February proved to be a bumper month for residential house sales, with 49 in total—a significant 37% lift in volume compared with February last year. The median price for these house sales remained consistent with January, sitting at $1,725,000 (10% up on February last year), showing a strong start to 2026 in terms of both pricing and turnover.
The last time we witnessed more than 49 residential house sales in a single month was in February 2021, and that was right in the heat of a booming market.
There were 17 section sales, including the exceptional result at Mount Gold Place, achieved by our office at over $3 million. In addition, one apartment sale and two lifestyle property rounded out the sales for the month.
The overseas investment reforms have now taken effect, and enquiry is strong for both existing residential housing stock above $5 million, as well as premium land, where foreign buyers have the ability to purchase and build immediately based on an overall project cost exceeding $5 million. This will be very interesting to track as 2026 progresses.
The Ray White Wānaka June 2026 property report reveals a winter cooling in residential house sales volumes, which dropped 13% year-on-year. However, the market was heavily bolstered by a massive wave of 40 section transactions, while the median house price held steady at $1,575,000. Wānaka Market Metric June 2026 Result Residential House Sales 34 Median … […]
Wānaka property continues to stand strong, defying the North Island slowdown with 41 house sales in May matching last year’s volumes and the median price climbing 7% to $1,550,000. Local market insight from our recent Info Collective event also revealed that domestic buyers overwhelmingly drive our high-end market, accounting for 22 out of 24 residential … […]