The Kāpiti Coast property market continued to show resilience in May, with sales and prices holding firm as we head into the cooler months. According to the latest data from REINZ, the median sale price edged up to $780,000, a 1.6% lift compared to the same time last year. This aligns closely with Trade Me’s average asking price of $860,000 for the region, which saw a slight monthly increase.
Sales activity remained consistent, with 123 residential properties sold across the district in May. The majority of these were three-bedroom homes, which continues to be the most popular choice for buyers. On average, homes had a floor area of 151 square metres and sat on land sized around 711 square metres, giving buyers a comfortable amount of space.
What’s more, the average sale price came in at just over $807,000, reflecting the steady demand in the area. New listings also rose by 31% from the previous month, giving buyers more choice and reducing the urgency to make quick decisions. While homes are taking slightly longer to sell, buyer interest remains healthy, especially among first-home buyers, thanks to easing interest rates.
Overall, Kāpiti Coast is offering a well-balanced market—ideal for both those looking to buy and for sellers who price realistically. With more properties on offer and consistent buyer activity, now’s a good time to take advantage of the opportunities winter brings.
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.
