Raise the bat, Wanaka! Reaching the 100-sale mark for November is a fantastic result for our local market. This activity included 45 residential house sales, which is our highest monthly volume since May 2023, along with 55 section sales buoyed by the release of new titles in Pembroke Heights.
The median house price for the month held steady at $1,450,000, while the median section price settled at $570,000. Stock levels also remained consistent despite the surge in sales. This was thanks to a late flurry of new listings arriving in November, which, much like the snow, came slightly later than expected this year.
Buyer activity continues to strengthen with increased competition at auction, higher clearance rates, and a noticeable rise in multi-offer situations for properties marketed by private treaty. It is an encouraging way to close out 2025, and all indicators suggest we will see momentum continue to build into the new year, albeit gradually.
Before Wanaka experiences another significant lift in pricing, stock levels will need to tighten further to create that highly competitive environment across the board.
This is a quick reminder about our ‘A Little Ray of Giving’ drive in partnership with Community Link. It has been inspiring to see Wanaka rally together again, and we want to thank those who have already contributed. Any further donations are greatly appreciated, so please check below for more information.
Wishing you all the best in the lead-up to Christmas. If you have any questions about the latest sales statistics or would like to understand where your property sits in today’s market, we are always here to help.
Happy New Year — we hope you’ve had a great break and a positive start to 2026. As this is our first Wanaka real estate market review for the year, we wanted to cover both the December statistics specifically, as well as provide an overall snapshot of the 2025 market.December … Read more
All the rain in October certainly didn’t dampen the spirits of the local property market here in the Upper Clutha. October marked the fourth consecutive month where residential house sales exceeded the 40 mark, with a total of 41 sales recorded at a median price of $1,525,000.This strong level of … Read more