The Palmerston North property is again establishing itself as a great place to purchase homes. Prices are soaring up, with an average home now costing buyers about $294,000.
That's an improvement of $30,000 from the latter part of last year, when the median sale price for our city had dropped to $261,500.
Those of us whom work in the industry have been seeing this recovery for some time and these new figures from Quotable Value confirm this.
This trend is not just isolated to Palmerston North but is nation wide with houses prices increasing again by 0.7% in July for the third consecutive month.
With the media at last reporting a more positve note, Im sure this renewed confidence will result in seeing more properties coming to the market in the next few weeks.
Barry McKean
Bayleys Residential Specialist
Each week, well known real estate industry expert, Barry McKean of Property Brokers, releases his views, opinions, observations and predictions of the Palmerston North real estate market.
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