As we move into 2025, the Kapiti Coast real estate market is showing positive signs of growth and activity. February’s market data suggests a steady increase in both prices and sales, making it an interesting time for both buyers and sellers in the region.
Price Trends
The latest figures reveal that the median price for a home in the Kapiti Coast has risen to $892,000, reflecting a 3% increase compared to recent months. This continues the steady upward trend seen over the past year, with the REINZ report showing a 6.2% year-on-year growth in median prices, reaching $840,000. Kapiti Coast continues to be one of the stronger performing areas within the Wellington region.
Sales Activity & Demand
Demand in the Kapiti Coast remains solid, with sales activity increasing by 16% from previous months. The number of new listings has remained stable, ensuring that buyers still have options while properties continue to move at a healthy pace. This suggests that while prices are rising, the market remains competitive and balanced.
Time on Market & Buyer Interest
Properties in the Kapiti Coast are selling at a steady rate, with days on the market remaining stable. Buyer interest remains strong, with increased searches and inquiries seen on Trade Me. This aligns with broader trends in Wellington, where first-home buyers have been the most active segment, while some investors are choosing to exit the market.
Looking Ahead
The Kapiti Coast’s market remains resilient, with growing confidence from buyers and steady sales activity. With interest rates stabilizing and more people looking to make a move, 2025 could present continued opportunities for sellers while still offering options for buyers looking to enter the market.
If you’re considering buying or selling in the Kapiti Coast, now is a great time to assess your options.
Feel free to reach out for a chat about what’s happening in the local market and how you can make the most of current conditions.
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.
