As we move into autumn, the property market across the Kapiti Coast has remained active, with buyer interest still strong and sales on the rise compared to earlier in the year.
Here's a quick breakdown of what happened in March.
In March, the Kapiti Coast property market stayed active with 130 homes sold—the busiest month so far this year. While sales numbers were strong, the average sale price dropped to $838,511, and properties took longer to sell, averaging 172 days on the market. Across the region, Ōtaki and Te Horo saw slower movement with the longest selling times and a lower average price of $647,631. Waikanae and Peka Peka held steady in sales, with average prices just under $900,000 and selling in about 52 days. Otaihanga and Paraparaumu were the most active areas, leading the region in sales volume and showing much quicker selling times compared to February. Meanwhile, Raumati and Paekākāriki continued to perform well with solid prices and the fastest turnaround—just 46 days to sell on average.
Market Trends & Buyer Behavior
According to REINZ, buyer interest across the country is growing. Lower interest rates and more listings are giving buyers choice and confidence. While prices remain soft in many areas, sales numbers are up – including a 12.8% year-on-year lift nationally.
From the Trade Me insights, local search activity and listing engagement are both on the rise:
- Median list price up 1% to $888,000
- Median sale price now around $717,000, up 8% from last year
More listings and longer selling times mean buyers can take their time – and they are.
Advice for Buyers and Sellers
Sellers:
If you’re preparing to list, be realistic about pricing. Well-presented homes are selling, but buyers are comparing options and waiting for the right one.
Buyers:
Now’s a good time to shop around. With more properties on the market and longer decision windows, you have time to make confident choices.
Do you want tailored advice for your property? Reach out – I’m happy to help you navigate this shifting market.
