Forty-eight Northland farm sales were recorded for the three months to September 30 - 16 finishing, 19 grazing and two dairy units along with eight forestry blocks and three horticulture properties.
Real Estate Institute of New Zealand (REINZ) data shows the median price for the 16 finishing farms was $28,629/ha, well up on the $17,596/ha sales median for finishing farms in the region at this time last year, but still a little behind the $30,828/ha median for the 103 finishing farms averaging 45ha sold nationally over the past three months.
The 19 Northland grazing units which changed hands in the September sales quarter made a median price of $11,326/ha, similar to the median for the second quarter this year and up on the $9182/ha grazing farm median for sales in the region in September last year.
Nationally, the median price for grazing farms has fallen 22 per cent over the past 12 months and the 69 grazing farms averaging 75ha sold for the three months to September 30 made a median price of $12,031/ha, down from $15,339/ha for sales a year earlier.
The two Northland dairy farms sold in the three months to September 2017 fetched $18,042/ha, down on the $21,941/ha median for dairy farm sales in the region during the previous quarter but ahead of the $16,565 median for Northland dairy farm sales in September 2016.