From the REINZ Report:
From the Trade Me Insights:
Kapiti Coast Market Blog – April 2025 Update
The cooler months are settling in, and that seasonal shift is showing up in the property market too. Across the Wellington region, including the Kapiti Coast, April brought signs of a market taking a breath – with prices softening slightly and buyers taking their time.
Kapiti’s median sale price came in at $757,500 this April, down just under 5% compared to the same time last year. While that might sound like a big drop, it’s part of a wider trend we’re seeing across the Wellington region. Vendors have had to reset their expectations, especially as buyers are becoming more value-focused and careful about what they’re paying.
Sales activity in Kapiti was a little quieter too, with slightly fewer homes changing hands than last April. That’s not unexpected for this time of year – holidays and shorter days often mean fewer open home visits and slower decision-making.
But interestingly, while sale prices have come down, asking prices remain steady. Trade Me's data shows the Kapiti Property Price Index at $880,000, up 2% from the previous month. This tells us sellers are still hopeful, even if buyers are taking a more cautious approach.
Listings are up 4%, giving buyers more to choose from. And with plenty of browsing activity still happening online, there’s clearly strong interest – just a bit more patience from buyers waiting for the right home at the right price.
Overall, it’s a steady market. Prices are adjusting, more homes are available, and interest is still bubbling away in the background. It’s a good time for buyers to do their homework and for sellers to be realistic about pricing if they want to move on quickly this winter.
Have you considered buying or selling a property? Or do you know of a family member, friend or colleague who is considering buying or selling a property? Contact Charlie Goodyer to experience next level service.
