Hawke's Bay's property market is going from strength to strength, with days to sell reducing, and median prices rising.
The latest real estate data from REINZ revealed the median house price in Hawke's Bay rose $45,000, to $320,000 last month, compared to August 2015, with prices rising 21 per cent in Napier, 20 per cent in Hastings and 5 per cent in Dannevirke.
Compared to July this year the median price rose $10,000 with prices rising 7 per cent in Hastings, 5 per cent in Dannevirke and 2 per cent in Napier. On a seasonally adjusted basis the median price fell 2 per cent compared to July.
Sales volumes in Hawke's Bay rose by 7 compared to July, with sales rising 30 per cent in Hastings and 21 per cent in Hawke's Bay Country, but falling across the rest of the region.
Compared to August 2015 sales volumes rose 2 per cent, with sales rising 127 per cent in Dannevirke, 30 per cent in Hastings and 21 per cent in Hawke's Bay Country. On a seasonally adjusted basis sales for August fell 3 per cent compared to July.