want to know the value of your property? Its probably worth more than you think. Contact me for a free no obligation value update.
Best wishes,
John Goodrum
Licensee Agent REAA 2008
021945140
thelegendofthewest@gmail.com