Hamilton Market Update March 2021
Updated: Mar 11
Across our local Hamilton market, we have seen 3,498 properties listed for sale, over the past 12 months, which is lower than the same time last year. This has impacted sales with 3,018 taking place over the past 12 months. Looking at the market, the best performing suburb, over the past 12 months, has been Chedworth which has seen its median sales price grow by 21.6%.
The median sales price of a home in Chedworth is now $725,999. Saint Andrews saw its median sales price grow by 20.4% with the median price now sitting at $655,000 and Beerescourt grew 18.8% across 42 individual sales with a median of $684,000. The most traded suburb for homes in our area has been Flagstaff with 267 homes sold over the past 12 months. Dwelling prices in Flagstaff have performed well with growth of 8.3% and now have a median price of $863,000. The time it takes to sell a home in our region ranges from 7 days in Bader to 50 days in Hamilton Central.
At Twin Rivers Real Estate Ltd (LJ Hooker Ngaruawahia) our goal is to provide you with the information you need to make confident decisions about property - whether you are buying, selling, investing or renting. We can help you explore & understand local market conditions and how property is performing in your area. At times this can be very different to the combined performance of other cities.
For rent rates these are still trending up. The changes for the Healthy Homes Standards, demand for quality housing in Hamilton & the Residential Tenancies Amendment Act 2020 & the number of listings have contributed to this. I have noticed an increase in the number of applicants advising their current residence has been sold or is on the market.
Let us help you stay on top of changes in your local property market every month. Things change so quickly in the current market, it is to your advantage to always have the most up to date information. We're always happy to chat about all things property related.