WSP 27 6.5 SALES TRENDS, MARKET ACTIVITY The following Table 6-7 illustrates the volume of property sales and median property price per region from period 1 (p1) (6-months ending Sept 2019) and period 2 (p2) (6-months ending March 2020) according to the Real Estate Institute of New Zealand37 Note: In June 2020 the median residential property price across New Zealand was $637,000 and increase by 28.7% to $820,000 by June 2021.36. Table 6-7. Property sales volumes, median price and change 2019-202037. Area Count p1 Count p2 Price (M) (p1) Price (M) (p2) Count Δ (%) Price Δ (%) Waihi 47 61 $425,000 $445,000 +29.8 +4.7 Te Aroha 51 59 $450,000 $440,000 +15.7 -2.2 Paeroa 33 47 $366,000 $420,000 +42.4 +14.8 Waikato 3,801 3,993 $539,000 $580,000 +5.1 +7.6 Bay of Plenty 2,719 2,900 $595,000 $650,000 +6.7 +9.2 New Zealand 37,367 40,465 $585,000 $630,000 +8.3 +7.7 36 (Real Estate Institute of New Zealand, 2021) 37 (Real Estate Institute of New Zealand, 2020)
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